Republic Republic Republic
  • Log in
Open account
Oops! We couldn’t find any results...
Can’t find a deal? Try advanced search.
Is something missing? Add your suggestion here.
Primary market Live deals Trading Buy and sell Republic Note Own a piece of Republic's upside
Republic Ventures Opportunities for accredited investors
Republic Capital Multi-stage venture firm
Wallet Manage your digital assets Mobile app Available on iOS or Android Learning center Explore investor resources FAQ Get your questions answered
Capital fundraising Raise on Republic Tokenized assets Design, launch, manage tokenized assets Sharedrops Gift equity as a reward Founder Academy A complete guide to raising funds
Advisory Access veteran web3 advisors Infrastructure Stake your digital assets Tokenization Deploy your assets on-chain
Republic Capital In-house Venture Capital fund Broker dealer Regulated capital services
Republic Republic Republic
Oops! We couldn’t find any results...
Can’t find a deal? Try advanced search.
Is something missing? Add your suggestion here.
  • US

  • Log in
  • Open account
All investors
Primary market Live deals Trading Buy and sell
Republic Note Own a piece of Republic's upside
Accredited only
Republic Ventures Opportunities for accredited investors
Institutional
Republic Capital Multi-stage venture firm
More
Wallet Manage your digital assets Mobile app Available on iOS or Android Learning center Explore investor resources FAQ Get your questions answered
Growth capital solutions
Capital fundraising Raise on Republic Tokenized assets Design, launch, manage tokenized assets Sharedrops Gift equity as a reward Founder Academy A complete guide to raising funds
Web3 services
Advisory Access veteran web3 advisors Infrastructure Stake your digital assets
Tokenization Deploy your assets on-chain
Institutional services
Republic Capital In-house Venture Capital fund
Broker dealer Regulated capital services

Phuc Labs isn't accepting new investments

Phuc Labs’ deadline was February 7, 2023

Follow the company to stay updated on their progress, including future investment opportunities


Explore new investment opportunities:
View companies raising now
Campaign ended
Logo of Phuc Labs

Phuc Labs

Digitally recovering resources from waste, making ecological vitality profitable
Materials Waste Management & Sanitation Reduce, Reuse, Recycle
Facebook Telegram Twitter LinkedIn
Featured image of Phuc Labs
$184,044
Raised
443
Investors
Successfully funded and closed on February 7, 2023.
Invest in Phuc Labs

Open for investment

Investors in Phuc Labs also invested in these companies. View more
Logo of Rentberry

Rentberry

Invest Pre-IPO in the AI Revolution Transforming $13...

Republic Funding Portal · Reg CF
Logo of  Metaintro

Metaintro

The Bloomberg of Labor Markets - AI-powered workforc...

Republic Funding Portal · Reg CF
Logo of Anodos Labs Inc

Anodos Labs Inc

Banks have had their time. Now, it's yours. One app,...

Republic Funding Portal · Reg CF
Logo of Happiness Insurance Inc.

Happiness...

The World’s Only Happiness Insurance®— a new categor...

Republic Funding Portal · Reg CF
Logo of Mintworks

Mintworks

$30T opportunity by 2030. We turn any asset into dig...

Republic Funding Portal · Reg CF
Logo of Cognivix

Cognivix

Robots that learn new assembly tasks from one demons...

Republic Funding Portal · Reg CF
Logo of Finless Foods

Finless Foods

Sustainable sushi-grade tuna to meet a growing suppl...

Republic Funding Portal · Reg CF
Logo of OpenRange Social

OpenRange Social

Social Platform for the 54M Hunters, Anglers and Out...

Republic Funding Portal · Reg CF
Logo of Wagyu Factory Miami

Wagyu Factory Miami

Miami-based Wagyu restaurant in large hospitality po...

Republic Funding Portal · Reg CF
Logo of Lumida Wealth

Lumida Wealth

Lumida is Scaling. Invest in the AI Platform Disrupt...

