PittMoss

PittMoss

Early Stage

A revolutionary new growing media

A revolutionary new growing media

Overview

Raised this Round: Raised: $240,457

Total Commitments ($USD)

Platform

Republic

Start Date

05/19/2020

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    Open SEC Filing

Valuation Cap

$7,000,000

Discount

0%

Year Founded

2015

Industry

Farming & Agriculture

Tech Sector

AgriTech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

High

Location

Ambridge, Pennsylvania

Business Type

Growth

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.

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

Financials as of: 05/19/2020
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
PittMoss 04/27/2024 PicMii - $32,500 SAFE Funded 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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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

Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Employee History

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PittMoss on Republic
Platform: Republic
Security Type: SAFE
Valuation: $7,000,000

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