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NECOTECH

Operating

necoBrands, Inc

Software & AI · Founded 2019

Creating sustainable infrastructure using recycled waste materials

Valuation cap ⓘ
$20.0M
As of Oct 2022 · from Reg CF Offering (2022) · a SAFE/note conversion ceiling, not a priced valuation
Total raised
$270,425
Across 1 round since 2022

Financials

FY2019–FY2024 · from SEC filings · hover any figure for its source
$0
−$95
2019
$62K
$28K
2020
$268K
−$19K
2021
$882K
−$77K
2022
$1.0M
$2K
2023
$820K
−$493K
2024
RevenueNet income — beside revenue when positive, below the line when a loss
Metric
FY2019 reviewed*
FY2020 reviewed*
FY2021
FY2022
FY2023
FY2024
Income statement
Revenue
$0
$61,710
$267,708
$881,965
$1,043,721
$819,763
Cost of goods sold
$0
$0
$0
$35,765
$9,382
$152,856
Gross margin
—
100%
100%
96%
99%
81%
Net income
-$95
$28,240
-$19,337
-$77,320
$1,923
-$492,834
Taxes paid
$0
$0
$0
$0
$1,015
$1,718
Balance sheet
Cash
$5,300
$66,551
$28,379
$228,723
$253,848
$10,825
Accounts receivable
$95
$0
$24,786
$0
$0
$0
Total assets
$5,300
$77,551
$58,848
$262,286
$293,879
$94,516
Short-term debt
$95
$48,000
$14,535
$42,464
$53,747
$347,218
Long-term debt
$0
$0
$0
$0
$0
$0
Total liabilities
$95
$48,000
$14,535
$42,464
$53,747
$347,218
Other
Headcount
—
1
—
9
8
6

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
$20.0M
Valuation cap
Reg CF · SAFE · Feb 2022

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

Cap table

Principal holders% as the filing states it, Apr 29, 2024

  • Steve Flaherty82.2%of company

Sold to the crowd

From the company's SEC filings: share counts per class, each class's voting and conversion terms, and the holders of 20% or more that Form C requires (officers and 10%+ holders on Form 1-A). Filings name only large holders, so most owners — including crowd investors — are not listed, and a holder's percentage may be of its own class rather than of the whole company. Prices and crowd share counts are in today's share terms — adjusted for splits and conversions since they were sold. Hover a figure for its filing.

Fundraising history

Reg CF · SAFE · Feb 2022Closedvia WeFunder
Raised $270.4K / $1.1MInvestors 264Valuation cap $20M

Team

1 person
Stephen FlahertyFounder
Founder & CEO

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 requiredFiled Form C-TR (terminated reporting)

Filed 3 of 5 annual reports (FY2021–FY2025)

264 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 5, 20250001907993-25-000002
    EDGAR
  • Form C-TRMay 5, 20250001907993-25-000003
    EDGAR
  • Form C-ARApr 29, 20240001907993-24-000002
    EDGAR
  • Form C-ARAug 22, 20230001907993-23-000001
    EDGAR
  • Form C/AApr 29, 20220001670254-22-000475
    EDGAR
  • Form CFeb 7, 20220001670254-22-000127
    EDGAR
Source: ManualCIK 0001907993

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.