PittMoss

PittMoss

Growth Stage

Up-cycled peat-free potting mixes

Up-cycled peat-free potting mixes

Overview

Raised to Date: Raised: $21,500

Total Commitments ($USD)

Platform

PicMii

Start Date

11/27/2023

Close Date

03/31/2024

Min. Goal
$10,000
Max. Goal
$325,000
Min. Investment

$500

Security Type

SAFE

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

Uncapped

Discount

15%

Rolling Commitments ($USD)

Status

Active

Reporting Date

02/22/2024

Days Remaining

38

% of Min. Goal

215%

% of Max. Goal

7%

Likelihood of Max
unlikely
Avg. Daily Raise

$247

Momentum
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Year Founded

2015

Industry

Farming & Agriculture

Tech Sector

AgriTech

Distribution Model

B2B/B2C

Margin

Low

Capital Intensity

Low

Location

Ambridge, Pennsylvania

Business Type

Growth

PittMoss is raising funds on PicMii. The company makes next-generation soils that are good for the plants and the planet. The PittMoss soils are made from upcycled material, like organic paper waste, and allow more air, water, and nutrients to reach the plants. PittMoss has been generating revenue since 2016 and has been increasing the revenue by an average of 40% year-over-year. The company’s soil has been cited as the “Best overall potting soil” by Better Homes & Gardens and can be used as the base material for other soil brands in the world. Mont Handley and Brian Scott founded PittMoss in January 2015. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $325,000. The campaign proceeds will be used for marketing, company employment, inventory, public relations, and working capital.

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$1,446,030

$934,960

COGS

$1,319,800

$888,372

Tax

$0

$0

 

 

Net Income

$-1,391,342

$-1,133,416

Summary Balance Sheet

FY 2022 FY 2021

Cash

$467,865

$227,146

Accounts Receivable

$221,672

$157,781

Total Assets

$1,653,768

$892,416

Short-Term Debt

$1,063,583

$320,452

Long-Term Debt

$1,468,127

$993,091

Total Liabilities

$2,531,710

$1,313,543

Financials as of: 11/27/2023
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
PittMoss 03/31/2024 PicMii - $21,500 SAFE Active RegCF
PittMoss 04/29/2023 StartEngine $15,000,000 $292,660 Convertible Note Funded RegCF
PittMoss 11/07/2021 Republic $7,500,000 $500,000 SAFE Funded RegCF
PittMoss 08/14/2020 Republic $7,000,000 $240,457 SAFE Funded RegCF
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PittMoss on PicMii 2023
Platform: PicMii
Security Type: SAFE

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