Scrapp

A mission-led platform helping people to recycle right & protect the planet

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Security Type
Debt
Categories
Technology, Infrastructure, Retail, Sustainability, Social Impact
Min Investment
$100
Location
Burlington, MA
Offering Date
September 21, 2021
Expected Close Date
July 29, 2022
Target Raise
$50.00K-$250.00K
No. Investors
89
Security Price
$1
Number of Employees
5
Cash
$5,405
Revenue
$0
Short Term Debt
$343
Cost of Goods
$340
Long Term Debt
$0
Net Income
$-5,657

Company Description

We all like to think we're doing our bit for the planet. And for those of us who recycle, it's an easy, practical way for us to muck in and minimize our impact. Our web portal will enable organizations to introduce engaging, data-driven recycling programs without requiring any extortionate infrastructure costs. And, at the touch of a button, see in real-time where and what is being recycled by their community.

Key Deal Facts

In the US alone, confusing recycling guidance is costing $14bn/yr in fees.
Award-winning app available on iOS & Android for FREE.
Our B2B services directly address a $1.9bn sustainable waste technologies market.
Informed by industry professionals, we've built a proprietary solution that is 100% scalable.
Invited to exhibit by EPA & finalists in several national competitions.
UN certified carbon-neutral business, B-corp status by Summer 2022.
Disclaimer: You are investing in a cleaner, greener future for our planet.

Use of Proceeds

Our minimum raise is $50,000 - this is the amount required to employ our tech duo full-time for a year. Though our most desirable scenario is a $200,000 raise, this would allow us a 12-month runway with the entire team working full-time.

Management Team / Advisory Board Bios

Daniel Marek, Co-Founder & CMO
Recipient of the University Dean's Award for Distinction-level (3.8 GPA) Master's in Engineering.

Evan Gwynne Davies, Co-Founder & CFO
Graduated Heriot-Watt University with Distinction-level (GPA 4.0) Master's in Building Engineering with International Studies and Dean's Award recipient. 4+ years experience in a range of data-driven organizations.

Mikey Pasciuto, Co-Founder & COO
Graduated from UNH 2021 with a 3.5 GPA & a dual degree in Mechanical Engineering and Sustainability. Studied in America, New Zealand, & Iceland.
Amount Raised : $108,640
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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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