MxG Fiber

Early Stage

Manufacturing packaging that replaces single-use plastics and sequesters carbon

Analytics

Raised to Date: Raised: $510,435

Aggregate Commitments $

Platform

Wefunder

Start Date

04/14/2021

Close Date

11/30/2021

Min. Goal

$100

Max. Goal

$4,500,000

Min. Investment

$100

Security Type

SAFE

Funding Type

Test the Waters / RegCF

Valuation Cap

$9,000,000

Discount Rate

0%

Rolling Commitments $

Status
Funded
Reporting Date

12/05/2021

Days Remaining
Funded
% of Min. Goal

510,435%

% of Max. Goal

11%

Likelihood of Max
Funded
Avg. Daily Raise

$2,219

Momentum
Funded
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Location

The Woodlands, Texas

Industry

Industrial Services

Tech Sector

Cleantech

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 04/30/2022 Wefunder $9,000,000 $258,505 SAFE Active RegCF
MxG Fiber 11/30/2021 Wefunder $9,000,000 $510,435 SAFE Funded Test the Waters / RegCF
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MxG Fiber on Wefunder 2021
$
Platform: Wefunder
Security Type: SAFE
Valuation: $9,000,000
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