Overview

Raised to Date: Raised: $15,700

Deal Terms

Investment Momentum

Company Profile

Deal Summary

Financials

Funding History

Growth Charts

Total Commitments ($USD)

Platform

Raise Green

Start Date

01/25/2023

Close Date

07/27/2023

Min. Goal

$10,000

Max. Goal

$124,000

Min. Investment

$500

Security Type

SAFE

Series

Seed

SEC Filing Type

RegCF    

Valuation Cap

$15,000,000

Discount

20%

Rolling Commitments ($USD)

Status

Funded

Reporting Date

07/30/2023

Days Remaining

Funded

% of Min. Goal

Funded

% of Max. Goal

Funded

Likelihood of Max

Funded

Avg. Daily Raise

$86

Momentum

Funded

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Greener Process Systems

Year Founded

2021

Industry

Energy, Power, & Natural Resources

Tech Sector

Cleantech

Distribution Model

B2B

Margin

Low

Capital Intensity

High

Location

Boca Raton, Florida

Business Type

Growth

Company Website

Greener Process Systems, with a valuation of $15 million, is raising funds on Raise Green. It is an eco-engineering company that has developed a cutting-edge system to reduce port air pollution. The innovative system of Greener Process Systems captures air pollution from oceangoing ships docked in ports, improves air quality, and prevents health implications. Greener Process Systems has already received a $10 million purchase order to install all three versions of its SETH system in the EU over the next 18-24 months. Matt Sweetwood founded Greener Process Systems in May 2021. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $573,000. The campaign proceeds will be used for operations, patents, business development, research and development, and systems build.

Summary Profit and Loss Statement

	FY 2022	FY 2021
Revenue	$75,265	$29,941
COGS	$30,598	$9,223
Tax	$0	$0
Net Income	$-364,258	$-8,973

Summary Balance Sheet

	FY 2022	FY 2021
Cash	$76,549	$16,427
Accounts Receivable	$0	$0
Total Assets	$76,549	$16,427
Short-Term Debt	$0	$0
Long-Term Debt	$472,500	$0
Total Liabilities	$472,500	$0

Financials as of: 01/25/2023

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Raise History

Offering Name	Close Date	Platform	Valuation/Cap	Total Raised	Security Type	Status	Reg Type
Greener Process Systems	07/26/2023	Raise Green	$15,000,000	$15,700	SAFE	Funded	RegCF
Greener Process Systems	11/20/2022	StartEngine	$20,003,100	$44,468	Equity - Common	Funded	RegCF

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• Price per Share
• Valuation
• Revenue
• Employees

Price per Share Valuation Revenue Employees

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

Greener Process Systems Founder Matt Sweetwood on Reducing Ship Emissions

When you think of air pollution, what images come to mind? A congested highway full of cars? A derailed train in an explosion of smoke? What about a ship at port?

Massive container ships around the world pollute the air on a regular basis. The Ports of Long Beach and Los Angeles, two of the busiest ports in the U.S., produce more than 100 tons of smog and other contaminants every day. The impact is roughly equal to that of 6 million cars on the roads across the region each day. 

Greener Process Systems aims to tackle this issue using ship emissions capture technology. KingsCrowd interviewed company CEO and director Matt Sweetwood to learn more about its innovative approach to reduce maritime emissions.

Note: This interview was conducted over phone and email. It has been lightly edited for clarity and length.

Read Founder Interview