EarthWise

Sustainable Sorbent Technologies

Analytics

Raised to Date: $54,686

Aggregate Commitments $
Platform

StartEngine

Start Date

02/09/2021

Close Date

04/30/2021

Min. Goal

$9,998

Max. Goal

$1,069,995

Min. Investment

$248

Security Type

Equity - Common

Funding Type

RegCF

Series

Seed

Pre-Money Valuation

$33,000,000

Rolling Commitments $
Status

Active

Reporting Date

04/21/2021

Days Remaining

7

% of Min. Goal

547%

% of Max. Goal

5%

Likelihood of Max
unlikely
Avg. Daily Raise

$770

# of Investors

83

Momentum
cold
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Location

Oceanside, California

Industry

Energy, Power, & Natural Resources

Tech Sector

Non-Tech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

High

Business Type

Growth

EarthWise, with a pre-money valuation of $33 million, is raising crowdfunding on StartEngine. The company makes sustainable sorbents using recycled and repurposed materials. The products are used to clean up oil and chemical spills hassle-free. Jim Mullen founded EarthWise in 2017. The proceeds of the current crowdfunding round, with a minimum raise of $9,997.50 and a maximum raise of $1,069,995, will be used for scaling globally and capitalizing on the strategic partnerships to penetrate the market. EarthWise has partnered with the largest sorbent manufacturer in the world, NPS Corporation, to produce its products. The focus of the company is to promote sustainability without compromising on quality.
Summary Profit and Loss Statement
Most Recent Year Prior Year

Revenue

$11,250

$144

COGS

$11,372

$2,424

Tax

$0

$0

 

 

Net Income

$-112,237

$-25,575

Summary Balance Sheet
Most Recent Year Prior Year

Cash

$0

$879

Accounts Receivable

$6,532

$0

Total Assets

$86,630

$5,760

Short-Term Debt

$7,104

$1,648

Long-Term Debt

$216,538

$28,887

Total Liabilities

$223,642

$30,535

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