RIZOME

RIZOME

Early Stage

Climate-Positive Bamboo Building Materials

Climate-Positive Bamboo Building Materials

Overview

Raised to Date: Raised: $1,045,090

Total Commitments ($USD)

Platform

StartEngine

Start Date

11/17/2021

Close Date

06/17/2022

Min. Goal
$10,000
Max. Goal
$3,931,701
Min. Investment

$250

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$0.38

Pre-Money Valuation

$32,792,395

Rolling Commitments ($USD)

Status
Funded
Reporting Date

06/29/2022

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$4,953

# of Investors

1,250

Momentum
Funded
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Year Founded

2013

Industry

Real Estate & Construction

Tech Sector

Cleantech

Distribution Model

B2B

Margin

Medium

Capital Intensity

High

Location

Lakewood Ranch, Florida

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: 11/17/2021
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
RIZOME 06/16/2022 StartEngine $32,792,395 $1,045,090 Equity - Common Funded RegCF
RIZOME 08/26/2021 Wefunder $27,000,000 $1,112,750 Convertible Note Funded RegCF
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Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Valuation History

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Employee History

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Rizome on StartEngine 2021
Platform: StartEngine
Security Type: Equity - Common
Valuation: $32,792,395
Price per Share: $0.38

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