Intec Bioplastics

Intec Bioplastics

Growth Stage

Bio-resin engineering

Bio-resin engineering

Overview

Raised this Round: Raised: $0

Total Commitments ($USD)

Platform

Andes Capital

Start Date

08/06/2024

Close Date

12/31/2024

Min. Goal
$10,000
Max. Goal
$5,000,000
Min. Investment

$250

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$1.00

Pre-Money Valuation

$475,412,500

Year Founded

2019

Industry

Consumer Products, Goods & Services

Tech Sector

Cleantech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

High

Location

Santa Monica, California

Business Type

Growth

Intec Bioplastics, with a valuation of $475.4 million, is raising funds on Andes Capital. It is a bio-resin engineering company that helps customers achieve their sustainability goals of net zero carbon footprint. Intec Bioplastics’ patented technology enables it to manufacture EarthPlus, the plant-based resins, which can be used for products that are manufactured through blow molding, injection molding, thermoform, and roll holding processes. The company has over 590 different EarthPlus bio-resin formulas, all of which are FDA food-grade compliant. Jason Baum founded Intec Bioplastics in December 2019. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $5 million. The campaign proceeds will be used for an extrusion compounding line, a thermoform sheet line, a thermoform line, IP, patents, and trademarks, molds, material, and general working capital.

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-7,438,869

$-2,345,130

Summary Balance Sheet

FY 2023 FY 2022

Cash

$38,494

$21,690

Accounts Receivable

$0

$0

Total Assets

$38,494

$21,690

Short-Term Debt

$9,922,733

$2,467,060

Long-Term Debt

$0

$0

Total Liabilities

$9,922,733

$2,467,060

Financials as of: 08/06/2024
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Raise History

Offering Name Close Date Platform Valuation Total Raised Security Type Status Reg Type
Intec Bioplastics 12/31/2024 Andes Capital $475,412,500 $0 Equity - Common Active RegCF

No prior online funding rounds.

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Intec Bioplastics on Andes Capital 2024
Platform: Andes Capital
Security Type: Equity - Common
Valuation: $475,412,500
Price per Share: $1.00

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