Aquaborne

Aquaborne

Closed: Apr. 2022

About this raise

Aquaborne, with a $3 million valuation cap, is raising crowdfunding on Wefunder. It is going to be the first commercial eco-friendly fish tanning facility in the USA that makes exotic leather from discarded fish-skins. The tannery will launch in California and provide superior alternatives to existing leather options. Nodar Narsavidze and Sergei Zharkov founded Aquaborne in August 2020. The current crowdfunding campaign has a minimum target of $375,000 and a maximum target of $1,070,000, and the funds will be used towards rent, raw skin acquisition, marketing, staffing, and tanning supplies. Aquaborne is in a production-ready stage and will help to save endangered species from being killed.

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Investment Overview

Invested this round: $115,049

Deal Terms

Total Commitments

Platform
Wefunder
Start Date
03/15/2021
Close Date
04/30/2022
Min. Goal
$75,000
Max Goal
$1,070,000
Min. Investment

$100

Security Type

SAFE

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Early Bird Val. Cap

$2,700,000

Valuation Cap

$3,000,000

Discount

20%

Company & Team

Company

Year Founded
2020
Industry
Apparel & Fashion
Tech Sector
FashionTech
Distribution Model
B2B
Margin
Medium
Capital Intensity
Low
Location
Sacramento, California
Business Type
Growth
Company Website
Visit Website

Team

Employees
3
Prior Founder Exits?
No
Founder Name
Nodar Narsavidze
Title
Founder
Founder Name
Sergei Zharkov
Title
Co-Founder

Financials

 Revenue
$0
 Monthly Burn
$4,467
 Runway
0.1 months

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-53,602

$0

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$500

$0

Accounts Receivable

$0

$0

Total Assets

$500

$0

Short-Term Debt

$54,102

$0

Long-Term Debt

$0

$0

Total Liabilities

$54,102

$0

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
04/30/2022 Wefunder $3,000,000 $115,049 SAFE Funded RegCF
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Add to portfolio
Aquaborne on Wefunder
Platform: Wefunder
Security Type: SAFE
Valuation: $3,000,000

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Follow Aquaborne on Wefunder

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