Renewal Mill

Renewal Mill

Upcycled food company that fights climate change & food loss

Security Type
Crowd SAFE
Min Investment
Oakland, CA
Offering Date
September 01, 2020
Expected Close Date
November 30, 2020
Target Raise
Deal Notes

Discount: 20%

Company Description

Vision The future of food: better for you, better for the planetAt Renewal Mill, our vision is to create a new circular economy of food that closes the loop in today’s current supply chain, keeps valuable nutrition from going to waste, and reduces our impact on the environment.By diverting byproducts from landfills, we reduce greenhouse gas emissions. By employing innovative sourcing and processing, we keep costs low and connect consumers to inexpensive, high quality nutrition.As part of our immediate vision, we plan to expand our CPG product line, which currently includes upcycled baking mixes & cookies. With your investment, we will continue to reduce food waste and feed people around the world.

Key Deal Facts

Upcycled food company building new circular economy of food
Transforms supply chain inefficiencies into profitable revenue streams
Addressing $47B food waste market & $270B flour market
Partner with major brands like Hodo & Amy’s | Used by Barilla, etc
#1 seller in category on Amazon | Sold in 85+ stores
$1.75M+ in funds to date (Techstars company)
Multi-award winner, including World Changing Idea by Fast Company

Management Team / Advisory Board Bios

Claire Schlemme - CEO / Co-Founder
@renewalmill CEO. Prev: Founder of The Outrage, feminist clothing company, and Mother Juice, Boston's first organic juice company

Caroline Cotto - Chief Operating Officer / Co-Founder
@renewalmill COO. Prev: Techstars Farm to Fork, HubSpot, UN World Food Programme, Fulbright Fellow, White House (Let's Move! Initiative)

Alice Medrich - Product Developer
5x James Beard Award Winning Cookbook Author with expertise in alternative flour and chocolate

Deal Notes

Discount: 20%

Amount Raised : $103,904
Reveal the Score by Voting
Additional ratings from other users are needed to determine a viable CrowdScore for this deal.
The "CrowdScore" for this deal is determined by user ratings and other factors using our proprietary algorithm.
The overall viability and scalability of the business concept as well as the ability to drive the concept to profitability over time.
Business Idea
The progress made thus far in demonstrating that the business has viability, a customer base or other business traction.
Business Traction
The experience of the management team in running, scaling and/or exiting a business that required similar skills to execute the business plan.
Management Team
The value of the company compared to similar companies raising money from investors.

Security Description

An equity crowdfunding specific version of a SAFE used by crowdfunding portal Republic. Upon conversion (if and when that happens), investors may receive special shares with limited rights that do not show up on a company’s cap table. The issuer may roll over and not convert shares at the next financing round causing investors to lose out on some upside.

Research Reports

No reports have been submitted

Become a Reporter