PurposeEnergy

PurposeEnergy

Growth Stage

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Overview

Raised this Round: Raised: $13,606

Total Commitments ($USD)

Platform

StartEngine

Start Date

05/12/2022

Close Date

08/10/2022

Min. Goal
$10,000
Max. Goal
$1,069,998
Min. Investment

$250

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$2.00

Pre-Money Valuation

$16,780,076

Year Founded

2007

Industry

Energy, Power, & Natural Resources

Tech Sector

Cleantech

Distribution Model

B2B

Margin

Low

Capital Intensity

High

Location

Williston, Vermont

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: 05/12/2022
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PurposeEnergy on StartEngine 2022
Platform: StartEngine
Security Type: Equity - Common
Valuation: $16,780,076
Price per Share: $2.00

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

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