Ourobio

Ourobio

Early Stage

Circular Biomanufacturing Tec

Circular Biomanufacturing Tec

Overview

Raised this Round: Raised: $87,250

Total Commitments ($USD)

Platform

Round Here

Start Date

01/22/2023

Close Date

06/30/2023

Min. Goal
$50,000
Max. Goal
$350,000
Min. Investment

$750

Security Type

Convertible Note

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$8,000,000

Discount

20%

Year Founded

2020

Industry

Industrial Services

Tech Sector

Biotech

Distribution Model

B2B

Margin

Medium

Capital Intensity

High

Location

Nokesville, Virginia

Business Type

Growth

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.

Summary Profit and Loss Statement

FY 2021 FY 2020

Revenue

$0

$0

COGS

$0

$0

Tax

$1,128

$8

 

 

Net Income

$40,811

$4,488

Summary Balance Sheet

FY 2021 FY 2020

Cash

$45,299

$4,488

Accounts Receivable

$0

$0

Total Assets

$45,299

$4,488

Short-Term Debt

$1,968

$0

Long-Term Debt

$0

$0

Total Liabilities

$1,968

$0

Financials as of: 01/22/2023
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Ourobio on Round Here 2023
Platform: Round Here
Security Type: Convertible Note
Valuation: $8,000,000

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