Aquagga
Early Stage
Ending toxic PFAS 'forever chemicals' in water
Overview
Raised: $51,050
Total Commitments ($USD)
Platform
Wefunder
Start Date
01/24/2023
Close Date
04/30/2023
Min. Goal
$50,000
Max. Goal
$400,000
Min. Investment
$250
Security Type
SAFE
Series
Seed
Funding Type
RegCF
Valuation Cap
$13,000,000
Discount Rate
0%
Rolling Commitments ($USD)
Status
Active
Reporting Date
02/02/2023
Days Remaining
87
% of Min. Goal
102%
% of Max. Goal
13%
Likelihood of Max
Avg. Daily Raise
$5,672
# of Investors
13
Momentum
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Location
Tacoma, Washington
Industry
Energy, Power, & Natural Resources
Tech Sector
Cleantech
Distribution Model
B2B
Margin
Low
Capital Intensity
High
Aquagga, with a valuation of $13 million, is raising funds on Wefunder. The company has developed its award-winning patented technology that is able to break PFAS molecules and destroy them. PFAS molecules are potentially carcinogenic and very harmful to the human body and do not get broken easily due to their strong chemical bonds. Aquagga’s technology breaks these carbon-fluoride bonds, destroys PFAS molecules, and protects humans and the environment. Nigel Sharp, Chris Woodruff, and Brian Pinkard founded Aquagga in August 2019. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $400,000. The campaign proceeds will be used for marketing, trade show engagement, intellectual property protection, and working capital.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$301,685 |
$3,500 |
|
COGS |
$222,659 |
$2,827 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-136,168 |
$343 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$18,821 |
$23,435 |
|
Accounts Receivable |
$25,248 |
$0 |
|
Total Assets |
$54,549 |
$24,573 |
|
Short-Term Debt |
$16,491 |
$246 |
|
Long-Term Debt |
$157,777 |
$8,054 |
|
Total Liabilities |
$174,268 |
$8,300 |
Financials as of: 01/24/2023
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Analyst Report
Pending Review