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PRESERVE

Operating

Recycline, Inc.

Industrial & Manufacturing · Waltham, MA

Everyday products for a better world

Post-money valuation ⓘ
$29.7M
As of Jun 2023 · from Reg CF Offering (2023) · pre-money + amount raised, not a traded price
Total raised
$112,754
Across 1 round since 2023
Latest share price
$8.18
Reg CF · Common Stock · Mar 2023 offering price

Financials

FY2021–FY2024 · from SEC filings · hover any figure for its source
$7.4M
−$323K
2021
$8.4M
−$315K
2022
$9.0M
−$459K
2023
$8.4M
−$404K
2024
RevenueNet income — beside revenue when positive, below the line when a loss
Metric
FY2021 reviewed
FY2022 reviewed
FY2023 reviewed
FY2024 unaudited
Income statement
Revenue
$7,402,355
$8,415,980
$8,968,078
$8,366,682
Cost of goods sold
$5,347,230
$6,217,501
$6,442,659
$5,943,356
Gross margin
28%
26%
28%
29%
Net income
-$323,499
-$315,450
-$459,083
-$403,565
Taxes paid
$0
$5,956
$3,042
$2,433
Balance sheet
Cash
$71,895
$76,711
$93,530
$48,332
Accounts receivable
$610,164
$582,635
$1,015,366
$451,677
Total assets
$4,356,686
$3,887,497
$3,848,767
$2,782,749
Short-term debt
$1,773,183
$236,960
$1,905,449
$1,868,883
Long-term debt
$4,290,569
$4,096,896
$2,465,632
$2,327,430
Total liabilities
$6,063,752
$4,333,856
$4,371,081
$4,196,313
Other
Headcount
5
5
9
8

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
$29.5M
pre-money
Reg CF · Common · Mar 2023

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

Cap table

Share counts as of Dec 31, 2022
ClassOutstandingVotes / shareShare of totalLast price
common stock60,449—100.0%$8.18Mar 2023

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

Raised $112.8K / $1.2MInvestors 241Post-money $29.7M

Team

6 people
Eric HudsonFounder
Founder & CEO

Eric Hudson is the Founder & CEO of Preserve, based in Waltham, Massachusetts. A native of Massachusetts, Eric earned a bachelor’s degree in Economics and Political Science from Boston College and earned his MBA, with distinction, from Babson College. He comes from a family rich in entrepreneurship including grandparents who were the founders of Brookstone. He is a recognized leader in social business, environmental issues, new product disruptions and development and marketing innovation. Eric serves on several sustainability boards, he is an Unreasonable Fellow, a member of Environmental Entrepreneurs and a frequent panelist on entrepreneurship, business management, social business and sustainability issues. Prior to Preserve, he worked 6 years at Fidelity where he worked in several divisions including Fidelity’s trading and investment operation. He also worked as a management consultant with Anderson Consulting and launched his own management consultancy.

John Lively
COO

John Lively is COO at Preserve where he runs Preserve’s operations with a focus on supply chain. He aims to bring the approaches of industrial ecology to everyday products like toothbrushes, cutlery and food storage containers. John has been at Preserve for over 20 years. Previously, he attended Harvard University where he studied environmental science and public policy. An avid runner, he lives in Cambridge, MA with his wife, 13 year old son, and three cats.

Deana Becker
Director of Stakeholder Operations

Deana Becker is Preserve’s Director of Stakeholder Operations and in this role oversees partnerships and employee engagement as well as Preserve’s standards and certifications. Previous to Preserve she developed fair trade supply chains and certification logistics for natural products. Deana holds an M.A. in Sustainable International Development from Brandeis University, an MBA from Babson College and a B.A. in International Studies from Middlebury College. Deana works with Preserve an average of 30 hours per week.

Anu Goel
Preserve Director

Anu Goel is Chief Solutions Officer at SPINS, leading the development of SPINS solutions for consumer brands. Prior to joining SPINS, Anu held leadership positions at Beam Suntory, McKinsey & Company, and Brand Equity Ventures. He holds Bachelor’s degrees in economics and engineering from The University of Pennsylvania and a Master’s of Business Administration from Harvard Business School. Anu works an average of 0.5 hours/week with Preserve.

Steven Berkenfeld
Preserve Director

Steven Berkenfeld is the founder and principal of Ecotopia Consulting and is primarily engaged in helping early stage, mission driven companies in the development of their business plan and growth strategy with the aim of improving their financeability, enhancing their market adoption and commercialization, and maximizing their impact. In addition, Steven serves as Chief Strategy Officer of Brightcore Energy, currently sits on the Board of Directors of Svante Inc. and Preserve, and serves as an advisory board member to a number of other impact focused companies. He was formerly a Managing Director in Investment Banking at Barclays where he spent 11 years. His roles included serving as senior sponsor of the Environmental and Social Impact Banking Initiative, co-heading the Firm’s Cleantech Initiative, and leading the banking effort for Emerging Industrial Technology companies. He also managed the Transaction Review Committee process and chaired the Reputational Risk Committee for Barclays International, and served as chair of the Firm’s Equities Commitment Committee and Fairness Opinion Committee. Prior to joining Barclays in September 2008, Steven spent over 21 years at Lehman Brothers. He holds a J.D. from Columbia Law School and a B.S. from Cornell University. Steven works an average of 0.5 hours/week with Preserve.

Anubhav Goel
Director

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 4 annual reports (FY2022–FY2025)

241 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-ARApr 9, 20250001665160-25-000548
    EDGAR
  • Form C-AROct 4, 20240001665160-24-001382
    EDGAR
  • Form C-UJun 27, 20230001665160-23-001451
    EDGAR
  • Form C-ARApr 24, 20230001665160-23-000737
    EDGAR
  • Form C/AApr 6, 20230001665160-23-000551
    EDGAR
  • Form CMar 27, 20230001665160-23-000472
    EDGAR
Source: ManualCIK 0001292625MAShare price $8.18

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.