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.

Investment Overview

Invested this round: $1,373,444

Deal Terms
Company & Team

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

Price Per Share

$4.00

Pre-Money Valuation

$20,360,000

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

View Detailed Financials

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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Ratings

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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Revenue
Valuation
Price per Share
Employees

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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View on Netcapital

Common Stock, $20.4M • Closed

34 Following

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116 Invested

Deal Considerations

Key Challenges
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Avadain (2022)

Avadain (2022)

About this raise