Crowdonomics
All companies
SampleServe logo

SampleServe

Operating

SAMPLESERVE, INC.

Energy & Cleantech · Traverse City, MI · Founded 2018

A user-friendly app and platform that simplifies environmental sample collection, project management, communication between technicians, managers, and labs, and then quickly generates the wide variety of regulatorily required reports.

Post-money valuation ⓘ
$7.2M
As of Mar 2023 · from Reg CF Offering (2023) · pre-money + amount raised, not a traded price
Total raised
$849,026
Crowd $167K · Private $682K · 3 rounds since 2018
Latest share price
$1.03
Reg CF · Common Stock · Jan 2023 offering price

Financials

FY2018–FY2021 · from SEC filings · hover any figure for its source
$156K
−$500K
2018
$93K
−$1.0M
2019
$0
2020
$187K
−$342K
2021
RevenueNet income — beside revenue when positive, below the line when a loss
Metric
FY2018
FY2019 reviewed*
FY2020
FY2021
Income statement
Revenue
$156,256
$93,105
$0
$186,803
Cost of goods sold
$22,732
$0
$0
$0
Gross margin
85%
100%
—
100%
Net income
-$500,018
-$1,025,698
$0
-$341,514
Taxes paid
$0
$0
$0
$0
Balance sheet
Cash
$317,321
$25,783
$0
$2,118
Accounts receivable
$0
$0
$0
$0
Total assets
$547,475
$572,794
$0
$137,585
Short-term debt
$300,000
$101,000
$0
$105,000
Long-term debt
$0
$0
$0
$0
Total liabilities
$300,000
$101,000
$0
$105,000
Other
Headcount
—
7
—
5

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
$7.0M
pre-money
$7.2M
pre-money
Reg CF · Common · Sep 2020
Reg CF · Common · Jan 2023

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

Share price over rounds

$1.03$0.515$1.00
Sep 2020Jan 2023
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 $25.2K / $1.2MInvestors 16Post-money $7.2M
Raised $142.2K / $250KPost-money $7.2M
Raised $681.6KInvestors 5

Team

7 people
Russell SchindlerFounder
CEO

Russell is a Certified Professional Geologist and a graduate of Western Michigan University in 1987. He has 35 years of experience developing, implementing and managing a wide variety of environmental projects and programs including; soil and groundwater remediation projects using various types of remediation, implementation of chemical, liquid waste, hazardous waste, and solid waste management programs and procedures, hydrogeological investigations, industrial regulatory compliance audit programs, sewer and water system needs evaluations, level I and II environmental (ASTM) property assessments, asbestos inspections and remediation, and mold inspections and remediation. He developed and patented the money saving Enhanced Dissolved Oxygen Technology (E-DOT®) System, a ground water remediation/treatment system, which is becoming widely used across the country. Developed and patented the Multi-Arrayed Vacuum (MAV®) System, which is an effective and revolutionary free product recovery system. Also has a patent pending on the Per-Petual® System, a simple and effective hydrogen peroxide injection system for soil and ground water remediation/treatment and most recently developed the SampleServe.com data management and reporting software application. He holds 7 patents related to groundwater clean-up and environmental sampling.

A. Russell Schindler
CEO, President and Chairman of the Board
Eric Bergsma
Board Member / Controller

Eric Bergsma is the Controller for SampleServe. He has over seven years of experience in purchasing and sales with Ford Motor Company and Siemens Automotive, respectively. He has also been the controller for a successful small business for the past 28 years.

Paul Goudreault
Board Member / Sales

Paul was previously the Oil & Gas Sector Leader for Wood PLC., a global consultancy, projects and operations company serving public and private sectors. Paul is an experienced business leader having served as Chairman/CEO of Inogen Environmental Alliance, CEO of Delta Consultants and CEO/Owner of Designer Doors. Paul has 40 years of client account management experience. He has developed and implemented strategic growth plans including initiatives to diversify service offerings and geographic markets. He has also designed and executed on enterprise-wide client account management programs, leading to sustainable client portfolios and accelerated growth.

Erik Johnson
Board Member

Erik has a Geological Engineering degree from Michigan Technological University in 1982 and is both a Certified Professional Engineer and a Certified Professional Geologist. Erik has 6-years’ experience as a Geological Engineer working in oil exploration and then spent 26-years working as an environmental consultant in various capacities. In 2007 Erik started as the Environmental Director working for a mid-sized oil jobber in Michigan with over 140-gas stations where he oversaw underground storage tank compliance and environmental response and other environmental compliance activities.

Erik A. Johnson
Board Member
Paul R. Goudreault
Board Member

Names and titles as disclosed on StartEngine, SEC Form C. 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 1 of 6 annual reports (FY2020–FY2025)

16 investors
holder-count proxy

Reg CF issuers must file a Form C-AR each year until a Rule 202(b) termination trigger is met.

  • Form CJan 19, 20230001665160-23-000100
    EDGAR
  • Form C-ARApr 28, 20220001669191-22-000449
    EDGAR
  • Form C/AMar 5, 20210001669191-21-000218
    EDGAR
  • Form C/AFeb 19, 20210001669191-21-000164
    EDGAR
  • Form C/ADec 16, 20200001669191-20-000830
    EDGAR
  • Form C/ANov 5, 20200001669191-20-000642
    EDGAR
  • Form C/AOct 28, 20200001669191-20-000621
    EDGAR
  • Form C/ASep 1, 20200001669191-20-000464
    EDGAR
Source: ManualCIK 0001759863DEShare price $1.03

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.