Ourobio

Ourobio

Closed: Jun. 2023

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.

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Investment Overview

Invested this round: $87,250

Deal Terms

Total Commitments ($USD)

Platform
Round Here
Start Date
01/23/2023
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%

Company & Team

Company

Year Founded
2020
Industry
Industrial Services
Tech Sector
Biotech
Distribution Model
B2B
Margin
Medium
Capital Intensity
High
Location
Nokesville, Virginia
Business Type
Growth
Company Website
Visit Website

Team

Employees
2
Prior Founder Exits?
No
Founder Name
Alec Brewer
Title
CEO
Founder Name
Kobe Rogers
Title
COO

Financials

as of Fiscal Year 2021
 Revenue
$0
 Cash on Hand
$45,299

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

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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
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Add to portfolio
Ourobio on Round Here 2023
Platform: Round Here
Security Type: Convertible Note
Valuation: $8,000,000

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Follow Ourobio on Round Here 2023

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Warning: according to the close date for this deal, Ourobio may no longer be accepting investments.

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