PANGEA Movement

PANGEA Movement

Early Stage

Turning Trash into High Quality Sustainable Products

Turning Trash into High Quality Sustainable Products

Overview

Raised to Date: Raised: $555,076

Total Commitments ($USD)

Platform

Wefunder

Start Date

05/10/2023

Close Date

11/29/2023

Min. Goal
$50,000
Max. Goal
$320,000
Min. Investment

$100

Security Type

SAFE

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Early Bird Val. Cap

$20

Valuation Cap

$6,900,000

Discount

20%

Rolling Commitments ($USD)

Status
Funded
Reporting Date

12/02/2023

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$2,734

# of Investors

881

Momentum
Funded
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Year Founded

2021

Industry

Consumer Products, Goods & Services

Tech Sector

Cleantech

Distribution Model

B2C

Margin

Medium

Capital Intensity

Low

Location

Dover, Delaware

Business Type

Growth

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: 05/10/2023
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
PANGEA Movement 11/29/2023 Wefunder $6,900,000 $555,076 SAFE Funded RegCF
PANGEA Movement 08/18/2022 Wefunder $6,400,000 $293,858 SAFE Funded RegCF
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PANGEA Movement on Wefunder 2023
Platform: Wefunder
Security Type: SAFE
Valuation: $6,900,000

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