ReNewSnow
Early Stage
Virtually no carbon, low cost snowmaking
Overview
Raised: $100,600
Total Commitments ($USD)
Platform
Infrashares
Start Date
03/30/2022
Close Date
08/31/2022
Min. Goal
$600,000
Max. Goal
$1,070,000
Min. Investment
$100
Security Type
Equity - Common
Series
Seed
SEC Filing Type
RegCF
Price Per Share
$10.00
Pre-Money Valuation
$10,000,000
Rolling Commitments ($USD)
Status
Not Funded
Reporting Date
09/03/2022
Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise
$658
Momentum
Not Funded
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Year Founded
2017
Industry
Energy, Power, & Natural Resources
Tech Sector
Cleantech
Distribution Model
B2B
Margin
Medium
Capital Intensity
High
ReNewSnow, with a valuation of $10 million, is raising funds on InfraShares. The company uses its patented technology to make no-carbon low-cost snow. The company’s patented system, SnowPod, aims to reverse the age-old process of snowmaking, lower the cost of snowmaking by 30%, and dramatically reduce the carbon footprint. ReNewSnow’s technology is reengineering the way water is sourced by making high-elevation water easy to source. Vittorio Pareto founded ReNewSnow in July 2017. The current crowdfunding campaign has a minimum target of $600,000 and a maximum target of $1,070,000. The campaign proceeds will be used to develop and market the delivery of high elevation water to ski areas for the purpose of snowmaking.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-6,498 |
$-7,813 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$28,334 |
$34,832 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$28,334 |
$34,832 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$0 |
$0 |
Financials as of: 03/30/2022
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