Republic Funding Portal · Reg CF
Logo of The Sports Bra

The Sports Bra

The world's first sports bar fully dedicated to wome...

Republic Funding Portal · Reg CF
Logo of Code Blue

Code Blue

AI that calls for help when you can’t

Republic Funding Portal · Reg CF
Loading...
Pitch Updates 15 Reviews 43
Invest Invest in Phuc Labs
Facebook Telegram Twitter LinkedIn
Closed on February 7, 2023. Information may not be up-to-date. Campaign closed on February 7, 2023. Information displayed may not be up-to-date.
Problem Solution Product Traction Customers Biz. model Market Competition Vision and strategy Funding Founders
About Team Press

Documents

Republic (OpenDeal Portal LLC, CRD #283874) is hosting this Reg CF securities offering by Phuc Labs, Inc.. View the official SEC filing and all updates:
Official SEC Logo Form C SEC.gov
Company documents
Phuc Labs Crowd SAFE Phuc Labs Form C.pdf
Loading

Hear from some of the 443 people reserved or invested in Phuc Labs


Show more

Highlights


  • Co-founder’s prior VC-funded startup sold to Uber for $1.1B
  • Patented AI & robotics tech sorts & recycles precious metals from e-waste
  • Novel digital tech produces 30% more yield using 80% less energy
  • Large market opportunity with e-waste worth $65B
  • Pilots w/ largest battery maker in U.S. & e-waste recycler in Philippines
  • Veteran start-up team w/ proven value creation & multiple successful exits

Problem


The world’s essential
metals are trapped in e-waste streams

The global economy depends on critical resources like copper, palladium, and gold for everything from EV batteries to circuit boards. Most of these resources are now trapped within global e-waste streams of discarded phones, computers, and electronics—and worth an estimated $57B.

Current demand for these metals is met by increasing mining operations, and mining new material outpaces recycling the old. In fact, the recycling rate for e-waste is estimated to be less than 20%. But both virgin mining and current recovery methods are unsustainable: they’re energy-intensive, inefficient, and a massive source of CO2 emissions. 

Meantime, global reserves of these precious resources grow scarce. 

Solution


Profitable & sustainable rare metal recycling

Why mine for virgin metals when they can be recovered and recycled from the ever-growing stream of global electronic waste?

Phuc Labs has modernized recycling technology for e-waste and valuable earth metals to make ecological vitality profitable. Rather than relying on traditional analog methods like filtration technology or smelting—both of which are highly inefficient and polluting—our solution is a digital innovation:

We use computer vision and robotics to identify and recover resources from waste with higher accuracy and less energy, thus relieving pressure on the global supply chain and empowering manufacturing and industrial companies to meet sustainable development goals.

Product


High-purity resource recovery, powered by AI & robotics

Vision Valve™ is Phuc Labs’ proprietary mineral and resource recovery technology for unprecedented efficiency in reclaiming critical resources from e-waste.

How it works:

  1. After e-waste is broken down and mixed into carrier fluid that flows through the Vision Valve™  system, the software analyzes the stream, identifies and sorts resource particles, then physically directs them via robotic valves to the correct output tank. 
  2. The salvaged particles of critical resources like copper and gold are filtered with enough purity to be immediately redirected and sold back into the supply chain. 

Traction


Global reach & joint partnerships

Phuc Labs’ patented Vision Valve technology is tested and proven with successful pilot projects, and we’ve signed agreements and Letters of Intent with leading industry partners, including: 

  1. Joint venture with Enviscicle, for industrial waste recovery and remediation such as IRI, the largest e-waste recycler in the Philippines.
  2. Active pilot with Retriev, North America's largest and oldest battery recycler.
  3. Anglo-American, a publicly-traded Top 5 global mining company for reclamation of critical minerals.

* Click here for important information regarding Financial Projections which are not guaranteed.

