Phuc Labs
Digitally recovering resources from waste, making ecological vitality profitable
Overview
Raised: $184,044
Total Commitments ($USD)
Republic
10/07/2022
02/07/2023
$25,000
$1,235,000
$100
SAFE
Seed
RegCF
$18,000,000
0%
Rolling Commitments ($USD)
02/28/2023
736%
15%
$1,496
443
2020
Energy, Power, & Natural Resources
AutomationTech
B2B
Low
High
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-536,972 |
$-82,662 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$44,832 |
$27,833 |
|
Accounts Receivable |
$314,000 |
$100,000 |
|
Total Assets |
$366,074 |
$127,833 |
|
Short-Term Debt |
$25,624 |
$60,413 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$25,624 |
$60,413 |
Upgrade to gain access
-
$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
-
$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
Edge Pro
Ratings 
Wall Street has Morningstar, S&P, and Bloomberg
The equity crowdfunding market has KingsCrowd.
Analyst Report
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.
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.