Timeplast

Early Stage

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

Analytics

Raised to Date: Raised: $817,615

Aggregate Commitments $

Platform

StartEngine

Start Date

06/21/2022

Close Date

01/13/2023

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

11/30/2022

Days Remaining

44

% of Min. Goal

8,176%

% of Max. Goal

76%

Likelihood of Max
possible
Avg. Daily Raise

$5,047

# of Investors

1,235

Momentum
hot.svg
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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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Ratings KingsCrowd Startup Rating Methodology Article

Analyst Report Analyst Report Methodology Article

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. 

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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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