Overview
Raised: $53,734
Total Commitments ($USD)
Platform
Honeycomb
Start Date
05/02/2024
Close Date
06/02/2024
Min. Goal
$50,000
Max. Goal
$1,240,000
Min. Investment
$100
Security Type
Debt
Series
Seed
SEC Filing Type
RegCF
Interest Rate
12.50%
Term Length
3.0 years
Rolling Commitments ($USD)
Status
Active
Reporting Date
05/16/2024
Days Remaining
16
% of Min. Goal
107%
% of Max. Goal
4%
Likelihood of Max
Avg. Daily Raise
$3,838
# of Investors
78
Momentum
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Year Founded
2022
Industry
Farming & Agriculture
Tech Sector
AgriTech
Distribution Model
B2B/B2C
Margin
Low
Capital Intensity
High
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 $50,000 and a maximum target of $1.24 million. 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
| FY 2023 | FY 2022 | |
|---|---|---|
|
Revenue |
$207,652 |
$0 |
|
COGS |
$55,218 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-534,206 |
$0 |
Summary Balance Sheet
| FY 2023 | FY 2022 | |
|---|---|---|
|
Cash |
$192,121 |
$0 |
|
Accounts Receivable |
$136,138 |
$0 |
|
Total Assets |
$643,741 |
$0 |
|
Short-Term Debt |
$8,577 |
$0 |
|
Long-Term Debt |
$1,436,910 |
$0 |
|
Total Liabilities |
$1,445,487 |
$0 |
Financials as of: 05/02/2024
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