Preserve

Preserve

Growth Stage

Everyday Products for a Better World

Everyday Products for a Better World

Overview

Raised to Date: Raised: $197,891

Total Commitments ($USD)

Platform

StartEngine

Start Date

03/26/2023

Close Date

06/25/2023

Min. Goal
$14,994
Max. Goal
$1,234,992
Min. Investment

$147

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$8.18

Pre-Money Valuation

$29,489,718

Rolling Commitments ($USD)

Status
Funded
Reporting Date

06/29/2023

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

$2,199

# of Investors

241

Momentum
Funded
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Year Founded

1996

Industry

Consumer Products, Goods & Services

Tech Sector

Cleantech

Distribution Model

B2C

Margin

Low

Capital Intensity

Low

Location

Waltham, Massachusetts

Business Type

Growth

Preserve, with a valuation of $29.49 million, is raising funds on StartEngine. The company makes stylish and eco-friendly household, personal care, and food service products. The products of Preserve are made using plant-based bioplastics, recycled materials, and ocean-diverted plastics and include shaving razors, manual toothbrushes, and single-use cutlery. Preserve has generated $108 million in lifetime revenue and reported a 16% year-over-year growth in revenue in 2022. Eric Hudson founded Preserve in January 1996. The current crowdfunding campaign has a minimum target of $14,993.94 and a maximum target of $1.23 million. The campaign proceeds will be used for research and development, marketing, production assets, and working capital.

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$8,415,980

$7,402,355

COGS

$6,217,501

$5,347,230

Tax

$0

$0

 

 

Net Income

$-315,450

$-323,499

Summary Balance Sheet

FY 2022 FY 2021

Cash

$76,711

$71,895

Accounts Receivable

$582,635

$610,165

Total Assets

$3,887,497

$4,356,686

Short-Term Debt

$1,758,630

$1,773,183

Long-Term Debt

$4,096,896

$4,290,571

Total Liabilities

$5,855,526

$6,063,754

Financials as of: 03/26/2023
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Preserve on StartEngine 2023
Platform: StartEngine
Security Type: Equity - Common
Valuation: $29,489,718
Price per Share: $8.18

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Follow Preserve on StartEngine 2023

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Warning: according to the close date for this deal, Preserve may no longer be accepting investments.

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