Ourobio

Early Stage

Circular Biomanufacturing Tec

Overview

Raised to Date: Raised: $55,000

Total Commitments ($USD)

Platform

Round Here

Start Date

01/23/2023

Close Date

03/31/2023

Min. Goal

$50,000

Max. Goal

$350,000

Min. Investment

$750

Security Type

Convertible Note

Series

Pre-Seed

Funding Type

RegCF

Valuation Cap

$8,000,000

Discount Rate

20%

Rolling Commitments ($USD)

Status

Active

Reporting Date

02/03/2023

Days Remaining

56

% of Min. Goal

110%

% of Max. Goal

16%

Likelihood of Max
likely
Avg. Daily Raise

$5,000

# of Investors

6

Momentum
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Location

Nokesville, Virginia

Industry

Industrial Services

Tech Sector

Biotech

Distribution Model

B2B

Margin

Medium

Capital Intensity

High

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

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$1,128

$8

 

 

Net Income

$40,811

$4,488

Summary Balance Sheet

Most Recent Year Prior Year

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: 01/23/2023
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Ourobio on Round Here 2023
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Platform: Round Here
Security Type: Convertible Note
Valuation: $8,000,000

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