Greener Process Systems (2023)
About this raise
Greener Process Systems, with a valuation of $15 million, is raising funds on Raise Green. It is an eco-engineering company that has developed a cutting-edge system to reduce port air pollution. The innovative system of Greener Process Systems captures air pollution from oceangoing ships docked in ports, improves air quality, and prevents health implications. Greener Process Systems has already received a $10 million purchase order to install all three versions of its SETH system in the EU over the next 18-24 months. Matt Sweetwood founded Greener Process Systems in May 2021. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $573,000. The campaign proceeds will be used for operations, patents, business development, research and development, and systems build.
Investment Overview
Invested : $15,700
Deal Terms
Total Commitments
- Platform
- Raise Green
- Start Date
- 01/26/2023
- Close Date
- 07/27/2023
$10,000
$124,000
$500
SAFE
Seed
RegCF
$15,000,000
20%
Company & Team
Company
- Year Founded
- 2021
- Industry
- Energy, Power, & Natural Resources
- Tech Sector
- Distribution Model
- B2B
- Margin
- Low
- Capital Intensity
- High
Financials
-
Revenue
- $100,000
- Monthly Burn
- $30,355
-
Runway
- 2.5 months
- Gross Margin
- 59%
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $44,468
- VC Backed?
- No
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
Founder Interview
Greener Process Systems Founder Matt Sweetwood on Reducing Ship Emissions
When you think of air pollution, what images come to mind? A congested highway full of cars? A derailed train in an explosion of smoke? What about a ship at port?Massive container ships around the world pollute the air on a regular basis. The Ports of Long Beach and Los Angeles, two of the busiest ports in the U.S., produce more than 100 tons of smog and other contaminants every day. The impact is roughly equal to that of 6 million cars on the roads across the region each day.
Greener Process Systems aims to tackle this issue using ship emissions capture technology. KingsCrowd interviewed company CEO and director Matt Sweetwood to learn more about its innovative approach to reduce maritime emissions.
Note: This interview was conducted over phone and email. It has been lightly edited for clarity and length.