PurposeEnergy
Growth Stage
Digest this.
Analytics
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
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
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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