PittMoss (2024)
About this raise
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.
Investment Overview
Invested : $32,500
Deal Terms
Total Commitments
- Platform
- PicMii
- Start Date
- 11/28/2023
- Close Date
- 04/28/2024
$10,000
$325,000
$500
SAFE
Seed
RegCF
Uncapped
15%
Company & Team
Company
- Year Founded
- 2015
- Industry
- Farming & Agriculture
- Tech Sector
- Distribution Model
- B2B/B2C
- Margin
- Low
- Capital Intensity
- Low
Financials
- Revenue +55% YoY
- $1,446,030
- Monthly Burn
- $115,945
-
Runway
- 4 months
- Gross Margin
- 9%
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $6,507,171
- VC Backed?
- No
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 04/28/2024 | PicMii | - | $32,500 | SAFE | Funded | RegCF |
| 04/30/2023 | StartEngine | $15,000,000 | $292,660 | Convertible Note | Funded | RegCF |
| 11/08/2021 | Republic | $7,500,000 | $500,000 | SAFE | Funded | RegCF |
| 08/15/2020 | Republic | $7,000,000 | $240,457 | SAFE | Funded | RegCF |