AquaBoy
About this raise
AquaBoy, with a post-money valuation of $10.07 million, is raising funds on NetCapital. AquaBoy is the flagship product of Atmospheric Water Solutions. It extracts moisture from the air to produce purified drinking water. The product is available as AquaBoy Pro II for home and office use, and AquaBoy Commercial for commercial and industrial purposes. AquaBoy was founded by Doug Marcille, Reid Goldstein, and Al Johnston in 2017. The proceeds of the current crowdfunding round, with a minimum raise of $10,000 and a maximum raise of $1,070,000, will be used for product development, marketing, management payroll, staff payroll, lease, utilities, and overhead expenses. AquaBoy comes with replaceable filters for the aftermarket revenue stream. The product is built to solve problems of water quality, water sustainability and availability, and the value of water and the environment.
Investment Overview
Invested : $194,895
Deal Terms
Total Commitments
- Platform
- Netcapital
- Start Date
- 09/11/2020
- Close Date
- 04/23/2021
$10,000
$1,070,000
$99
Equity - Common
Pre-Seed
RegCF
$1.00
$9,003,104
Company & Team
Company
- Year Founded
- 2017
- Industry
- Energy, Power, & Natural Resources
- Tech Sector
- Distribution Model
- B2B2C
- Margin
- Medium
- Capital Intensity
- High
Financials
- Revenue -21.5% YoY
- $223,134
- Monthly Burn
- $47,697
-
Runway
- 1 months
- Gross Margin
- 28%
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Company Funding & Growth
Funding history
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 04/23/2021 | Netcapital | $9,003,104 | $194,895 | Equity - Common | Funded | RegCF |