Greener Process Systems

Greener Process Systems

About this raise

Greener Process Systems, with a valuation of $20 million, is raising funds on StartEngine. 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 $9,999.60 and a maximum target of $1,069,998.15. The campaign proceeds will be used to secure patents in the US and grow.

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Investment Overview

Invested this round: $44,468

Deal Terms

Total Commitments ($USD)

Platform
StartEngine
Start Date
06/27/2022
Close Date
11/21/2022
Min. Goal
$10,000
Max Goal
$1,069,998
Min. Investment

$250

Security Type

Equity - Common

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$1.95

Pre-Money Valuation

$20,003,100

Company & Team

Company

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
Company Website
Visit Website

Team

Employees
3
Prior Founder Exits?
Yes
Founder Name
Matt Sweetwood
Title
CEO
Founder Name
Maurizio Solefesta
Title
COO
Founder Name
Enrico Festa
Title
CTO

Financials

 Revenue
$29,941
 Monthly Burn
Profitable
 Cash on Hand
$16,427

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$29,941

$0

COGS

$0

$0

Tax

$2,284

$0

 

 

Net Income

$8,973

$8,973

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$16,427

$0

Accounts Receivable

$0

$0

Total Assets

$16,427

$0

Short-Term Debt

$10,000

$0

Long-Term Debt

$0

$0

Total Liabilities

$10,000

$0

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$0
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
07/27/2023 Raise Green $15,000,000 $15,700 SAFE Funded RegCF
11/21/2022 StartEngine $20,003,100 $44,468 Equity - Common 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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Add to portfolio
Greener Process Systems on StartEngine 2022
Platform: StartEngine
Security Type: Equity - Common
Valuation: $20,003,100
Price per Share: $1.95

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Warning: according to the close date for this deal, Greener Process Systems may no longer be accepting investments.

Greener Process Systems Deal Report

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