About this raise
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.
Investment Overview
Invested : $4,999,968
Deal Terms
Total Commitments
- Platform
- StartEngine
- Start Date
- 06/21/2022
- Close Date
- 07/20/2023
$10,000
$5,000,000
$100
Equity - Common
Seed
RegCF
$1.00
$40,000,000
Company & Team
Company
- Year Founded
- 2021
- Industry
- Industrial Services
- Tech Sector
- Distribution Model
- B2B
- Margin
- Medium
- Capital Intensity
- High
Financials
-
Revenue
- $14,945
- Monthly Burn
- $28,639
-
Runway
- 1.1 months
- Gross Margin
- 87%
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Look at the closest piece of plastic around you. It may be a single-use bag, a disposable package, or a pill container. Whatever it is, it will probably end up in a landfill. The plastic economy is a “take-make-waste” model. Only one out of every 10 plastic items is recycled, and the rest take up to 500 years to degrade into microplastics that can be toxic to humans. And every year, we eat, drink, and breathe 74,000 pieces of microplastic.
Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $500,000
- VC Backed?
- No
Growth Charts
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.
Valuation History
Price per Share History
Note: Share prices shown in earlier rounds may not be indicative of any stock splits.
Employee History
Founder Interview
Timeplast Founder Manuel Rendon on Dissolving the Plastic Problem
Plastic helps us carry groceries home, protect smartphones, and get from place to place. It is deeply integrated into daily life -- but it’s also becoming further embedded into both the environment and people’s bodies. Plastic is so prevalent that it can be found in human blood, and the average individual is expected to eat more than 40 pounds of it in their lifetime.Timeplast is working on an alcohol-based, water-soluble plastic alternative. Its patented material is versatile and completely dissolves in 12 hours -- not so fast that it can't serve its purpose but fast enough to conveniently get rid of. We reached out to founder, inventor, and CEO Manuel Rendon to hear more about Timeplast’s applications and how it can conserve energy.
Note: This interview was conducted over phone and email. It has been lightly edited for clarity and length.