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Reel Paper

Operating

Reel Products, Inc.

Industrial & Manufacturing · Founded 2018

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Tree-free and plastic-free household paper company

Valuation cap ⓘ
$55.0M
As of Dec 2023 · from Reg CF Offering (2023) · a SAFE/note conversion ceiling, not a priced valuation
Total raised
$504,177
Across 1 round since 2023

Financials

FY2021–FY2025 (no data for FY2023) · from SEC filings · hover any figure for its source
$7.5M
−$5.4M
2021
$13.5M
−$8.2M
2022
2023no data
$20.3M
−$2.9M
2024
$24.4M
−$1.0M
2025
RevenueNet income — beside revenue when positive, below the line when a loss
Metric
FY2021 reviewed
FY2022 reviewed
FY2024 unaudited
FY2025 unaudited
Income statement
Revenue
$7,476,272
$13,501,393
$20,307,370
$24,372,958
Cost of goods sold
$3,800,957
$7,752,618
$10,407,481
$15,160,386
Gross margin
49%
43%
49%
38%
Net income
-$5,375,412
-$8,182,001
-$2,921,573
-$1,043,731
Taxes paid
$0
$0
$0
$0
Balance sheet
Cash
$1,347,080
$599,569
$75,639
$2,415
Accounts receivable
$67,148
$489,005
$1,938,380
$3,561,743
Total assets
$3,174,039
$2,913,539
$4,464,070
$9,401,495
Short-term debt
$2,910,984
$5,173,204
$4,573,527
$7,811,445
Long-term debt
$8,170,137
$13,765,645
$6,034,481
$8,777,719
Total liabilities
$11,081,121
$18,938,849
$10,608,008
$16,589,164
Other
Headcount
—
7
—
10

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
$55.0M
Valuation cap
Reg CF · SAFE · Oct 2023

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

Fundraising history

Reg CF · SAFE · Oct 2023Closedvia WeFunder
Raised $504.2K / $478KInvestors 816Valuation cap $55M

Team

3 people
Livio BisterzoFounder
Founder & Chairman
David VanHimbergen
CEO
Joseph Stilphen
Chief Financial Officer

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

Delinquent

Filed 1 of 3 annual reports (FY2023–FY2025)

Missing: 2023, 2024

816 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 14, 20260001994247-26-000001
    EDGAR
  • Form C/ANov 27, 20230001670254-23-001073
    EDGAR
  • Form COct 10, 20230001670254-23-000940
    EDGAR
Source: ManualCIK 0001994247

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.