Pittmoss

Upcycled, Peat-Free Potting Mixes

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Categories
Financial Services, Retail, Consumer Goods & Products, Agriculture
Min Investment
$100
Location
AMBRIDGE, PA
Offering Date
March 20, 2023
Expected Close Date
April 28, 2024
Target Raise
$10.00K-$325.00K
No. Investors
95
Security Price
$1
Website
pittmoss.com
Number of Employees
19
Cash
$467,865
Revenue
$1,446,030
Short Term Debt
$1,063,583
Cost of Goods
$1,319,800
Long Term Debt
$1,468,127
Net Income
$-1,391,342

Company Description

The current soil economy is ripe for disruption, as demand for a viable alternative to peat is an industry concern. Enter PittMoss. After more than a decade of research and scientific testing, PittMoss has developed one of the only upcycled alternatives to peat, using recycled paper waste. In addition to creating a peat substitute for the industry, PittMoss has created a full line of high-performing and sustainable potting mixes for stronger plants and a healthier planet.

Key Deal Facts

Named Most Fundable Companies by Pepperdine-Graziadio Business School
American-made, peat-free sustainable soil solutions with more than $5M in revenue, 1.9M CF sold
Raised more than $6M previously to advance expansion in strategic US markets
Good for plants; good for the earth; competitors can buy PittMoss to replace peat
Sustainable soils made from upcycled paper and cardboard - uses up to 2/3rds less water
Ranked #1 overall potting mix by Better Homes & Gardens, Country Living and more
Provides supply chain advantage since 98% of America's peat comes from Canada
Since 2014, saved 39.3M gallons of H20, reduced CO2 by nearly 20K metric tons; 265kilograms of N20

Management Team / Advisory Board Bios

VC-Backed
Raised $250K or more from a venture firm, Repeat Founder
Started a prior company with $2M+ in funding or revenue, Investment Memo
An investor has written an Investment Memo, Brian P ScottPresident/CEOSeasoned entrepreneur, organizational leader, and angel investor with 16 years of experience. PittMoss is his 7th startup or turnaround, including helping take a company public (NYSE). He specializes in scaling businesses and driving market success., Ryan TenutaVice President of SalesAccomplished, 20+ yrs of senior sales leadership – facilitating the growth of pioneer companies in the horticulture industry. Led dynamic sales team leader cross the US and Canadian markets, including FoxFarm, GrowGoods and BWGS to disrupt horticulture., Dr. Charles BethkeHorticultural Soil & Nutrition Consultant and Director of Research DevelopmentPassionate about soil science Dr. B leverages his 50+ years in advancing sustainable growing solutions. With degrees from Michigan State and Missouri, he has led research, advised top industry players, and now pioneers disruptive innovation at PittMoss., Amber MilesContract CFO and General Counsel A dynamic financial leader with 20+ years of experience driving growth across diverse industries. An MBA and attorney, she excels in financial strategy, scalability, and profitability to maximize investor value., Brian TedeschiChief Marketing Officer30+ year strategist and business leader. Led communications for national healthcare, consumer, and multinational brands–advising leadership on strategy and market development. Founder of award-winning Think Communications, Inc., Ashley MarianiDirector of Business DevelopmentWith a decade of startup and business management experience, Ashley oversees customer outreach to drive market adoption and new channel development. She holds an MBA & MA in Mass Communication., Donna PavlisManager, Marketing and AdvertisingDonna has 38+ years of experience in design and marketing. She is owner/chief marketing strategist for SG&D Communications in addition to her role of managing customer marketing efforts., Mark GoldmanDirector of Technical Services & Sales Mark has spent his life in the horticulture industry. Working in various capacities, from managing large production operations to developing sales channels., Rachel SzelcOperations Manager Rachel started as an intern while finishing up an accounting degree and quickly proved PittMoss needed her full-time. Rachel manages much of the business that we depend upon, from accounting to logistics, she is a rock star., Robert RosileDirector of Wholesale Rob was an early team member to PittMoss, growing into a sales role to support our wholesale and commercial efforts. Rob has an MBA and a previous background in e-commerce.
Amount Raised : $128,250
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