MF Fire

Neutral
BETA

Transforming Wood Heat into Clean Energy

Analytics

Raised to Date: $279,012

Aggregate Commitments $
Platform

StartEngine

Start Date

09/01/2020

Close Date

03/01/2021

Min. Goal

$9,999

Max. Goal

$1,069,999

Min. Investment

$288

Security Type

Equity - Common

Funding Type

RegCF

Series

Seed

Pre-Money Valuation

$12,659,391

Weekly Commitments $
Status

Active

Reporting Date

01/17/2021

Days Remaining

41

% of Min. Goal

2,790%

% of Max. Goal

26%

Likelihood of Max
Avg. Daily Raise

$2,022

# of Investors

379

Momentum
Location

Baltimore, Maryland

Industry

Energy, Power, & Natural Resources

Tech Sector

Cleantech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

High

Business Type

Growth

MF Fire, with a pre-money valuation of $12.7 million, is raising crowdfunding on StartEngine. The company makes smart wood burning technology products that help in transforming wood energy into clean energy. MF Fire’s smart wood stove is 90% efficient, much cleaner than traditional wood stoves, and provides 50% cost savings on fuel costs. Paul LaPorte, Ryan Fisher, and Dr Taylor Myers founded MF Fire in 2014. The current crowdfunding round has a minimum goal of $9,999.25 and a maximum goal of $1,069,999.10. MF Fire has experienced substantial revenue growth, with over 100% year-over-year growth in product line and employees. The technology is based on extensive research and data analysis.

Summary Profit and Loss Statement
Most Recent Year Prior Year

Revenue

$243,807

$146,642

COGS

$123,257

$41,470

Tax

$6,971

$15,966

 

 

Net Income

$-411,773

$-601,181

Summary Balance Sheet
Most Recent Year Prior Year

Cash

$73,306

$105,610

Accounts Receivable

$0

$0

Total Assets

$496,946

$392,686

Short-Term Debt

$0

$0

Long-Term Debt

$100,000

$0

Total Liabilities

$100,000

$100,000

Ratings

last updated 01/19/2021

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