GET A PIECE OF SAMPLESERVE
A State-Of-The-Art Digital Solution For The Environmental Industry
$24,925.31 Raised
REASONS TO INVEST
SampleServe is bringing innovative digital tools to a fast-growing industry that we believe is ripe for tech-based solutions. To the best of our knowledge, ours is the only product on the market that automatically incorporates environmental labs and lab data into the networked data ecosystem – an important element for any automation that requires lab analysis.
SampleServe’s technology targets the global environmental consulting services market, which is expected to reach over $45B by 2027.* Our products cater to environmental engineering firms, oil companies, manufacturing, chemical companies, environmental laboratories, municipalities, and food producers – all of which require ongoing sampling, testing, and reporting.
SampleServe’s suite of solutions has been engineered by industry experts with extensive backgrounds in geology, computer science, and the environmental market. Our team’s in-field experience informs our understanding of existing challenges within the industry and our approach to innovation allows us to partner with companies that provide complimentary products and services that also have access to large enterprise clients.
the pitch
SampleServe offers environmental professionals a complete digital solution for sampling, data collection, and regulatory reporting. The company’s patented paperless system provides a simple, streamlined platform where entire teams are able to connect and coordinate operations. With decades of experience in the field, our team has identified common industry pain points and is committed to developing solutions that make sense.
A Point-And-Click System For Digitizing Data and Streamlining Sample Collection
The SampleServe platform was designed to support high volume, high frequency sampling and data collection for professionals in a variety of industries – including environmental, drinking water, food safety, cannabis, and others. Our networked ecosystem supports multiple revenue streams. SampleServe provides connected tools for digital chain-of-custody documentation, sample collection, sample receiving, analysis, imaging, and report production. Our patented systems connect every team member from sample to report, while also cutting costs, eliminating paper, improving efficiency, and ensuring data integrity.
The Problem & Our Solution
Delivering A Digital Answer To Antiquated Industry Processes
Each year, sampling techs in the environmental and product safety related industries are tasked with collecting and quantifying over 150 million environmental, drinking water, and food safety samples. However, over 99% of samples are still collected manually, with sampling techs handwriting data and tracking chain-of-custody on paper. It’s also estimated that environmental professionals spend about 40% of their time translating data into actionable reports, graphics, and maps, which can take days or even weeks to complete, and costs companies thousands of dollars.
With this in mind, the SampleServe team sought to create a simplified system that makes digitized data collection and transcription automatic. Our networked ecosystem of mobile app products – including SampleENV for environmental sampling, SampleH2O for drinking water, SampleSWR for COVID sewer sampling, and SampleLOG for laboratories – seamlessly digitizes each step of the process, allowing completion of the mapping and imaging portion in just seconds.
The key to our technology is our sample labeling process and patented digital chain-of-custody, which provides useful functionality to every user in the data cycle. The software requires just a few hours to learn and implement, and saves users between 40-60% of time and project costs. We also offer significant cost savings through our unique pricing model, scaling the billing according to the number of samples collected rather than a flat fee. This billing model also allows our users to pass direct project costs onto their customers, rather than building software fees into overhead expenses.
The Market & Our Traction
Generating Revenue and Real-Time Data While Growing A Robust User Database
SampleServe went live with the Apple iOS version of our Mobile Sampling Field App in September 2022. The Android version was introduced in late 2019, and since then the company has already seen substantial market growth.
Our SampleSWR app has experienced a surge from zero to over 287 monthly samples in just four months, and this volume is expected to continue increasing. Similarly, our SampleENV field sampling application went from zero users to averaging over 33 samples per day and growing. We also added a second laboratory client for our SampleH2O application, which is poised to double sample volume from drinking water labs in a short period of time.
Why Invest
We’re Bringing Meaningful Solutions To A Fast-Growing Global Market
At SampleServe, it’s our observation that transitioning any large marketplace from paper methods to all-digital is a difficult feat. However, as we see it, going digital is inevitable – it’s not a matter of if it will happen, it’s a matter of when and who has the tools and is best positioned to lead the way. To the best of our knowledge, ours is the only platform of its kind to service every user in the sample collection and reporting data cycle. Because of this, we believe SampleServe will become the default platform to use in the environmental and product safety sampling and reporting industries.
