Phuc Labs

Digitally recovering resources from waste, making ecological vitality profitable

Claim My Business
Security Type
Crowd SAFE
Min Investment
Offering Date
July 12, 2022
Expected Close Date
April 20, 2023
Target Raise
No. Investors
Security Price
Number of Employees
Short Term Debt
Cost of Goods
Long Term Debt
Net Income

Company Description

Why mine for virgin metals when they can be recovered and recycled from the ever-growing stream of global electronic waste?

Phuc Labs has modernized recycling technology for e-waste and valuable earth metals to make ecological vitality profitable. Rather than relying on traditional analog methods like filtration technology or smelting—both of which are highly inefficient and polluting—our solution is a digital innovation:

We use computer vision and robotics to identify and recover resources from waste with higher accuracy and less energy, thus relieving pressure on the global supply chain and empowering manufacturing and industrial companies to meet sustainable development goals.

Key Deal Facts

Co-founder’s prior VC-funded startup sold to Uber for $1.1B
Patented AI & robotics tech sorts & recycles precious metals from e-waste
Novel digital tech produces 30% more efficient using 80% less energy
Large market opportunity with e-waste worth $65B
Pilots w/ largest battery maker in U.S. & e-waste recycler in Philippines
Veteran start-up team w/ proven value creation & multiple successful exits

Management Team / Advisory Board Bios

Dr. Richard Fontana
Chief Technology Officer (CTO)
40+ years as a mechanical engineer w/ government projects & startups: Kiva Systems (acq. by Amazon Robotics) & Desktop Metal (IPO). Expertise in R&D, program management, & tech to market. Ph.D. in Mechanical Engineering, MIT.

Dr. Varada Palakkal
Director of Chemical Engineering
Research expertise in materials & technology development for electrochemical separation & energy conversion. Patented 5x published work at Argonne National Laboratories. Postdoc at UT Austin. PhD at Louisiana State University.

Matthew Schwab
Director of Engineering
Experienced engineer with startup and management experience at Oculus (Haptics), Offworld (Autonomous Mining), and General Dynamics (MBSE), and civil engineering in the U.S. Air Force. M.Sc. in Mechanical Engineering from CSULA.

Aaron Kessler
Business Development
20+ years experience as an entrepreneur across 8 startups, managing client support, sales, marketing, business operations, and human resources. B.S. History from Harvard University, 1998.

Midnight Zero
VP Mechanical Engineering
Expert in 3D printing: researching, inventing, designing, fabricating, & testing solutions for 3D printing with metal powder at high speed. Mechanical Engineering at UMass Amherst, 2014.
Amount Raised : $13,501
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