REUZEit

Circular Economic Surplus Asset Management

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Amount Raised: $174,295
Security Type
Common Stock
Min Investment
$250
Location
Temecula, CA
Offering Date
November 17, 2022
Expected Close Date
February 15, 2023
Target Raise
$10.00K-$1.24M
No. Investors
44
Security Price
$0.80
Valuation
$40,000,000
Website
reuzeit.com
Number of Employees
27
Cash
$381,956
Revenue
$6,575,640
Short Term Debt
$1,653,955
Cost of Goods
$3,117,614
Long Term Debt
$218,982
Net Income
$308,795

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.

Security Description

Common stock is a security that represents ownership in a corporation.

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