AquiPor
Growth Stage
Revolutionizing Stormwater Systems
Overview
Raised: $1,554,261
Total Commitments ($USD)
Platform
StartEngine
Start Date
08/11/2021
Close Date
08/29/2022
Min. Goal
$9,999
Max. Goal
$3,930,894
Min. Investment
$249
Security Type
Equity - Common
Series
Seed
SEC Filing Type
RegCF
Price Per Share
$2.75
Pre-Money Valuation
$50,370,232
Rolling Commitments ($USD)
Status
Funded
Reporting Date
09/04/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$4,058
# of Investors
1,994
Momentum
Funded
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Year Founded
2015
Industry
Industrial Services
Tech Sector
Cleantech
Distribution Model
B2B/B2C
Margin
Low
Capital Intensity
High
AquiPor, with a pre-money valuation of $50.3 million, is raising funds on StartEngine. The company has developed an innovative technology that is meant to revolutionize stormwater systems in cities across the US. The proprietary technology converts roads and sidewalks into permeable surfaces and filters rain as and when it falls. It helps to eliminate pollution from stormwater and replenishes the natural water cycle. AquiPor Technologies was founded by Greg Johnson and Kevin Kunz in 2015 and raised over $1 million in its previous round of crowdfunding. The funds from the current crowdfunding round, with a minimum goal of $9,999 and a maximum goal of $3,930,894, will be used to go to the market with its products. AquiPor Technologies’ technology is patented and will help in reducing millions of dollars of infrastructure improvement costs.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$25,000 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-930,694 |
$-551,629 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$437,418 |
$184,511 |
|
Accounts Receivable |
$53,900 |
$169,689 |
|
Total Assets |
$491,723 |
$355,414 |
|
Short-Term Debt |
$40,580 |
$36,495 |
|
Long-Term Debt |
$118,863 |
$124,975 |
|
Total Liabilities |
$159,443 |
$161,470 |
Financials as of: 08/11/2021
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Raise History
| Offering Name | Close Date | Platform | Valuation/Cap | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|---|
| AquiPor | 01/16/2024 | StartEngine | $51,946,534 | $483,370 | Equity - Common | Active | RegCF |
| AquiPor | 08/29/2022 | StartEngine | $50,370,232 | $1,554,261 | Equity - Common | Funded | RegCF |
| AquiPor | 09/22/2020 | StartEngine | $19,400,000 | $1,069,895 | Equity - Common | Funded | RegCF |
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