Encore Artistic Solutions

Encore Artistic Solutions

Closed: Apr. 2023

About this raise

Encore Artistic Solutions, with a valuation of $13.54 million, is raising funds on StartEngine. The company has developed a patent-pending process that transforms discarded paint into high-quality fine art paint. The first product of Encore Artistic Solutions is a premium fine art paint named Tomorrow’s Artist that aims to make sustainability a part of artistic practices. The business is reducing the amount of paint that ends up in landfills and delivering premium paint that artists love. Steve Ross founded Encore Artistic Solutions in July 2021. The current crowdfunding campaign has a minimum target of $9,999 and a maximum target of $1.23 million. The campaign proceeds will be used to launch a social media marketing campaign, develop new and exciting products, and establish strategic partnerships.

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Investment Overview

Invested this round: $95,207

Deal Terms

Total Commitments

Platform
StartEngine
Start Date
11/02/2022
Close Date
04/17/2023
Min. Goal
$9,999
Max Goal
$1,234,999
Min. Investment

$249

Security Type

Equity - Common

Company Stage

Early Stage

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$1.65

Pre-Money Valuation

$13,535,775

Company & Team

Company

Year Founded
2021
Industry
Consumer Products, Goods & Services
Tech Sector
Cleantech
Distribution Model
B2B/B2C
Margin
Low
Capital Intensity
High
Location
Oceanside, California
Business Type
Growth
Company Website
Visit Website

Team

Employees
2
Prior Founder Exits?
Yes
Founder Name
Steve Ross
Title
President

Financials

 Revenue
$812
 Monthly Burn
$12,790
 Runway
0.8 months

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$812

$0

COGS

$4,093

$14,890

Tax

$0

$0

 

 

Net Income

$-153,484

$-49,534

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$10,691

$1,437

Accounts Receivable

$0

$0

Total Assets

$10,691

$1,437

Short-Term Debt

$2,858

$0

Long-Term Debt

$50,000

$0

Total Liabilities

$52,858

$0

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$240,000
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
04/17/2023 StartEngine $13,535,775 $95,207 Equity - Common Funded RegCF
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Add to portfolio
Encore Artistic Solutions on StartEngine 2022
Platform: StartEngine
Security Type: Equity - Common
Valuation: $13,535,775
Price per Share: $1.65

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Warning: according to the close date for this deal, Encore Artistic Solutions may no longer be accepting investments.

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