StarchTek
Early Stage
Replacing plastics with biomaterials
Analytics
Raised: $87,995
Aggregate Commitments $
Platform
StartEngine
Start Date
06/06/2022
Close Date
09/01/2022
Min. Goal
$10,000
Max. Goal
$1,070,000
Min. Investment
$500
Security Type
Equity - Common
Funding Type
RegCF
Series
Seed
Price Per Share
$10.00
Pre-Money Valuation
$10,622,670
Rolling Commitments $
Status
Active
Reporting Date
06/25/2022
Days Remaining
68
% of Min. Goal
880%
% of Max. Goal
8%
Likelihood of Max
Avg. Daily Raise
$4,631
Momentum
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Location
Wilmington, Delaware
Industry
Consumer Products, Goods & Services
Tech Sector
Cleantech
Distribution Model
B2B
Margin
Medium
Capital Intensity
High
StarchTek, with a valuation of $10.6 million, is raising funds on StartEngine. The company is developing an innovative starch-based manufacturing licensing solution as an alternative to Styrofoam. The business is in the prototyping stage and using its sustainable, patented formulations, extrusion process, and proprietary equipment to replace plastics with biomaterials. StarchTek’s StarchaFoam aims to protect packaging along with protecting the environment. John Danny Dubuk founded StarchTek in October 2020. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $1,070,000. The campaign proceeds will be used for growth and expansion.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-203,314 |
$-25,134 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$694 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$8,186 |
$9,807 |
|
Short-Term Debt |
$183,832 |
$23,992 |
|
Long-Term Debt |
$41,600 |
$0 |
|
Total Liabilities |
$225,432 |
$23,992 |
Financials as of: 06/06/2022
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