Dear First Stage Investor,
Scrap Connection’s fundraise on Wefunder ends at 11:59 p.m. next Tuesday, October 31.
We recommended Scrap Connection back in February. Not surprisingly, like everything else it does, Scrap Connection has conducted a very successful raise, which is now nearing $900,000.
Scrap Connection is a global platform providing business-to-business software solutions to companies that buy, sell or broker recyclable materials. It connects scrap professionals to facilitate global trade.
Its services include in-depth business and market intelligence, an online marketplace, and end-to-end trade workflow management and finance tools.
The opportunity with Scrap Connection is simple…
Scrap metal is a $250-billion-a-year business. Massive.
Scrap Connection wants to run at least 10% of it through the platform it has set up to buy and sell scrap. The company has identified a huge need in a huge market. That’s a nice foundation for a startup company.
Scrap Connection wants to take much of the guesswork and risk out of the scrap business and replace them with transparency and hard data.
We like Scrap Connection because it has a service that moves the needle… that puts the industry on an entirely new path.
Like what Airbnb – now worth $30 billion – is doing to the hotel industry. And like what Uber – now worth $68 billion – is doing to the taxi industry.
For step-by-step details on how to invest in Scrap Connection, read our original recommendation.
The deal terms are below.
Minimum investment: $200
Security type: Future preferred stock via SAFE (An agreement that grants the holder the right to equity at a later date, typically when the company raises another significant round of funding)
Valuation: $4.5 million with a 15% discount
Industry: Business-to-business commerce
Raising up to: $1.07 million
Investment portal: Wefunder
Good investing,
Andy Gordon
Co-Founder, First Stage Investor
P.S. It’s also your last chance to invest in another one of our startup portfolio recommendations: Keen Home.
Keen Home’s fundraise on SeedInvest ends at 11:59 p.m. THIS Friday, October 27.
For step-by-step instructions on how to invest in Keen Home, check out our original recommendation (including the deal terms).