Crowdonomics
All companies
PurposeEnergy logo

PurposeEnergy

Operating

PurposeEnergy, Inc.

Food & Beverage · Founded 2007

Intersection of renewable energy, sustainable food manufacturing, and clean water

Post-money valuation ⓘ
$16.8M
As of Sep 2022 · from Reg CF Offering (2022) · pre-money + amount raised, not a traded price
Total raised
$2,821,258
Crowd $0 · Private $2.8M · 6 rounds since 2009
Latest share price
$2.00
Reg CF · Common Stock · May 2022 offering price

Financials

FY2020–FY2021 · from SEC filings · hover any figure for its source
$1.6M
−$563K
2020
$2.8M
−$221K
2021
RevenueNet income — beside revenue when positive, below the line when a loss
Metric
FY2020 reviewed*
FY2021 reviewed*
Income statement
Revenue
$1,571,648
$2,827,901
Cost of goods sold
$1,328,894
$2,436,451
Gross margin
15%
14%
Net income
-$562,815
-$221,173
Taxes paid
$3,951
$7,484
Balance sheet
Cash
$249,494
$220,087
Accounts receivable
$202,291
$474,058
Total assets
$3,003,520
$5,431,615
Short-term debt
$903,617
$261,544
Long-term debt
$1,523,883
$2,356,655
Total liabilities
$2,427,500
$2,618,199
Other
Headcount
—
7

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
$16.8M
pre-money
Reg CF · Common · May 2022

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

Cap table

Principal holders% as the filing states it, May 12, 2022

  • Heller50.0%of company
  • Owned Big I Investments, LLC50.0%of company
  • lan Series D Convertible1,471,602 Preferred Stock13.5%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 · Common Stock · May 2022Withdrawnvia StartEngine
Raised $13K / $1.1MInvestors 21Post-money $16.8M
Raised $404.3KInvestors 17
Raised $600KInvestors 1
Raised $652KInvestors 21
Raised $750KInvestors 19
Raised $415KInvestors 8

Team

3 people
Eric Fitch
CEO, President, Treasurer, Secretary, and Director
John Keane
Director
Michael Sununu
Director

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 obligated

never closed a Reg CF raise

21 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-WSep 30, 20220001665160-22-002568
    EDGAR
  • Form CMay 12, 20220001665160-22-001643
    EDGAR
  • Form DMay 7, 20180001422878-18-000002
    EDGAR
  • Form DJan 13, 20140001422878-14-000001
    EDGAR
  • Form DFeb 2, 20120001422878-12-000001
    EDGAR
  • Form D/AAug 9, 20110001422878-11-000004
    EDGAR
  • Form DJul 1, 20110001422878-11-000003
    EDGAR
  • Form DDec 4, 20090001422878-09-000002
    EDGAR
Source: ManualCIK 0001422878Share price $2.00

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.