Looking to the future, the company plans to leverage our traction to continue growth and to develop our networked ecosystem with even more revenue streams. We will accomplish this by partnering with other high-value products and service companies that are useful to the industry and that have connections and access to large enterprise clients. Your support will be integral to expanding our sales and offerings. Thank you for investing in SampleServe on StartEngine!
ABOUT
HEADQUARTERS
444 Cass St., Ste. 203-B
Traverse City, MI 49684
WEBSITE
View Site
SampleServe develops software and digital tools for environmental data collection and reporting. The company is currently in-market with four subscription mobile app product revenue streams and has previously raised $2.4M in capital.
TEAM
Russell Schindler
CEO
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.
Erik Johnson
Board Member
Paul Goudreault
Board Member / Sales
Eric Bergsma
Board Member / Controller
TERMS
SampleServe
Overview
PRICE PER SHARE
$1.03
DEADLINE
Mar 21, 2023
VALUATION
$7.2M
FUNDING GOAL
$10k - $1.2M
Breakdown
MIN INVESTMENT
$249.26
MAX INVESTMENT
$1,199,999.44
MIN NUMBER OF SHARES OFFERED
9,708
MAX NUMBER OF SHARES OFFERED
1,165,048
OFFERING TYPE
Equity
ASSET TYPE
Common Stock
SHARES OFFERED
Common Stock
Maximum Number of Shares Offered subject to adjustment for bonus shares
*Maximum number of shares offered subject to adjustment for bonus shares. See Bonus info below.
Investment Incentives & Bonuses*
Time-Based:
Friends and Family Early Birds
Invest within the first 72 hours and receive 10% bonus shares.
Super Early Bird Bonus
Invest within the first 10 days and receive 7% bonus shares.
Early Bird Bonus
Invest within the first 30 days and receive 5% bonus shares.
Amount-Based:
$5,000+ | 1st Perk
Invest $5,000 and receive 5% Bonus Shares.
$10,000+ | 2nd Perk
Invest $10,000 or more and receive 10% Bonus Shares.
$20,000+ | 3rd Perk
Invest $20,000 or more and receive 20% Bonus Shares.
*In order to receive perks from an investment, one must submit a single investment in the same offering that meets the minimum perk requirement. Bonus shares from perks will not be granted if an investor submits multiple investments that, when combined, meet the perk requirement. All perks occur when the offering is completed.
The 10% StartEngine Owners' Bonus
SampleServe, Inc will offer 10% additional bonus shares for all investments that are committed by investors that are eligible for the StartEngine Crowdfunding Inc. OWNer's bonus.
This means eligible StartEngine shareholders will receive a 10% bonus for any shares they purchase in this offering. For example, if you buy 100 shares of Common Stock at $1.03 / share, you will receive 110 shares of Common Stock, meaning you'll own 110 shares for $103. Fractional shares will not be distributed and share bonuses will be determined by rounding down to the nearest whole share.
This 10% Bonus is only valid during the investors' eligibility period. Investors eligible for this bonus will also have priority if they are on a waitlist to invest and the company surpasses its maximum funding goal. They will have the first opportunity to invest should room in the offering become available if prior investments are canceled or fail.
Investors will only receive a single bonus, which will be the highest bonus rate they are eligible for.
Investors will receive the highest single bonus they are eligible for among the bonuses based on the amount invested and time of offering elapsed (if any). Eligible investors will also receive the Owner’s Bonus in addition to the aforementioned bonus.
Irregular Use of Proceeds
The Company might incur Irregular Use of Proceeds that may include but are not limited to the following over $10,000: Vendor payments. Salary payments made to one’s self, a friend or relative. Inter company debt or back payments.
PRESS
ALL UPDATES
Stack Owner's Bonus & Rewards!
Members get an extra 10% shares in addition to rewards below!
REWARDS
JOIN THE DISCUSSION
0/2500
Jonathan Rafael Andrade Urquiza
8 months ago
Greetings! Great project. I have a few questions about your model. What does the platform charges for? Who is your target customer? What was your income for the second semester of 2022? What are the key aspects you have detected so far for the success of your enterprise?
Best regards,
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Venkata Annambhotla
7 months ago
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