MF Fire
About this raise: MF Fire, with a pre-money valuation of $12.7 million, is raising crowdfunding on StartEngine. The company makes smart wood burning technology products that help in transforming wood energy into clean energy. MF Fire’s smart wood stove is 90% efficient, much cleaner than traditional wood stoves, and provides 50% cost savings on fuel costs. Paul LaPorte, Ryan Fisher, and Dr Taylor Myers founded MF Fire in 2014. The current crowdfunding round has a minimum goal of $9,999.25 and a maximum goal of $1,069,999.10. MF Fire has experienced substantial revenue growth, with over 100% year-over-year growth in product line and employees. The technology is based on extensive research and data analysis.
Investment Overview
Invested : $498,201
Deal Terms
Total Commitments ($USD)
- Platform
- StartEngine
- Start Date
- 09/01/2020
- Close Date
- 04/30/2021
$9,999
$534,498
$288
Equity - Common
Seed
RegCF
$1.15
$12,659,391
Company & Team
Company
- Year Founded
- 2014
- Industry
- Energy, Power, & Natural Resources
- Tech Sector
- Distribution Model
- B2B/B2C
- Margin
- Medium
- Capital Intensity
- High
Financials
- Revenue +66% YoY
- $243,807
- Monthly Burn
- $34,314
-
Runway
- 2.1 months
- Gross Margin
- 49%
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Company Funding & Growth
Funding history
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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.