About this raise
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.
Investment Overview
Invested : $555,076
Deal Terms
Total Commitments
- Platform
- Wefunder
- Start Date
- 05/11/2023
- Close Date
- 11/30/2023
$50,000
$320,000
$100
SAFE
Seed
RegCF
$20
$6,900,000
20%
Company & Team
Company
- Year Founded
- 2021
- Industry
- Consumer Products, Goods & Services
- Tech Sector
- Distribution Model
- B2C
- Margin
- Medium
- Capital Intensity
- Low
Financials
-
Revenue
- $139,161
- Monthly Burn
- $18,765
-
Runway
- 0.4 months
- Gross Margin
- 54%
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $452,408
- VC Backed?
- Yes