Customers


LOIs with major sector leaders

Phuc Labs’ customer pipeline includes deployment of our Vision Valve tech with large e-waste companies focused on reclaiming copper, critical metals, and precious minerals. 

Beyond e-waste, the cross-industry application of our tech is vast. Because Vision Valve operates using fluid, it can be rapidly deployed to wastewater treatment, mining, food & beverage processing operations to immediately reclaim profitable resources from these diverse waste streams.   

Business model


A profitable link in the e-waste recycling chain

Phuc Labs’ technology is easily deployable for a range of use cases and industries, and our business model has diverse established and potential revenue streams. We generate revenue by selling the metals we recover and sort, and by meeting our customers’ unique waste separation needs domestically and through strategic joint ventures abroad.

Phuc Labs is now extracting palladium, gold, copper, silver, and lithium, at an expected annual revenue of over $1M with the largest e-waste recycler in the Philippines. 

Market


Rare earth metals demand to triple by 2030

Phuc Labs’ proprietary Vision Valve technology serves a total addressable e-waste market worth $65 billion.

As global industry adapts to meet low and zero-carbon emissions standards, our ultra-efficient Vision Valve stands to benefit significantly from companies seeking solutions to increase profit while reducing their carbon footprint. 

Competition


The only resource recovery using digitized separation

Phuc Labs’ competitors are the companies using outdated, inefficient smelting and filtration technology.  

Our unique and patented technology is a high barrier to entry for would-be direct competitors: no other company can develop the combination of machine learning AI plus fast-actuating valves for e-waste recovery. 

Vision Valve recovers and sorts multiple particles that conventional technologies cannot—all while being cost-efficient, energy-efficient, low maintenance, portable, and easily scalable. Because the core technology is digital and uses ML/AI, Vision Valve's performance improves over time with more data.

Vision and strategy


Scaling internationally with $1M+ in revenue

As we continue to scale our customer pipeline, we’re also expanding our team and IP portfolio to drive momentum and innovation towards dominating this niche.

* Click here for important information regarding Financial Projections which are not guaranteed.

Funding


$1.3M raised from
leading VCs

Phuc Labs’ transformative technology has received investment  from several funds focused on climate-innovative companies. 

We’ve raised $1.3M from investors including MCJ Collective, Climate Capital, AI Sprout, and founding partner of Spark Capital, Bijan Sabet.

 

Founders


Previous startups include $1.1 billion exit to Uber

CEO Phuc Vinh Truong has dedicated his career to creating cutting-edge, transformative technologies. He started 3 companies that have received over $25 million of VC funding, and has led the development of complex enterprise-grade systems which serviced millions of users. 

Head of Business Phuc Thien Truong brings 20+ years of startup experience as a 4x co-founder. He’s created revenue streams worth up to $6 million, and managed 4 exits as founder and C-Suite member, including one to Uber for $1.1 billion. 

Deal terms


Valuation cap

$18,000,000

The maximum valuation at which your investment converts into equity shares or cash.
Learn more

Minimum investment

$100

The smallest investment amount that Phuc Labs is accepting.
Learn more

Maximum investment

$124,000

The largest investment amount that Phuc Labs is accepting.
Learn more

Funding goal

$1.24M

The maximum amount the offering can raise is $1.24M.
Learn more

Deadline
Phuc Labs needs to reach their minimum funding goal before the deadline ( ). If they don’t, all investments will be refunded.
Learn more
Type of security

Crowd SAFE

A SAFE allows an investor to make a cash investment in a company, with rights to receive certain company stock at a later date, in connection with a specific event. · Learn more

Nominee Lead

Chief Executive Officer of Phuc Labs, Inc., currently Phuc Vinh Truong

Will direct the Nominee on certain matters like voting, amendments and conversions affecting the security.
Learn more

