Circular Economic Surplus Asset Management

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Security Type
Common Stock
Min Investment
Offering Date
November 17, 2022
Expected Close Date
February 15, 2023
Target Raise
No. Investors
Security Price
Number of Employees
Short Term Debt
Cost of Goods
Long Term Debt
Net Income

Company Description

REUZEit (pronounced “Re Use It” ) started in 2010 and incorporated in 2014, serving large organizations in the Life Science and Pharmaceutical Industries. REUZEit is currently in the market with our asset lifecycle service, and we are building what we believe is one of the world's largest B2B circular economic platforms to manage technology's most valuable scientific and pharmaceutical equipment.

Key Deal Facts

The REUZEit platform resells and redeploys equipment from upstream clients to downstream customers in these industries, with the goal to reduce waste and save money all around. REUZEit and its industry-leading clients are growing integrated systems and workflows, focused on improving sustainability and organic productivity.

The global laboratory supplies market was estimated at $32.6 billion in 2021, growing at a CAGR of 7.5%. (source)

For seven years now, REUZEit has been able to VET our software and services with a few of the largest life sciences companies in the world. This has allowed us to build a copy-and-paste scale plan to bring in new clients. Our approach provides access, solutions, sustainability, and it creates a high demand from other large organizations waiting to sign up.

Management Team / Advisory Board Bios

Justin AndrewsChief Executive Officer & Co-FounderJustin’s shared vision for a circular economic surplus asset management program was the basis for REUZEit’s founding. He is a self-propelled innovator, building and delivering on key strategy, and software vision. He spearheaded REUZEit’s expansion into the European market by establishing locations in both the Netherlands and UK. 
Ryan AndrewsChief Innovation Officer & Co-FounderRyan is a vibrant, problem-solving visionary with extensive knowledge of the life sciences and pharmaceutical industries. He is on a mission to empower all organizations in all capital asset industries to achieve their productivity and sustainability goals by leveraging previously uncaptured value through surplus asset management., Casi MayoChief Operations OfficerCasi is a serial entrepreneur with a pedigree from elite Silicon Valley VCs. Building upon her studies at Berkeley, she brought 20+ years of accounting and business acumen to organize and establish SOPs in finance and business scalability. Casi truly is the connective layer for all internal operations.
Dave WardChief Strategy OfficerDave has 30 years of industry and consulting experience with Fortune 100 and mid-market companies. He has functional experience in corporate strategy, business development, supply chain, global sourcing, product development, product management, M&A, and finance. His industry experience ranges from consumer products, retail, footwear, apparel, sporting goods, and the industrial sectors. He lends a global perspective through his 20+ years of living and working overseas in APAC, EMEA, and LATAM. 
Jonah ShellChief Sustainability OfficerJonah joined the company full-time shortly after earning his MBA with a focus on Business Sustainability and Renewable Energy. He began by developing the company’s marketing and sales processes and managing key relationships with strategic buyers and high-ticket sales using his 20+ years of proven sales team leadership in B2B and B2C structures. He now oversees REUZEit's R&D, sustainability reporting with an emphasis on GHG emission reduction, case studies, and co-authors REUZEit-published white papers.
Mike KishDirector, Global Business Development and Client ServicesMike is a Senior Level Sales/Marketing/Business Development Executive with robust experience in consumer marketing and brand development across multiple platforms. He has over 20 years of experience in brand management with an emphasis on strategy development/implementation, situational analysis, consumer analytics, and team leadership. Additional specialties include sales/distribution strategy, large-scale budgeting, public speaking, and developing strategic partnerships.
Steve BalmerSales DirectorWith over 20+ years of sales experience with both Fortune 1000 and start-up companies, Steve leads new business sales revenue for the company. Steve has proven success in leading collaborative efforts between cross-functional departments to improve omnichannel results. Accomplished in building and leading high-performing sales teams. Steve believes the key to success is a relentless commitment to cultivating curiosity and growth for his team.
Nick VelisSenior Program ManagerWith 15+ years in operations, account management, and logistics, Nick works directly with REUZEit’s diverse clientele with account onboarding, process management, and any other specific requests they may have. He is the lead manager of our client's Trade-In programs. Nick is one of the original team members from the early days of REUZEit, formerly known as ANDbio.,
Amount Raised : $186,482
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