Timeplast

Early Stage

Timeplast is a material that goes away within 60 hours of being discarded

Analytics

Raised to Date: Raised: $115,466

Aggregate Commitments $

Platform

StartEngine

Start Date

06/21/2022

Close Date

09/15/2022

Min. Goal

$10,000

Max. Goal

$1,070,000

Min. Investment

$100

Security Type

Equity - Common

Funding Type

RegCF

Series

Seed

Price Per Share

$1.00

Pre-Money Valuation

$40,000,000

Rolling Commitments $

Status

Active

Reporting Date

06/27/2022

Days Remaining

80

% of Min. Goal

1,155%

% of Max. Goal

11%

Likelihood of Max
likely
Avg. Daily Raise

$19,244

Momentum
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Location

Longwood, Florida

Industry

Industrial Services

Tech Sector

Cleantech

Distribution Model

B2B

Margin

Medium

Capital Intensity

High

Business Type

High Growth

Timeplast, with a valuation of $40 million, is raising funds on StartEngine. The company has developed a techno-organic material that goes away within 60 hours of being discarded. The material has the potential to replace all plastics and fully disintegrate in water. Timeplast is truly sustainable, self-disappearing, plastic-free, and bio-based. Manuel Rendon founded Timeplast in December 2021. 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 marketing, community outreach, app maintenance, and adding new app features.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$14,945

$0

COGS

$1,881

$0

Tax

$0

$0

 

 

Net Income

$-343,664

$-288,696

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$31,504

$257,849

Accounts Receivable

$0

$0

Total Assets

$31,504

$257,849

Short-Term Debt

$570,438

$530,000

Long-Term Debt

$0

$0

Total Liabilities

$570,438

$530,000

Financials as of: 06/21/2022
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Timeplast on StartEngine 2022
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Platform: StartEngine
Security Type: Equity - Common
Valuation: $40,000,000

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