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Security Type
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CAFES
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Categories
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Technology, Infrastructure, Sustainability, Building & Construction, Industrial
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Min Investment
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$100
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Expected Close Date
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April 30, 2023
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Target Raise
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$50.00K-$1.07M
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No. Investors
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254
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Security Price
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$1
- Number of Employees
- 1
- Cash
- $28,379
- Revenue
- $267,708
- Short Term Debt
- $14,535
- Cost of Goods
- $0
- Long Term Debt
- $0
- Net Income
- $-19,337
Company Description
necoTECH drives sustainable infrastructure with better and more eco-friendly materials and advanced equipment technology. Sustainability is a hot topic that no one can ignore, and the market will continue to grow because we have a dire need to develop renewable, sustainable solutions. To capture a fair share of this large and growing market, necoTECH is systematically developing a business model that works.
Key Deal Facts
Products are proven in military applications and have been awarded 6 Air Force Contracts!
We have Research & Development Agreements with NASA, U.S. Air Force, & U.S. Army Corps of Engineers.
Licensed 4 patents from the national labs including USACE, AFCEC, & NASA.
4 technologies selected in the Top 30 for U.S. Air Force Pavement Maintenance & Repair!
Working on a vertically integrated solution to divert over 90% of waste from landfills.
We're 1 of 2 companies selected in the US to test Recycled Plastic Asphalt by NCAT.
Multiple national partners in order to scale technologies across the US.
Currently have 7 technologies that utilize waste materials, sequester CO2, & improve performance.
Use of Proceeds
Approximately 20% towards further R & D of technologies (matched with Gov't research contracts), 60% towards hiring and operations, 13.5% Marketing for tradeshows and travel to Air Force facilities 6.5% Wefunder fees.
Management Team / Advisory Board Bios
Steve Flaherty, MBA Founder & CEOSteve is a mission driven entrepreneur with a track record of successful enterprises in his career. Between a "whatever it takes" mentality and rapid execution, Steve has helped lead neco into one of the fastest growing cleantech startups in the U.S., Ken Hasty Director of SalesKen brings decades of success in high-growth sales, sales management, scaling sales teams, as well as executive management.
He is skilled in helping build companies ranging from startups to Fortune 500 companies., John Whittington Director of EngineeringJohn has over 30 years of experience in engineering and facility management. He brings years of guidance and mechanical thought leadership to neco as we build out our systems and technologies., Cheryl Hutchinson Director of Operations"Controller of chaos" at necoTECH who helps keep all functions on time and within budget. Spent over a decade boosting efficiencies and establishing best practices for companies ranging from tiny startups to Fortune 100 corporations., Zac Graber Product ManagerZac is a young but well rounded entrepreneur. He has founded and bootstrapped his own startup, grew and co-raised a large seed round at another, and researched waste management solutions as a President’s Prize Fellow at The Ohio State University.
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ⓘ
The overall viability and scalability of the business concept as well as the ability to drive the concept to profitability over time.
Business Idea
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Business Traction
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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
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Valuation
Security Description
A CAFES (Contract and Future Equity Stake) can convert into different types of equity upon a Triggering Event, such as: common or preferred stock for a corporation, limited partnership interest for a limited partnership and membership interest for a limited liability company. At the time of the Triggering Event, the specific rights and limitations associated with the equity stake being issued to the investors will be determined and disclosed by the Entrepreneur.