Mycocycle

Neutral
BETA

Converting Waste Streams into Value

Analytics

Raised to Date: $351,504

Aggregate Commitments $
Platform

StartEngine

Start Date

12/01/2020

Close Date

04/30/2021

Min. Goal

$10,000

Max. Goal

$945,455

Min. Investment

$263

Security Type

Equity - Common

Funding Type

RegCF

Series

Seed

Pre-Money Valuation

$7,000,000

Weekly Commitments $
Status

Active

Reporting Date

02/24/2021

Days Remaining

64

% of Min. Goal

3,515%

% of Max. Goal

37%

Likelihood of Max
Avg. Daily Raise

$4,135

# of Investors

459

Momentum
Location

Bolingbrook, Illinois

Industry

Industrial Services

Tech Sector

Cleantech

Distribution Model

B2B

Margin

Medium

Capital Intensity

High

Business Type

Growth

Mycocycle, with a pre-money valuation of $7 million, is raising funds on StartEngine. The company uses a patent-pending technology based on mycelium, the underground part of mushrooms, to digest petroleum-based toxic chemicals, and convert waste into reusable byproducts. Joanne Rodriguez founded Mycocycle in June 2020. The current crowdfunding campaign has a minimum raise of $9,999.50 and a maximum raise of $945,455, and the proceeds will be used to treat more waste and grow aggressively. Mycocycle develops sustainable value streams and impacts people, planet, and profit by removing carbon from the waste products. The process is efficient and follows a closed-loop supply chain.

Summary Profit and Loss Statement
Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-76,226

$-34,000

Summary Balance Sheet
Most Recent Year Prior Year

Cash

$0

$0

Accounts Receivable

$0

$0

Total Assets

$11,964

$0

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0

Ratings

last updated 02/25/2021

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Analyst Report

Neutral
Ratings Platform - Beta Trial

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