PittMoss (2020)

About this raise

PittMoss, with a $7 million valuation cap, is raising funds on Republic. The company makes next-generation soils that are good for the plants and the planet. The PittMoss soils are made from upcycled material and allow more air, water, and nutrients to reach the plants. The products of PittMoss are made from locally-sourced ingredients, like organic paper waste, which are then broken down, processed, and recycled. PittMoss was founded by Mont Handley in January 2015 and has raised over $4.45 million since its inception. The current round of crowdfunding has a minimum goal of $25,000 and a maximum goal of $1,070,000, and the proceeds will be used to expand the sales, marketing, production, and distribution efforts. PittMoss is already selling in more than 150 stores in 22 states of the US and has generated over $900,000 in revenue to date.

Investment Overview

Invested this round: $240,457

Deal Terms
Company & Team

Total Commitments

Platform: Republic
Start Date: 05/20/2020
Close Date: 08/15/2020

Min. Goal
$25,000

Max Goal
$1,070,000

Min. Investment

$100

Security Type

SAFE

Series

Seed

SEC Filing Type

RegCF

Valuation Cap

$7,000,000

Discount

Company

Year Founded: 2015
Industry: Farming & Agriculture
Tech Sector: AgriTech
Distribution Model: B2B/B2C
Margin: Medium
Capital Intensity: High
Location: Ambridge, Pennsylvania
Business Type: Growth
Company Website: Visit Website

Team

Employees: 10

Founder Name: Mont Handley
Title: Inventor

Financials

Revenue +38% YoY: $408,222
Monthly Burn: $60,237
Runway: 3.6 months

View Detailed Financials

Summary Profit and Loss Statement

	Most Recent Year	Prior Year
Revenue	$408,222	$296,267
COGS	$0	$0
Tax	$0	$0


Net Income	$-722,846	$-857,784

Summary Balance Sheet

	Most Recent Year	Prior Year
Cash	$216,049	$294,121
Accounts Receivable	$165,348	$111,022
Total Assets	$858,236	$946,531
Short-Term Debt	$79,338	$99,029
Long-Term Debt	$0	$0
Total Liabilities	$79,338	$99,029

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Ratings

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

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Revenue
Valuation
Employees

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Valuation History

Employee History

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View on Republic

SAFE, $7M • Closed

13 Following

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108 Invested

Deal Considerations

1
Key Challenges
- Try Edge free for 7 days
Other Risks
- No other risks found

PittMoss (2020)

PittMoss (2020)

About this raise