Aggregate Commitments $
Wefunder
02/24/2021
04/30/2021
$250,000
$1,070,000
$100
Convertible Note
RegCF
Pre-Seed
$27,000,000
12%
Rolling Commitments $
Active
04/21/2021
6
295%
69%
$13,169
380
Lakewood Ranch, Florida
Real Estate & Construction
Cleantech
B2B
Medium
High
Growth
RIZOME, with a $27 million valuation cap, is raising funds on Wefunder. The company aims to use engineered bamboo lumber as the primary global construction material. The new material will help to build climate-positive buildings and cities and launch regenerative urban development. Troy Carter and Russell Smith founded RIZOME in 2013. The current crowdfunding round of the company has a minimum goal of $250,000 and a maximum goal of $1,070,000, and the proceeds will be used towards manufacturing equipment, team and salaries, and carbon and planting. RIZOME hopes to become profitable by June 2021, along with keeping up with its mission to remove ten gigatons of CO2 by 2050.
Summary Profit and Loss Statement
|
Revenue |
$3,546 |
$0 |
|
COGS |
$5,831 |
$0 |
|
Tax |
$0 |
$0 |
|
|
||
|
|
||
|
Net Income |
$-264,369 |
$-54,653 |
Summary Balance Sheet
|
Cash |
$86,512 |
$3,046 |
|
Accounts Receivable |
$221,193 |
$0 |
|
Total Assets |
$355,121 |
$44,026 |
|
Short-Term Debt |
$434,624 |
$171,392 |
|
Long-Term Debt |
$350,696 |
$25,000 |
|
Total Liabilities |
$785,320 |
$196,392 |
