Aquaborne

Producing Exotic Leather From Discarded Fish-Skins.

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Security Type
Debt
Categories
Infrastructure, Technology, Retail, Sustainability, Financial Services, Consumer Goods & Products
Min Investment
$100
Location
Sacramento, CA
Offering Date
February 19, 2021
Expected Close Date
April 30, 2022
Target Raise
$75.00K-$1.07M
No. Investors
100
Security Price
$1
Number of Employees
3
Cash
$500
Revenue
$0
Short Term Debt
$54,102
Cost of Goods
$0
Long Term Debt
$0
Net Income
$-53,602

Company Description

Aquaborne promotes sustainable upcycling by transforming discarded fish skins derived from aquaculture into exotic leather. Our product will offer an alternative solution to traditional leather with more superior properties, that won’t harm the fragile ecosystems. In fact, our product will reduce the need for killing endangered species to be used in leather goods production. 

Key Deal Facts

? The first commercial scale eco-friendly fish tanning facility in the USA
? No known competitors in North America in $500B industry
⚙️ Our company is in a production ready stage
? Proprietary eco-friendly process to convert fish-skins into high-valued leather
♻️ Our solution reduces the need for killing endangered species to be used in leather goods production

Use of Proceeds

$375,000

  • Rent – 10%
  • Raw Skin Acquisition – 2.5%
  • Tanning Supplies – 5%
  • Partial Equip. – 42.5%
  • Marketing – 4.5% 
  • Sales - 6%Staff – 22%
  • Wefunder Fees – 7.5% 

$1,070,000

  • Rent – 6%
  • Raw Skin Acquisition – 7%
  • Tanning Supplies – 10%
  • Production Equip. – 32%
  • Marketing – 5%
  • Sales – 10%
  • Staff – 22.5%
  • Wefunder Fees – 7.5%

Management Team / Advisory Board Bios

Nodar Narsavidze
Founder / Managing Partner
Nodar has an extensive background in the sturgeon caviar production, trading and exporting. Maintains strong relationships with aquafarms that offer access to fish-skin supply. As a former partner at AmStur has achieved two Guinness Records in Dubai.

Sergei Zharkov
Co-Fonder / Business Development
Sergei brings 15 years of managerial experience in large multinational corporations. He is a business development strategist that oversees creative aspects of sales, project management and procuremet. Has a degree in Engineering Physics.
Amount Raised : $114,849
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Security Description

Debt is something, usually money, borrowed by one party from another. Debt is used by many corporations and individuals to make large purchases that they could not afford under normal circumstances. A debt arrangement gives the borrowing party permission to borrow money under the condition that it is to be paid back at a later date, usually with interest.

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