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MxG Fiber

MxG Fiber

Testing the Waters
Early Stage

Manufacturing packaging that replaces single-use plastics and sequesters carbon

Manufacturing packaging that replaces single-use plastics and sequesters carbon

Overview

Raised to Date: Raised: $510,435

Total Commitments ($USD)

Platform

Wefunder

Start Date

04/13/2021

Close Date

Testing the Waters

Min. Goal
Funded
Max. Goal
Funded
Min. Investment

$100

Security Type

SAFE

SEC Filing Type

Test the Waters / RegCF    Open SEC Filing

Valuation Cap

$9,000,000

Discount

0%

Rolling Commitments ($USD)

Status
Funded
Reporting Date

12/04/2021

% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$2,219

Momentum
Funded
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Year Founded

2019

Industry

Industrial Services

Tech Sector

Cleantech

Location

The Woodlands, Texas

MxG Fiber, with a valuation of $9 million, is testing the waters on Wefunder. The company makes sustainable molded fiber packaging that replaces single-use plastics and reduces carbon footprint. The fiber containers of MxG Fiber are used in the take-out food industry and are safe, high-quality, cost-effective, and fully traceable. MxG Fiber has produced several products and has three manufacturing facilities in the Midwest. Matt Griswold founded MxG Fiber in 2019. The current crowdfunding campaign has a minimum target of $100 and a maximum target of $4,500,000. The campaign proceeds will be used to establish more production facilities and long-term growth.
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
MxG Fiber 02/27/2022 Wefunder $9,000,000 $242,879 SAFE Funded RegCF
MxG Fiber 11/29/2021 Wefunder $9,000,000 $510,435 SAFE Funded Test the Waters / RegCF
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Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Valuation History

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.

Employee History

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MxG Fiber on Wefunder 2021
Platform: Wefunder
Security Type: SAFE
Valuation: $9,000,000

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