Avadain (2022)

About this raise

Avadain, with a valuation of $20.3 million, is raising funds on NetCapital. The company is using its patented technology to manufacture large, thin, and nearly defect-free graphene flakes. The business is ready to unleash the graphene revolution with its high-quality flakes produced in industrial volumes at a reasonable price. Avadain is growing rapidly and has engaged with RAPID, a non-profit partnership between the US Department of Energy and the American Institute of Chemical Engineers. Bradley Larschan founded Avadain in September 2020. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $5,000,000. The campaign proceeds will be used for upscaling graphene production, payroll, marketing, and intellectual property.

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Investment Overview

Invested this round: $1,373,444

Deal Terms

Total Commitments

Platform
Netcapital
Start Date
03/30/2022
Close Date
07/28/2022
Min. Goal
$10,000
Max Goal
$5,000,000
Min. Investment

$100

Security Type

Equity - Common

Company Stage

Early Stage

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$4.00

Pre-Money Valuation

$20,360,000

Company & Team

Company

Year Founded
2021
Industry
Industrial Services
Tech Sector
EnterpriseTech
Distribution Model
B2B
Margin
Medium
Capital Intensity
Low
Location
Eads, Tennessee
Business Type
Growth
Company Website
Visit Website

Team

Employees
5
Prior Founder Exits?
No
Founder Name
Bradley Larschan
Title
CEO
Founder Name
Ericka Wojack
Title
COO/CFO
Founder Name
Phil Van Wormer
Title
CCO

Financials

 Revenue
$0
 Monthly Burn
$2,628
 Runway
24+ months

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-31,534

$0

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$144,896

$0

Accounts Receivable

$0

$0

Total Assets

$437,030

$213,773

Short-Term Debt

$6,831

$0

Long-Term Debt

$0

$0

Total Liabilities

$6,831

$0

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$190,000
Grants
$3,770,000
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
05/30/2025 Netcapital $69,371,100 $4,012,358 Equity - Common Active RegCF
10/26/2023 Netcapital $27,968,305 $4,495,000 Equity - Common Funded RegCF
07/28/2022 Netcapital $20,360,000 $1,373,444 Equity - Common Funded RegCF
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Growth Charts

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Valuation History

Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Employee History

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Avadain on NetCapital 2022
Platform: Netcapital
Security Type: Equity - Common
Valuation: $20,360,000
Price per Share: $4.00

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Follow Avadain on NetCapital 2022

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Warning: according to the close date for this deal, Avadain may no longer be accepting investments.

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