Aqua Research
About this raise
Aqua Research, with a valuation of $7.07 million, is raising funds on NetCapital. The company has developed its innovative, affordable, and sustainable disinfection technology for disinfecting surfaces and treating drinking water. The Aqua Research system uses common salt to solve disinfection supply chain issues of developing nations and makes the process cheaper, simpler, and more robust. Aqua Research has received approvals from USAID and has installed hundreds of systems in over 20 countries. Gene Rabent and Rodney Herrington founded Aqua Research in September 2011. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $1.23 million. The campaign proceeds will be used for sales, product development, unallocated funds, and general and administrative expenses.
Investment Overview
Invested : $36,233
Deal Terms
Total Commitments
- Platform
- Netcapital
- Start Date
- 02/06/2023
- Close Date
- 04/28/2023
$10,000
$1,234,999
$99
Equity - Common
Early Stage
RegCF
$1.63
$7,074,581
Company & Team
Company
- Year Founded
- 2011
- Industry
- Healthcare & Pharmaceuticals
- Tech Sector
- Distribution Model
- B2B/B2C
- Margin
- Low
- Capital Intensity
- High
Financials
- Revenue -43.4% YoY
-
$665,355
as of FY2021
- Monthly Burn
-
$6,251
as of FY2021
-
Runway
-
17.4 months
as of FY2021
- Gross Margin
-
47%
as of FY2021
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $406,585
- VC Backed?
- No
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 04/28/2023 | Netcapital | $7,074,581 | $36,233 | Equity - Common | Funded | RegCF |
Founder Interview
Aqua Research Founder Rodney Herrington on Destroying Waterborne Diseases
Safe water and a clean environment are two seemingly simple factors that play a huge role in an individual’s health. But in low-income countries, those necessities aren’t always as accessible as turning on a tap or stopping by the store for some cleaning spray. Even hospitals, where sanitation can make the difference between healing or further complications, may suffer from poor hygiene in some communities.Aqua Research is determined to combat this humanitarian crisis -- with more than a grain of salt. Its affordable, innovative technologies can create a disinfectant and purify water using salt as a main ingredient. We reached out to founder and Chief Technology Officer Rodney Herrington to learn more about the company’s sales process and the organizations it collaborates with.
Note: This interview was conducted over phone and email. It has been lightly edited for clarity and length.