Crowdonomics
All companies
MF Fire logo

MF Fire

Operating

MF Fire, Inc.

Industrial & Manufacturing · Engineering · Baltimore, MD · Founded 2014

Transforming Wood Heat into Clean Energy

Post-money valuation ⓘ
$18.2M
As of Mar 2024 · from Reg CF Offering (2023) · pre-money + amount raised, not a traded price
Total raised
$1,918,686
Crowd $875K · Private $1.0M · 5 rounds since 2016
Latest share price
$1.55
Reg CF · Common Stock · Dec 2023 offering price

Financials

FY2014–FY2024 (no data for FY2017) · from SEC filings · hover any figure for its source
$0
−$254K
2016
2017no data
$147K
−$601K
2018
$244K
−$412K
2019
$480K
−$681K
2020
$1.3M
$634K
2021
$2.4M
$228K
2022
$1.3M
−$539K
2023
$1.3M
−$462K
2024
RevenueNet income — beside revenue when positive, below the line when a loss

Chart shows the most recent 8 fiscal years; 2 earlier years are in the table below.

Metric
FY2014
FY2015 reviewed*
FY2016
FY2018
FY2019 audited*
FY2020
FY2021
FY2022 reviewed
FY2023 unaudited
FY2024 unaudited
Income statement
Revenue
$28,500
$100,000
$0
$146,642
$243,807
$480,318
$1,259,802
$2,350,849
$1,340,298
$1,304,519
Cost of goods sold
$0
$0
$0
$41,470
$123,257
$322,942
$760,738
$1,279,849
$799,960
$632,196
Gross margin
100%
100%
—
72%
49%
33%
40%
46%
40%
52%
Net income
-$2,250
-$36,772
-$254,363
-$601,181
-$411,773
-$681,298
$634,281
$227,844
-$539,041
-$462,402
Taxes paid
$0
$0
$9,416
$15,966
$6,971
$0
$0
$6,358
$300
$300
Balance sheet
Cash
$7,321
$10,170
$280,970
$105,610
$73,306
$80,906
$332,397
$128,122
$55,171
$15,998
Accounts receivable
$0
$0
$0
$0
$0
$0
$557,097
$652,585
$266,237
$197,890
Total assets
$7,321
$10,170
$327,063
$392,686
$496,946
$186,604
$1,462,360
$2,975,669
$2,832,535
$2,498,072
Short-term debt
$0
$0
$0
$0
$491,843
$882,279
$1,237,652
$624,779
$277,411
$240,763
Long-term debt
$0
$200,000
$470,000
$100,000
$100,000
$60,200
$66,200
$244,957
$1,895,753
$2,041,364
Total liabilities
$0
$0
$470,000
$100,000
$100,000
$942,479
$1,303,852
$869,736
$2,173,164
$2,282,127
Other
Headcount
—
3
3
—
6
6
6
6
6
4

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

Pre-money — the valuation set before each round’s money came in
$7.0M
Valuation cap
$12.7M
pre-money
$18.0M
pre-money
Reg CF · Note · May 2016
Reg CF · Common · Aug 2020
Reg CF · Common · Dec 2023

Blue bars are the pre-money valuation the company stated for a priced round. Dashed amber bars are a SAFE or convertible note's valuation cap — the most it converts at, not what the company is worth, so don't compare them with the other bars.

Share price over rounds

$1.55$0.775$0.7905
Jan 2020Dec 2023
Round offering price or verified disclosed saleDisclosed sale, unverified or year-only

Disclosed sales come from the issuer's own filings (prior-offering lines, audited-statement notes) and are amount ÷ securities sold. A down round is a firm point more than 25 % below the previous firm point of the same share class on a comparable basis; the comparison ignores unverified and year-only lines.

Fundraising history

Raised $190.2K / $617.5KInvestors 64Post-money $18.2M
Raised $514.7K / $1.1MInvestors 610Post-money $13.2M
Raised $285KInvestors 6
Raised $170K / $250KValuation cap $7M

Team

4 people
Ryan FisherFounder
COO

Ryan has led MF Fire company operations for 6 years, including manufacturing, finance, and customer support. He is a combustion engineering and science expert, and earned a M.S. and B.S. in Fire Protection Engineering from the University of Maryland. He is a named inventor on two wood stove related patents. Ryan helped propel MF Fire to win the MIT Clean Energy, Energy Efficiency Prize, and the Grand Prize in the 2014 Wood Stove Decathlon.

Taylor MyersFounder
Lead Scientist

Taylor was named 2014 Maryland Innovator of the Year and was the co-inventor of the first automated smart wood stove. He earned a Ph.D. in Mechanical Engineering with a strong focus on combustion science, a M.S. and B.S. in Fire Protection Engineering, and a B.S. in Astronomy, all from the University of Maryland. Taylor co-captained a team of engineers that developed a wood stove that recorded the lowest ever emissions for a wood stove during the 2013 Wood Stove Decathlon. He is a named inventor on two wood stove related patents. He is an experienced programmer and innovator.

Paul LaPorte
CEO

Technology entrepreneur, business leader, and hands-on innovator skilled at creating and launching new businesses and products. Expert at assessing and identifying market shifts with a focus on intersection of technology and shifting macro trends in business and consumer behavior. Exceptional record creating traction and growth. Led multiple venture backed startups. B.S. in Engineering from MIT and MBA from Georgetown.

Matt Zuga
Director; a member of the board.

Matt has been an investment partner, managing director and venture capitalist for 27 years, including roles at Legg Mason, Red Abbey Venture Partners, Syngenta Ventures, and HighCape Partners. Matt graduated with an MBA in Finance from the University of North Carolina at Chapel Hill and a BSBA in Finance from the Ohio State University.

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

Reg CF annual-report compliance

Not requiredFiled Form C-TR (terminated reporting)

Filed 6 of 10 annual reports (FY2016–FY2025)

610 investors
holder-count proxy

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

  • Form C-AR/AAug 19, 20250001665160-25-001372
    EDGAR
  • Form C-TRAug 5, 20250001665160-25-001358
    EDGAR
  • Form C-ARAug 5, 20250001665160-25-001357
    EDGAR
  • Form C-ARMay 24, 20240001665160-24-000932
    EDGAR
  • Form C-UMar 25, 20240001665160-24-000263
    EDGAR
  • Form CDec 6, 20230001665160-23-001970
    EDGAR
  • Form C-ARJul 28, 20230001665160-23-001572
    EDGAR
  • Form C-ARApr 27, 20220001665160-22-000911
    EDGAR
Source: ManualCIK 0001674207DEShare price $1.55

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.