PurposeEnergy

Growth Stage

Digest this.

Analytics

Raised to Date: Raised: $2,235

Aggregate Commitments $

Platform

StartEngine

Start Date

05/13/2022

Close Date

08/10/2022

Min. Goal

$10,000

Max. Goal

$1,069,998

Min. Investment

$250

Security Type

Equity - Common

Funding Type

RegCF

Series

Seed

Price Per Share

$2.00

Pre-Money Valuation

$16,780,076

Rolling Commitments $

Status

Active

Reporting Date

05/26/2022

Days Remaining

76

% of Min. Goal

22%

% of Max. Goal

0%

Likelihood of Max
unlikely
Avg. Daily Raise

$172

Momentum
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Location

Williston, Vermont

Industry

Energy, Power, & Natural Resources

Tech Sector

Cleantech

Distribution Model

B2B

Margin

Low

Capital Intensity

High

Business Type

Growth

PurposeEnergy, with a valuation of $16.8 million, is raising funds on StartEngine. The company develops solutions that change food and beverage manufacturing waste into renewable energy, clean water, and fertilizer. The solutions of PurposeEnergy reduce the cost of waste remediation and produce carbon-neutral biogas to replace fossil fuels. The Tribrid-Bioreactor of PurposeEnergy has three primary configurations, including magnumDigester, metaDigester, and mobiDigester. Eric Fitch founded PurposeEnergy in June 2007. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $1,069,998. The campaign proceeds will be used to hire and train staff at the existing facilities.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$2,827,901

$1,571,648

COGS

$2,436,451

$1,328,894

Tax

$7,484

$3,951

 

 

Net Income

$-221,173

$-562,815

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$220,087

$249,494

Accounts Receivable

$474,058

$202,291

Total Assets

$5,431,615

$3,003,520

Short-Term Debt

$261,544

$903,617

Long-Term Debt

$2,356,655

$1,523,883

Total Liabilities

$2,618,199

$2,427,500

Financials as of: 05/13/2022
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PurposeEnergy on StartEngine 2022
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Platform: StartEngine
Security Type: Equity - Common
Valuation: $16,780,076

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