Greener Process Systems

Greener Process Systems

Early Stage

Reducing Port Air Pollution

Reducing Port Air Pollution

Overview

Raised this Round: Raised: $15,700

Total Commitments ($USD)

Platform

Raise Green

Start Date

01/25/2023

Close Date

07/27/2023

Min. Goal
$10,000
Max. Goal
$124,000
Min. Investment

$500

Security Type

SAFE

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$15,000,000

Discount

20%

Year Founded

2021

Industry

Energy, Power, & Natural Resources

Tech Sector

Cleantech

Distribution Model

B2B

Margin

Low

Capital Intensity

High

Location

Boca Raton, Florida

Business Type

Growth

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.

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$75,265

$29,941

COGS

$30,598

$9,223

Tax

$0

$0

 

 

Net Income

$-364,258

$-8,973

Summary Balance Sheet

FY 2022 FY 2021

Cash

$76,549

$16,427

Accounts Receivable

$0

$0

Total Assets

$76,549

$16,427

Short-Term Debt

$0

$0

Long-Term Debt

$472,500

$0

Total Liabilities

$472,500

$0

Financials as of: 01/25/2023
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Greener Process Systems 07/26/2023 Raise Green $15,000,000 $15,700 SAFE Funded RegCF
Greener Process Systems 11/20/2022 StartEngine $20,003,100 $44,468 Equity - Common 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.

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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Founder Profile

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.

Read Founder Interview

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Greener Process Systems on Raise Green 2023
Platform: Raise Green
Security Type: SAFE
Valuation: $15,000,000

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