Recycle Local
About this raise
Recycle Local is raising funds on Honeycomb. The company is focused on hyper-local textile recycling in Pennsylvania. Recycle Local is committed to innovating quality and packaging standards in the secondhand textile, clothing, shoes, and reusable household items industry and has played a vital role in reducing landfill waste by promoting responsible recycling practices. The company also incentivizes community recycling partners to create job opportunities for special needs individuals and has collaborated with local non-profits to raise more than $500,000 for its community partners. Adam Santee founded Recycle Local in March 2013. The current crowdfunding round has a minimum target of $40,000 and a maximum target of $60,000. The campaign proceeds will be used for community recycling bins.
Investment Overview
Committed : $36,135
Deal Terms
Total Commitments
- Platform
- Honeycomb
- Start Date
- 04/01/2025
- Close Date
- 05/01/2025
$40,000
$60,000
$100
Debt
Quarterly
RegCF
10.50%
3.0 years
Company & Team
Company
- Year Founded
- 2013
- Industry
- Consumer Products, Goods & Services
- Tech Sector
- Distribution Model
- B2B/B2C
- Margin
- Medium
- Capital Intensity
- Low
Financials
- Revenue +28% YoY
-
$1,150,218
as of FY2024
- Monthly Burn
-
$197
as of FY2024
-
Runway
-
24+ months
as of FY2024
- Gross Margin
-
11%
as of FY2024
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $0
- VC Backed?
- No
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 05/01/2025 | Honeycomb | - | $36,135 | Debt | Active | RegCF |