RIZOME

Early Stage

Climate-Positive Bamboo Building Materials

Analytics

Raised to Date: Raised: $216,342

Aggregate Commitments $

Platform

StartEngine

Start Date

11/18/2021

Close Date

02/16/2022

Min. Goal

$10,000

Max. Goal

$3,931,701

Min. Investment

$250

Security Type

Equity - Common

Funding Type

RegCF

Series

Seed

Pre-Money Valuation

$32,792,395

Rolling Commitments $

Status

Active

Reporting Date

12/05/2021

Days Remaining

73

% of Min. Goal

2,163%

% of Max. Goal

6%

Likelihood of Max
unlikely
Avg. Daily Raise

$12,726

Momentum
warm.svg
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Location

Lakewood Ranch, Florida

Industry

Real Estate & Construction

Tech Sector

Cleantech

Distribution Model

B2B

Margin

Medium

Capital Intensity

High

Business Type

Growth

Rizome, with a valuation of $32.8 million, is raising funds on StartEngine. The company makes the perfect wood alternative that is strong, beautiful, and sustainable. The business is bringing the benefits of bamboo to the construction industry with its regenerative properties and ability to draw down carbon. The engineered bamboo lumber of Rizome meets all the industrial requirements and supports the global efforts to reduce carbon dioxide levels. Russell Smith, Frederick Murrell, and David Sands founded Rizome in 2013. The current crowdfunding campaign has a minimum target of $9,999.70 and a maximum target of $3,931,700.78. The campaign proceeds will be used for growth and expansion.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$65,615

$3,546

COGS

$37,628

$5,831

Tax

$0

$0

 

 

Net Income

$-922,433

$-264,843

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$490,242

$83,430

Accounts Receivable

$20,000

$0

Total Assets

$556,472

$352,331

Short-Term Debt

$674,903

$434,624

Long-Term Debt

$1,238,066

$350,696

Total Liabilities

$1,912,969

$785,320

Financials as of: 11/18/2021
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
RIZOME 02/16/2022 StartEngine $32,792,395 $216,342 Equity - Common Active RegCF
RIZOME 08/27/2021 Wefunder $27,000,000 $1,112,750 Convertible Note Funded RegCF
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Rizome on StartEngine 2021
$
Platform: StartEngine
Security Type: Equity - Common
Valuation: $32,792,395
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