PittMoss

PittMoss

Early Stage

PitttMoss is a top performing upcycled soil made from organic, recycled paper

PitttMoss is a top performing upcycled soil made from organic, recycled paper

Overview

Raised to Date: Raised: $292,660

Total Commitments ($USD)

Platform

StartEngine

Start Date

03/19/2023

Close Date

04/29/2023

Min. Goal
$10,000
Max. Goal
$1,235,000
Min. Investment

$200

Security Type

Convertible Note

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$15,000,000

Discount

15%

Rolling Commitments ($USD)

Status
Funded
Reporting Date

04/30/2023

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$7,138

# of Investors

324

Momentum
Funded
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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, with a valuation of $15 million, is raising funds on StartEngine. 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 experienced 40-50% annual growth in sales and has generated over $3 million in revenue to date. 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 $1.24 million. The campaign proceeds will be used for marketing, company employment, inventory, public relations, and working capital.

Summary Profit and Loss Statement

FY 2021 FY 2020

Revenue

$934,960

$563,821

COGS

$888,372

$445,309

Tax

$0

$0

 

 

Net Income

$-1,133,416

$-897,776

Summary Balance Sheet

FY 2021 FY 2020

Cash

$227,146

$271,009

Accounts Receivable

$157,781

$157,183

Total Assets

$892,416

$897,290

Short-Term Debt

$316,947

$120,855

Long-Term Debt

$996,596

$465,568

Total Liabilities

$1,313,543

$586,423

Financials as of: 03/19/2023
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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 StartEngine 2023
Platform: StartEngine
Security Type: Convertible Note
Valuation: $15,000,000

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