Ecotone Renewables

Ecotone Renewables


About this raise: Ecotone Renewables, with a valuation of $10 million, is raising funds on Republic. It is a public benefit corporation in Pittsburgh, Pennsylvania, that is advancing sustainability in local communities. Ecotone Renewables offers innovation and climate-smart practices for communities to achieve sustainability by turning food waste into fertilizer and renewable energy. The business supports urban agriculture with its anaerobic digestion technology to process food waste and replenish degraded soil with its food waste solution called The ZEUS Biodigester. Dylan Lew, Kyle Wyche, and Elliott Bennett founded Ecotone Renewables in July 2022. The current crowdfunding campaign has a minimum target of $49,999.61 and a maximum target of $528,863.56. The campaign proceeds will be used for hiring, ZEUS builds, R&D, and marketing.

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Investment Overview

Committed this round: $123,652

Deal Terms

Total Commitments ($USD)

Platform
Republic
Start Date
12/17/2024
Close Date
02/15/2025
Min. Goal
$50,000
Max. Goal
$528,864
Min. Investment

$500

Security Type

Equity - Preferred

Series

Series A

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$0.61

Pre-Money Valuation

$10,000,000

Company & Team

Company

Year Founded
2022
Industry
Farming & Agriculture
Tech Sector
AgriTech
Distribution Model
B2B/B2C
Margin
High
Capital Intensity
High
Location
Pittsburgh, Pennsylvania
Business Type
Growth
Company Website
Visit Website

Team

Employees
12
Prior Founder Exits?
No
Founder Name
Dylan Lew
Title
CEO
Founder Name
Kyle Wyche
Title
COO
Founder Name
Elliott Bennett
Title
CFO

Financials

as of November 30, 2024
 Revenue +124% YoY
$400,000
 Monthly Burn
$125,000
 Runway
12 months

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$178,261

$17,316

COGS

$0

$17,155

Tax

$0

$0

 

 

Net Income

$-596,103

$-332,248

Summary Balance Sheet

FY 2023 FY 2022

Cash

$191,448

$67,350

Accounts Receivable

$129,201

$2,021

Total Assets

$662,723

$184,898

Short-Term Debt

$503,677

$18,410

Long-Term Debt

$1,034,679

$446,018

Total Liabilities

$1,538,356

$464,428

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$5,419,691
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
02/15/2025 Republic $10,000,000 $123,652 Equity - Preferred Active RegCF
06/02/2024 Honeycomb - $89,137 Debt Funded RegCF
04/16/2023 Honeycomb - $124,000 Debt Funded RegCF
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Growth Charts

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.

Valuation History

Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Employee History

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Ecotone Renewables on Republic 2024
Platform: Republic
Security Type: Equity - Preferred
Valuation: $10,000,000
Price per Share: $0.61

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