How it works

Documents

Republic (OpenDeal Portal LLC, CRD #283874) is hosting this Reg CF securities offering by Phuc Labs, Inc.. View the official SEC filing and all updates:
Official SEC Logo Form C SEC.gov
Company documents
Phuc Labs Crowd SAFE Phuc Labs Form C.pdf

About Phuc Labs

Legal Name
Phuc Labs, Inc.
Founded
Nov 2020
Form
Delaware Corporation
Employees
8
Website
phuclabs.com
Social Media
Headquarters
Google Map location of of Phuc Labs
30 Saint Margaret Street , Boston, MA
Headquarters
30 Saint Margaret Street, Boston, MA, United States 02125

Phuc Labs Team
Everyone helping build Phuc Labs, not limited to employees

Profile picture of Dr. Richard Fontana
Dr. Richard Fontana
Chief Technology Officer (CTO)
40+ years as a mechanical engineer w/ government projects & startups: Kiva Systems (acq. by Amazon Robotics) & Desktop Metal (IPO). Expertise in R&D, program management, & tech to market. Ph.D. in Mechanical Engineering, MIT.
Profile picture of Dr. Varada Palakkal
Dr. Varada Palakkal
Director of Chemical Engineering
Research expertise in materials & technology development for electrochemical separation & energy conversion. Patented 5x published work at Argonne National Laboratories. Postdoc at UT Austin. PhD at Louisiana State University.
Profile picture of Matthew Schwab
Matthew Schwab
Director of Engineering
Experienced engineer with startup and management experience at Oculus (Haptics), Offworld (Autonomous Mining), and General Dynamics (MBSE), and civil engineering in the U.S. Air Force. M.Sc. in Mechanical Engineering from CSULA.
Profile picture of Aaron Kessler
Aaron Kessler
Business Development
20+ years experience as an entrepreneur across 8 startups, managing client support, sales, marketing, business operations, and human resources. B.S. History from Harvard University, 1998.
Profile picture of Midnight  Zero
Midnight Zero
VP Mechanical Engineering
Expert in 3D printing: researching, inventing, designing, fabricating, & testing solutions for 3D printing with metal powder at high speed. Mechanical Engineering at UMass Amherst, 2004.
2 more team members
Dr. Richard Fontana
Chief Technology Officer (CTO)
Dr. Varada Palakkal
Director of Chemical Engineering
Matthew Schwab
Director of Engineering
Aaron Kessler
Business Development
Midnight Zero
VP Mechanical Engineering

Press

⛵ Yacht boy summer - The Hustle
The Hustle The Hustle
·
Jul 25, 2022

Sign up for the free, 5-minute newsletter keeping 2M+ innovators in the loop with stories on business, tech, and the inte...

How to Build AI That Actually Works for Your Business
WSJ
·
Jul 23, 2022

Artificial intelligence might one day be used to power genuinely humanlike cyborgs or other figments of humanity's fertil...

Logo of Phuc Labs

Phuc Labs

Phuc Labs successfully raised $184,044 from 443 investors on February 7, 2023
Profile picture of Daniel Christopher
Profile picture of STEVENSON PROPHETE
Profile picture of Nathan Small
Profile picture of David Williams
Profile picture of Matthew Kuntz
Daniel, STEVENSON, Nathan, David, Matthew, and 438 others invested. 43 Reviews
Republic

Giving everyone access to early-stage startup investing

For investors
  • Why invest
  • How it works
  • FAQ
  • Risks
  • Privacy policy
  • Accessibility
  • Cookie Preferences
  • Form CRS
For startups
  • Why raise
  • Learn
  • FAQ
  • Tokenized assets
Company
  • About
  • Insights
  • Events
  • Contact
  • Security
  • We're hiring!
Dollar Refer a startup, get $2,500
Dollar Refer a startup, get $2,500

Invest in the app

Android app iOS app

Invest in the app

Android app iOS app

This site (the "Site") is owned and maintained by OpenDeal Inc., which is not a registered broker-dealer. OpenDeal Inc. does not give investment advice, endorsement, analysis or recommendations with respect to any securities. All securities listed here are being offered by, and all information included on this Site is the responsibility of, the applicable issuer of such securities. The intermediary facilitating the offering will be identified in such offering’s documentation.

