PurposeEnergy

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Security Type
Common Stock
Categories
Sustainability, Food & Bev
Min Investment
$250
Location
Williston, VT
Expected Close Date
August 10, 2022
Target Raise
$10.00K-$1.07M
No. Investors
15
Security Price
$2
Valuation
$16,800,000
Number of Employees
7
Cash
$220,087
Revenue
$2,827,901
Short Term Debt
$261,544
Cost of Goods
$2,436,451
Long Term Debt
$2,356,655
Net Income
$-221,173

Company Description

PurposeEnergy is at the intersection of renewable energy, sustainable food manufacturing, and clean water. We design and build solutions that transform food and beverage manufacturing waste into renewable energy, clean water, and nutrient rich fertilizer. Our solutions are built to reduce the cost and risk of byproduct remediation for our customers and produce carbon neutral biogas that replaces fossil fuels.

Management Team / Advisory Board Bios

John F. Keane, Jr.



Director


John Keane founded King Hill Capital in 2007 to invest in early-stage companies that develop clean energy technologies. Prior to founding King Hill Capital, John had been an executive in the software industry for nearly 20 years. Most recently, he was founder and CEO of ArcStream Solutions, a wireless systems integration firm. Prior to founding ArcStream, he held various leadership positions at Keane, Inc., supporting the company’s revenue growth from $60 million to $1.1 billion. John began his career in corporate finance at J.P. Morgan.
John currently serves on the board of Purpose Energy. He previously served on the board of Cleantech America (acquired by Meridian Energy), Design2Launch (acquired by Kodak), Keane (acquired by Caritor), Lightning eMotors (now public under ticker ZEV), and as a board observer at Albeo Technologies (acquired by GE Lighting) and Greentech Media (acquired by Wood Mackenzie).
John graduated from Harvard College and Harvard Business School.















Michael C. Sununu



Director


Michael Sununu is the founder and principal of Sununu Enterprises LLC and Sununu Holdings LLC. Sununu Enterprises is a consulting company focused on infrastructure and energy clients, both domestically and overseas. Sununu Holdings is an investment vehicle which holds a controlling stake in the Waterville Valley Resort in New Hampshire, along with positions in other companies including PurposeEnergy, Inc.
Michael currently serves on the board of PurposeEnergy and also serves on the board of two publicly traded mining companies, Anglo Asian Mining Plc and Libero Copper & Gold Corporation. He previously helped found and served on the Board of Directors for Optima Bank & Trust before its acquisition by Cambridge Trust, as well as serving as a Trustee and Treasurer/Finance Chairman for the New Hampshire Historical Society.
Michael serves as Chairman of the Board of Selectmen in Newfields, NH where he resides with his wife and four children. He is a graduate of MIT and of the Kellogg School of Business Management at Northwestern University.
Amount Raised : $10,267
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Security Description

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