Ecotone Renewables

Ecotone Renewables

Sustainability

Sustainability

Overview

Raised to Date: Raised: $63,734

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    Open SEC Filing

Interest Rate

12.50%

Term Length

3.0 years

Rolling Commitments ($USD)

Status

Active

Reporting Date

05/18/2024

Days Remaining

14

% of Min. Goal

127%

% of Max. Goal

5%

Likelihood of Max
unlikely
Avg. Daily Raise

$3,983

# of Investors

79

Momentum
warm.svg
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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 $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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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Ecotone Renewables 06/01/2024 Honeycomb - $63,734 Debt Active RegCF
Ecotone Renewables 04/15/2023 Honeycomb - $124,000 Debt Funded RegCF
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Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Employee History

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Ecotone Renewables on Honeycomb 2024
Platform: Honeycomb
Security Type: Debt

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