All related securities activity is conducted by OpenDeal Broker LLC a registered broker-dealer, Member of FINRA and SiPC, an affiliate of OpenDeal Inc. and OpenDeal Portal LLC, located at 149 5th Avenue, 10th Floor, New York, NY 10010. Please check our background on FINRA’s BrokerCheck.

Certain pages discussing the mechanics and providing educational materials regarding regulation crowdfunding offerings may refer to OpenDeal Broker LLC and OpenDeal Portal LLC collectively as “Republic”, solely for explanatory purposes.

Neither OpenDeal Inc., OpenDeal Portal LLC nor OpenDeal Broker LLC make investment recommendations and no communication, through this Site, or in any other medium, should be construed as a recommendation for any security offered on or off this investment platform. Investment opportunities posted on this Site are private placements of securities that are not publicly traded, involve a high degree of risk, may lose value including the total loss of invested capital, are subject to holding period requirements and are intended for investors who do not need a liquid investment. Past performance is not indicative of future results. Investors must be able to afford the loss of their entire investment. Only qualified investors, who understand the risks of early-stage investment and who meet the Republic's investment criteria may invest. Investors may be restricted to only Accredited Investors or non-U.S. persons, to invest in offerings hosted by OpenDeal Broker. Neither OpenDeal Inc., OpenDeal Portal LLC nor OpenDeal Broker LLC, nor any of their officers, directors, agents and employees make any warranty, express or implied, of any kind whatsoever related to the adequacy, accuracy or completeness of any information on this Site or the use of information on this site. Offers to sell securities can only be made through official offering documents that contain important information about the investment and the issuers, including risks. Investors should carefully read the offering documents. Investors should conduct their own due diligence and are encouraged to consult with their tax, legal and financial advisors.

By accessing the Site and any pages thereof, you agree to be bound by the Terms of Use and Privacy Policy. Please also see OpenDeal Broker’s Business Continuity Plan and Additional Risk Disclosures. All issuers offering securities under regulation crowdfunding as hosted by OpenDeal Portal LLC are listed on the All Companies Page. The inclusion or exclusion of an issuer on the Platform Page and/or Republic’s Homepage, which includes offerings conducted under regulation crowdfunding as well as other exemptions from registration, is not based upon any endorsement or recommendation by OpenDeal Inc, OpenDeal Portal LLC, or OpenDeal Broker LLC, nor any of their affiliates, officers, directors, agents, and employees. Rather, issuers of securities may, in their sole discretion, opt-out of being listed on the Platform Page and Homepage.

Investors should verify any issuer information they consider important before making an investment.

Investments in private companies are particularly risky and may result in total loss of invested capital. Past performance of a security or a company does not guarantee future results or returns. Only investors who understand the risks of early stage investment and who meet the Republic's investment criteria may invest.

Neither OpenDeal Inc., OpenDeal Portal LLC nor OpenDeal Broker LLC verify information provided by companies on this Site and makes no assurance as to the completeness or accuracy of any such information. Additional information about companies fundraising on the Site can be found by searching the EDGAR database, or the offering documentation located on the Site when the offering does not require an EDGAR filing.

To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account. Therefore, when you use the Services we will ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver's license, passport or other identifying documents.

Republic and its affiliates are not and do not operate or act as a bank. Certain banking services are provided by BitGo Trust Company, a South Dakota-chartered trust company and registered money services business. BitGo Trust Company is not an FDIC member. Digital (crypto) assets and investment products are not insured by the FDIC, may lose value, and are not deposits or other obligations of BitGo Trust Company and are not guaranteed by BitGo Trust Company. Terms and conditions apply.

Invest in startups using your credit card
You can invest using your credit card

Made in SF/NYC