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newBin

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NewBin Corp.

Industrial & Manufacturing · Erie, DE · Founded 2021

A free, on-demand gig-economy curbside recycling service

Post-money valuation ⓘ
$25.3M
As of Apr 2022 · from Reg CF Offering (2021) · pre-money + amount raised, not a traded price
Total raised
$376,675
Crowd $252K · Private $125K · 2 rounds since 2021
Latest share price
$1.05
Reg CF · Common Stock · Oct 2021 offering price

Financials

FY2019–FY2024 · from SEC filings · hover any figure for its source
$0
2019
$0
2020
$0
−$208K
2021
$0
−$311K
2022
$0
2023
$0
2024
RevenueNet income — beside revenue when positive, below the line when a loss
Metric
FY2019 reviewed
FY2020 reviewed
FY2021 unaudited
FY2022
FY2023 unaudited
FY2024 unaudited
Income statement
Revenue
$0
$0
$0
$0
$0
$0
Cost of goods sold
$0
$0
$0
$0
$0
$0
Net income
$0
$0
-$208,317
-$310,650
$0
$0
Taxes paid
$0
$0
$0
$0
$0
$0
Balance sheet
Cash
$0
$0
$126,726
$693
$21,236
$22,360
Accounts receivable
$0
$0
$0
$0
$0
$0
Total assets
$0
$0
$126,726
$24,190
$19,917
$19,917
Short-term debt
$0
$0
$34,986
$207,552
$0
$0
Long-term debt
$0
$0
$0
$0
$0
$0
Total liabilities
$0
$0
$34,986
$207,552
$0
$0
Other
Headcount
—
4
3
2
—
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
$25.0M
pre-money
Reg CF · Common · Oct 2021

Blue bars are the pre-money valuation the company stated for a priced round.

Share price over rounds

log scale
$1.05$0.162$0.025
May 2021Oct 2021
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 $251.7K / $1.1MInvestors 275Post-money $25.3M

Team

7 people
Mitch HechtFounder
Founder and Chief Executive Officer

Former Chief Financial Officer of International Steel Group, a startup steel company that within 12 months of formation became the second largest integrated steel manufacturer in North America with sales of $5 billion. Within 18 months of funding, the company executed a $2.7 billion IPO, and within 12 months of its IPO was sold for $4.5 billion. Responsible for three major acquisitions and a $5 billion P&L. Previously 15 years on Wall Street as Managing Director, investment banking, for Deutsche Bank and PaineWebber Inc. BA, MBA in Finance from New York University; Juris Doctor from Fordham University School of Law. Member of the New York State Bar. Past Board Member of the National Association of Manufacturers. Mr. Hecht commits approximately 40 hours per week to newBin.

Christopher Dow
President and Chief Operating Officer

Founder and CEO of the UK’s first multi-million pound plastic recycling plant. He was responsible for developing new recycling technologies and building the fledgling UK recycling industry at a £40 million state-of-the-art PET and HDPE scrap to food-grade resin plant in East London, handling 35,000 metric tonnes of waste plastics yearly. An expert in waste management and recycling; served as a Director of the UK Resource Association as well as deputy Chairman of the European Recycling Association. He was honored by the Mayor of London as one of twelve “international creativity champions” working in the city of London. Degree in Business and Economics from RMIT in Melbourne, Australia. Mr. Dow commits approximately 25 hours per week to newBin.

Yannick Lord
Chief Technology Officer

Currently the Head of Product Development for UAE-based ZeLoop, (an app focused on improving plastic recycling rates), and Co-Founder and Consultant Director at Ananke & Chronos, LLC. Yannick has developed multifaceted, award-winning digital marketing campaigns, websites, apps, and technology platforms for global brands such as Toyota, Lexus, AT&T and MTV. Yannick has been honored with multiple Digital Design and Innovation Awards. He received his BEP from Lycée Pierre Emile Martin in Bourges, France. Mr. Lord commits approximately 25 hours per week to newBin.

Ashley Heilmann
Treasurer and Secretary

Ashley is a passionate environmentalist and conservation advocate who graduated with a degree in Natural Resources, cum laude, from Ball State University. After graduation, Ashley joined IRG Erie, Inc. as a Senior Campaigner where she helped develop the newBin concept. Prior to IRG, Ashley worked in conservation and environmental management as a naturalist at the Indiana Dunes and Zion National Park. President of Natural Resources Club at Ball State and the Delta Zeta Community Service Chair. Ms. Heilmann commits approximately 35 hours per week to newBin.

Andrew Reddyhoff
Director

Currently a board member of GreenSteel, LLC, the majority owner of newBin, Andy founded Canada-based Finproject NA, a manufacturer of plastic injection-molded products where he was integral to the production of the now-ubiquitous "Croc" shoe, using a foamed, cross-linked, polyolefin resin. Andy was an early shareholder in Crocs, where he was most recently President of Crocs Canada before his retirement. He graduated with honors in metallurgy from the University of Sheffield.

Eric Schaffner
Director

Eric is the Founder and CEO of SmartBlock Beverages FZ LLC, which developed the ZeLoop app, focused on improving plastic collection and recycling rates as a circular economy reward platform. He was previously Vice President of Africa, Middle East and Asia sales for the plastic, can and glass containers segment at Sidel of the Tetra Laval Group. Eric is also a Board Member of Thaely, an ethical and sustainable footwear brand that creates sneakers from waste plastic bags. He graduated from E.N.S.A.I.A. – Institut Polytechnique de Lorraine in Nancy, France.

Juliette Morris
Director

Current CEO of Adweek and a board member of GreenSteel, LLC, the majority owner of newBin. Juliette is formerly CEO of TuneIn, and has many years of senior-level experience at major media companies, including as EVP, Partner Marketing & Communications at NBCUniversal Content Distribution Division; responsible for partner marketing, communications, field sales, local ad sales, research and the integration of marketing business strategy for NBCUniversal’s portfolio of broadcast and cable networks. Prior to joining NBCUniversal, Juliette was SVP, Marketing at Viacom, Inc. Juliette holds a B.A. from George Washington 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 requiredFewer than 300 holders of record

Filed 3 of 5 annual reports (FY2021–FY2025)

275 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 20, 20250001665160-25-001113
    EDGAR
  • Form C-ARApr 14, 20230001665160-23-000612
    EDGAR
  • Form C-ARMay 2, 20220001665160-22-001395
    EDGAR
  • Form C-UApr 14, 20220001665160-22-000652
    EDGAR
  • Form C/AOct 26, 20210001665160-21-001892
    EDGAR
  • Form COct 26, 20210001665160-21-001889
    EDGAR
  • Form C-WOct 26, 20210001665160-21-001890
    EDGAR
  • Form COct 14, 20210001665160-21-001809
    EDGAR
Source: ManualCIK 0001887236DEShare price $1.05

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.