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AlgenAir

Operating

AlgenAir, Inc.

Industrial & Manufacturing · Pittsburgh, PA · Founded 2021

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Living technology-removing C02 more efficiently with the power of algae

Valuation cap ⓘ
$7.5M
As of Jan 2023 · from Reg CF Offering (2022) · a SAFE/note conversion ceiling, not a priced valuation
Total raised
$179,770
Crowd $35K · Private $145K · 4 rounds since 2021

Financials

FY2020–FY2022 · from SEC filings · hover any figure for its source
$29K
$51K
2020
$40K
−$105K
2021
$92K
−$138K
2022
RevenueNet income — beside revenue when positive, below the line when a loss
Metric
FY2020 reviewed
FY2021 reviewed
FY2022
Income statement
Revenue
$28,821
$39,758
$92,352
Cost of goods sold
$4,408
$25,197
$47,115
Gross margin
85%
37%
49%
Net income
$51,463
-$104,534
-$137,509
Taxes paid
$0
$0
$0
Balance sheet
Cash
$45,473
$34,380
$9,930
Accounts receivable
$0
$3,056
$14,084
Total assets
$51,463
$87,582
$51,110
Short-term debt
$0
$5,924
$16,960
Long-term debt
$0
$125,000
$215,000
Total liabilities
$0
$130,924
$231,960
Other
Headcount
—
2
2

Figures as reported by the issuer in the filing shown on hover. Each year’s pill shows the assurance level of its filed statements — audited, reviewed (CPA review, less than an audit), or unaudited, as the filing’s own report or certification states it. A dashed pill marked * is inferred instead: the SEC minimum for an offering that size, which the issuer may have exceeded. No pill means we couldn’t tell. Headcount is the filing’s point-in-time count, not a year-end average. Manually corrected figures are marked “Corrected”.

Valuation over rounds

Valuation caps on SAFE / convertible note rounds
$7.5M
Valuation cap
Reg CF · SAFE · Nov 2022

Dashed amber bars are a SAFE or convertible note's valuation cap — the most it converts at, not what the company is worth.

Fundraising history

Reg CF · SAFE · Nov 2022Closedvia Republic
Raised $34.8K / $1.2MInvestors 51Valuation cap $7.5M
Rule 506(b) · Debt · Jun 2021Closed
Raised $100KInvestors 1
Private · Convertible Note · Jun 2021Closed
Raised $20K

Team

2 people
Kelsey Abernathy
Chief Executive Officer
Daniel Fucich
Chief Scientific Officer

Names and titles as disclosed on SEC Form C. Bios and photos come from the platform campaign page and may be out of date.

Reg CF annual-report compliance

Not requiredFewer than 300 holders of record

Filed 1 of 4 annual reports (FY2022–FY2025)

51 investors
holder-count proxy

Reg CF issuers must file a Form C-AR each year until a Rule 202(b) termination trigger is met.

SEC filings

  • Form C-ARMay 1, 20230001932835-23-000003
    EDGAR
  • Form C-UFeb 7, 20230001703982-23-000002
    EDGAR
  • Form CNov 15, 20220001946308-22-000003
    EDGAR
  • Form DOct 28, 20220001946308-22-000002
    EDGAR
Source: ManualCIK 0001946308DE

About this data. Figures are compiled from public sources — SEC EDGAR filings (Form C, C-AR, 1-A, 1-K) and funding-platform pages — and may be delayed, incomplete, or restated by the issuer. Financial statements are as reported by the issuer; each year is labeled with its assurance level (audited / reviewed / unaudited). A valuation cap is the conversion ceiling of a SAFE or convertible note, not an agreed company valuation; post-money figures are computed as pre-money plus amount raised and are not a traded price. Crowdonomics is not a broker-dealer, funding portal, or investment adviser; nothing here is investment advice or an offer to sell securities. Verify all figures against the linked EDGAR filings.