Equo
Early Stage
100% plastic-free, biodegradable straws (and other food carriers) that don't suck
Overview
Raised: $0
Total Commitments ($USD)
Platform
Wefunder
Start Date
03/23/2021
Close Date
11/23/2021
Min. Goal
$50,000
Max. Goal
$1,000,000
Min. Investment
$100
Security Type
SAFE
Series
Pre-Seed
SEC Filing Type
RegCF
Early Bird Val. Cap
$4,998,000
Valuation Cap
$6,000,000
Discount
20%
Rolling Commitments ($USD)
Status
Not Funded
Reporting Date
11/22/2021
Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise
$0
Momentum
Not Funded
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Year Founded
2021
Industry
Consumer Products, Goods & Services
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
High
Equo, with a $6 million valuation cap, is raising crowdfunding on Wefunder. The company makes eco-friendly alternatives for everyday use items, including disposable drinking straws and disposable cutlery. The products are made up of a variety of materials like grass, sugarcane, coconut, bamboo, and rice. Marina Tran-Vu founded Equo in January 2021. The proceeds of the current crowdfunding raise, with a minimum goal of $50,000 and a maximum goal of $1,000,000, will be used for inventory, sales staff, marketing, innovation, quality control, and operations. Equo offers mandatory products to the market after the global government bans on single-use plastic. The company and its products have also received several awards and people’s attention.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$0 |
$0 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$0 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$0 |
$0 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$0 |
$0 |
Financials as of: 03/23/2021
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