PANGEA Movement
Turning Trash into High Quality Sustainable Products
Overview
Raised: $197,535
Total Commitments ($USD)
Platform
Wefunder
Start Date
05/11/2023
Close Date
04/29/2024
Min. Goal
$50,000
Max. Goal
$320,000
Min. Investment
$100
Security Type
SAFE
Series
Seed
SEC Filing Type
RegCF
Early Bird Val. Cap
$20
Valuation Cap
$6,900,000
Discount
20%
Rolling Commitments ($USD)
Status
Active
Reporting Date
06/03/2023
Days Remaining
331
% of Min. Goal
395%
% of Max. Goal
62%
Likelihood of Max
Avg. Daily Raise
$8,588
# of Investors
279
Momentum
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Year Founded
2021
Industry
Consumer Products, Goods & Services
Tech Sector
Cleantech
Distribution Model
B2C
Margin
Medium
Capital Intensity
Low
PANGEA Movement, with a valuation of $6.9 million, is raising funds on Wefunder. The company makes sustainable outdoor gear using trash that is cleaned from the planet. The business collects plastic waste and recycles it at its Plastic Innovation Center to make high-quality products. PANGEA Movement has a loyal customer base and has increased its profit margin from 15% to 40%. Marcos Bulacio and William Robert Diricco founded PANGEA Movement in September 2021. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $320,000. The campaign proceeds will be used for salaries, marketing, advertising, product development, and reserves.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$139,161 |
$0 |
|
COGS |
$64,687 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-225,178 |
$-61,310 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$7,079 |
$9,023 |
|
Accounts Receivable |
$55,367 |
$77,832 |
|
Total Assets |
$142,978 |
$95,154 |
|
Short-Term Debt |
$20,987 |
$156,433 |
|
Long-Term Debt |
$0 |
$31 |
|
Total Liabilities |
$20,987 |
$156,464 |
Financials as of: 05/11/2023
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