Phuc Labs

Early Stage

Digitally recovering resources from waste, making ecological vitality profitable


Raised to Date: Raised: $184,044

Total Commitments ($USD)



Start Date


Close Date


Min. Goal


Max. Goal


Min. Investment


Security Type




SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap




Rolling Commitments ($USD)

Reporting Date


Days Remaining
% of Min. Goal


% of Max. Goal


Likelihood of Max
Avg. Daily Raise


# of Investors


Create a free account today to gain access to KingsCrowd analytics.
Year Founded



Energy, Power, & Natural Resources

Tech Sector


Distribution Model




Capital Intensity



Boston, Massachusetts

Business Type


Phuc Labs, with a valuation of $18 million, is raising funds on Republic. The company has modernized recycling technology for e-waste and valuable earth metals. The technology of Phuc Labs is a digital innovation and uses computer vision and robotics to identify and recover resources from waste with high accurate and low energy. The technology, Vision Valve, analyzes the resource particles and directs them through robotic valves to the correct output tank. Phuc Vinh Truong founded Phuc Labs in November 2020. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $1.24 million. The campaign proceeds will be used to scale the customer pipeline, expand the team, and expand the IP portfolio.

Summary Profit and Loss Statement

Most Recent Year Prior Year












Net Income



Summary Balance Sheet

Most Recent Year Prior Year




Accounts Receivable



Total Assets



Short-Term Debt



Long-Term Debt



Total Liabilities



Financials as of: 10/07/2022
Create a free account today to gain access to KingsCrowd analytics.

Upgrade to gain access

Pay Monthly
Annually (Save 17%)


$12.42 /month
billed annually
Free portfolio tracking and KingsCrowd's quantitative ratings on all raises.
Plan Includes:
Everything in Free, plus
Company specific KingsCrowd ratings (excluding risk)
Advanced company search ( with ratings)
Markets page filters and historical industry data
Get Edge Annual

Edge Pro

$41.58 /month
billed annually
Full site access including KingsCrowd's qualitative analyst reports.
Plan Includes:
Everything in Edge, plus
Full access to detailed Analyst Reports (e.g. Top Deal, Deal to Watch, Neutral, and Underweight)
Search and filter based on Analyst Reports
In-depth risk ratings for every raise
Get Edge Pro Annual
Already a member? Log in here.

Ratings KingsCrowd Startup Rating Methodology Article

Analyst Report Analyst Report Methodology Article

Humans produced 53.6 million tons of e-waste in 2019 and will produce 74.7 million tons yearly by 2030. So I try to keep a good conscience by not overconsuming electronics. But my good deeds will not change the rare metals supply chain.

Hopefully, seeing the glass half empty or half full is a matter of choice — and startup innovation might help it look fuller. E-waste is actually a gold mine of opportunity. As you might know, extracting these metals from the planet is costly. And like anything rare, they have a high value on the market. The price of gold reached new highs in 2022, the price of copper is in its highest range, and palladium is twice more expensive now than in 2018.

If the e-waste from electronics — which includes those precious metals — could be sorted and recycled, it would provide a lot of value. That’s why I’m excited to introduce Phuc Labs to you. This startup has new technology that can get the most out of e-waste.

Requires Edge Pro Upgrade to view full report

Founder Profile

Phuc Labs Co-founder Phuc Thien Truong Is Improving E-waste Recycling

What do metal ore and smartphones have in common? They both have small amounts of rare metals inside. But smartphones -- along with most other electronics -- end up in the trash with those rare metals still inside. More than 50 million tons of electronic waste (e-waste) are thrown out worldwide every year, most of it containing metal that can be reused. 

That’s where Phuc Labs comes in. The company has developed a patented artificial intelligence and robotic technology that can pick out and sort precious metals from e-waste. We spoke with the company’s co-founder and Head of Business Phuc Thien Truong about how this technology can be used now and in the future. 

Note: This interview was conducted over phone and email. It has been lightly edited for clarity and length.

Read Founder Interview

Are you the founder of Phuc Labs? Create your account today to claim this raise page.

Create your first portfolio

Create your very own investment portfolio on KingsCrowd.

Now you can track all of your startup investments in one place utilizing our state-of-the-art portfolio tracker tools. To begin, create your first portfolio below.

Add to portfolio
Phuc Labs on Republic 2022
Platform: Republic
Security Type: SAFE
Valuation: $18,000,000

Follow company

Follow Phuc Labs on Republic 2022
View on Republic (Closed)