Ourobio
About this raise
Ourobio, with a valuation of $8 million, is raising funds on Round Here. The company turns industrial byproducts into biodegradable plastic additives. The aim of the company is to lower the cost, environmental footprint, and difficulty of making bio-based products and packaging. Ourobio has developed engineered microorganisms that turn industrial byproducts into plastic additives for chemicals and CPG industries. The company has received several grants and recognitions and has signed MOUs with prospective partners. Alec Brewer and Kobe Rogers founded Ourobio in March 2020. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $350,000. The campaign proceeds will be used for preliminary architecture and design for technology and product development, marketing, administrative and overhead expenses, and other indirect expenses.
Investment Overview
Invested : $87,250
Deal Terms
Total Commitments
- Platform
- Round Here
- Start Date
- 01/23/2023
- Close Date
- 06/30/2023
$50,000
$350,000
$750
Convertible Note
Early Stage
RegCF
$8,000,000
20%
Company & Team
Company
- Year Founded
- 2020
- Industry
- Industrial Services
- Tech Sector
- Distribution Model
- B2B
- Margin
- Medium
- Capital Intensity
- High
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $150,000
- Grants
- $130,000
- VC Backed?
- Yes
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 06/30/2023 | Round Here | $8,000,000 | $87,250 | Convertible Note | Funded | RegCF |