Ecotone Renewables

Sustainability

Overview

Raised to Date: Raised: $80,588

Total Commitments ($USD)

Platform

Honeycomb

Start Date

02/28/2023

Close Date

04/17/2023

Min. Goal

$25,000

Max. Goal

$124,000

Min. Investment

$100

Security Type

Debt

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Interest Rate

12.75%

Term Length

5.0 years

Rolling Commitments ($USD)

Status

Active

Reporting Date

03/27/2023

Days Remaining

21

% of Min. Goal

322%

% of Max. Goal

65%

Likelihood of Max
likely
Avg. Daily Raise

$2,985

# of Investors

74

Momentum
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Year Founded

2022

Industry

Farming & Agriculture

Tech Sector

AgriTech

Distribution Model

B2B/B2C

Margin

Low

Capital Intensity

High

Location

Pittsburgh, Pennsylvania

Business Type

Growth

Ecotone Renewables is raising funds on Honeycomb. It is a public benefit corporation in Pittsburgh, Pennsylvania, that is advancing sustainability in local communities. The business offers innovation and climate-smart practices for communities to achieve sustainability. Ecotone Renewables is also supporting urban agriculture with its anaerobic digestion technology to process food waste and replenish degraded soil. Dylan Lew, Kyle Wyche, and Elliott Bennett founded Ecotone Renewables in July 2022. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $124,000. The campaign proceeds will be used for purchasing a new ZEUS digester, operations and distribution, marketing, R&D, and working capital.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$10,161

$0

COGS

$12,053

$0

Tax

$0

$0

 

 

Net Income

$-170,449

$0

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$177,368

$0

Accounts Receivable

$331

$0

Total Assets

$269,207

$0

Short-Term Debt

$60,486

$0

Long-Term Debt

$444,880

$0

Total Liabilities

$505,366

$0

Financials as of: 02/28/2023
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Ecotone Renewables on Honeycomb 2023
Platform: Honeycomb
Security Type: Debt

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