ITerum Energy

Early Stage

Low-cost, clean electric power

Overview

Platform

Castle Placement

Start Date

09/06/2022

Close Date

08/31/2023

Min. Goal

$25,000

Max. Goal

$5,000,000

Min. Investment

$250

Security Type

Equity - Common

Series

Seed

Funding Type

RegCF

Price Per Share

$2.00

Pre-Money Valuation

$44,618,784

Location

Las Vegas, Nevada

Industry

Energy, Power, & Natural Resources

Tech Sector

Cleantech

Distribution Model

B2B

Margin

Low

Capital Intensity

High

Business Type

Growth

ITerum Energy, with a valuation of $44.6 million, is raising funds on Castle Placement. The company aims to manufacture and market modular power generation systems to convert waste heat into low-cost and environment-friendly electric power. ITerum Energy deploys innovative renewable energy solutions into key markets to generate clean electric power and manage risks. The business has several competitive advantages, including flexible and scalable architecture, end-to-end solutions, and scalability across a wide range of industries and heat sources. Mark Ryan founded ITerum Energy in May 2011. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $5,000,000. The campaign proceeds will be used for growth and expansion.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-290,125

$-448,321

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$11

$0

Accounts Receivable

$0

$0

Total Assets

$3,097,299

$3,100,088

Short-Term Debt

$898,510

$630,735

Long-Term Debt

$0

$0

Total Liabilities

$898,510

$630,735

Financials as of: 09/06/2022
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ITerum Energy on Castle Placement 2022
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Platform: Castle Placement
Security Type: Equity - Common
Valuation: $44,618,784

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