Aquaria
Early Stage
We Make Water from the Air - Providing Water Security and Access from Climate Change
Overview
Raised: $6,200
Total Commitments ($USD)
Platform
Wefunder
Start Date
05/31/2023
Close Date
04/29/2024
Min. Goal
$50,000
Max. Goal
$1,235,000
Min. Investment
$100
Security Type
SAFE
Series
Seed
SEC Filing Type
RegCF
Early Bird Val. Cap
$23,000,000
Valuation Cap
$30,000,000
Discount
20%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
04/30/2024
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$19
# of Investors
6
Momentum
Funded
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Year Founded
2021
Industry
Energy, Power, & Natural Resources
Tech Sector
Cleantech
Distribution Model
B2B/B2C
Margin
Low
Capital Intensity
High
Aquaria, with a valuation of $30 million, is raising funds on Wefunder. The company has developed its scalable frontier technology to generate safe and potable water from the air. The aim of the company is to eliminate water insecurity for millions of people, provide water security, and access to climate change. Aquaria is 20 times more cost-effective than bottled water, three times more efficient than its competition, and has generated over $1 million in total revenue. Brian Sheng and Eric Sheng founded Aquaria in July 2021. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1.24 million. The campaign proceeds will be used for hiring, paid digital marketing channels, operations, maintenance, support, R&D, and product development.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$463,500 |
$0 |
|
COGS |
$506,627 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-102,891 |
$0 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$272,719 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$272,719 |
$0 |
|
Short-Term Debt |
$175,610 |
$0 |
|
Long-Term Debt |
$200,000 |
$0 |
|
Total Liabilities |
$375,610 |
$0 |
Financials as of: 05/31/2023
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