Avadain

Avadain

Early Stage

Unleashing the Graphene Revolution

Unleashing the Graphene Revolution

Overview

Raised to Date: Raised: $1,373,444

Total Commitments ($USD)

Platform

Netcapital

Start Date

03/29/2022

Close Date

07/27/2022

Min. Goal
$10,000
Max. Goal
$5,000,000
Min. Investment

$100

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$4.00

Pre-Money Valuation

$20,360,000

Rolling Commitments ($USD)

Status
Funded
Reporting Date

07/30/2022

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$11,445

Momentum
Funded
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Year Founded

2020

Industry

Industrial Services

Tech Sector

EnterpriseTech

Distribution Model

B2B

Margin

Medium

Capital Intensity

Low

Location

Eads, Tennessee

Business Type

Growth

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.

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

Financials as of: 03/29/2022
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Avadain 10/25/2023 Netcapital $27,968,305 $4,495,000 Equity - Common Funded RegCF
Avadain 07/27/2022 Netcapital $20,360,000 $1,373,444 Equity - Common Funded RegCF
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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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