Growth Stage

Circular Economic Surplus Asset Management

Circular Economic Surplus Asset Management


Raised to Date: Raised: $192,585

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Equity - Common



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RegCF    Open SEC Filing

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Year Founded



Business Services, Software, & Applications

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Temecula, California

Business Type


REUZEit, with a valuation of $40 million, is raising funds on StartEngine. The company is engaged in the business of surplus asset management of life science and pharmaceutical companies. The company’s platform offers its asset lifecycle service and helps in reselling and redeploying equipment from upstream clients to downstream customers in the industry. The aim of REUZEit is to reduce waste, save money, improve sustainability, and increase organic productivity. Justin Andrews and Ryan Andrews founded REUZEit in October 2020. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $1.24 million. The campaign proceeds will be used to build the team, increase brand awareness, and expand IT and operational infrastructure.

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Financials as of: 11/17/2022
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Ratings KingsCrowd Startup Rating Methodology Article

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Analyst Report Analyst Report Methodology Article

Bootstrapping — growing a business with limited personal funds and organic growth — forces founders to carefully control their spending on the road to profitability. And because they’re not spending much, they can sometimes reach profitability sooner than startups that prioritize growth. 

But investors must remember that while rapidly growing companies often struggle to become profitable, profitable companies can also struggle to grow. REUZEit, the company we’re looking at today, was profitable in 2020 with $6.8 million in revenue. The following year, its revenue flattened and it lost money. But 2021 was a tough year for many companies — startups and established companies alike. In 2022, REUZEit’s revenue jumped to $8.5 million, and it cut its losses in half. 

This may be a sign of good things to come. But can REUZEit maintain — or preferably increase — its 2022 growth rate and become profitable? And can it grow big enough to provide investors with at least a 10x return on their investment?

Founder Profile

REUZEit Co-founder Justin Andrews on Confronting Overproduction

Since we’re all scrambling to plan for the year ahead, it’s easy to forget what we left behind in 2022 — including 268 million tons of trash. But that garbage won’t go anywhere even if we ignore it. As you read this, landfills are releasing methane into the atmosphere, contaminating increasingly precious water sources, and damaging ecosystems. 

One company wants science and pharmaceutical companies to pause before storing or tossing equipment and ask, “What if I could sell this?” REUZEit is a platform that takes that equipment, reconditions it, and redeploys it or helps owners sell it. We reached out to CEO and co-founder Justin Andrews to hear about who inspired REUZEit and the company’s goals for 2023.

Note: This interview was conducted over phone and email. It has been lightly edited for clarity and length.

Read Founder Interview

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REUZEit on StartEngine 2022
Platform: StartEngine
Security Type: Equity - Common
Valuation: $40,000,000
Price per Share: $0.80

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Follow REUZEit on StartEngine 2022

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

REUZEit Deal Report

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