Avadain
Unleashing the Graphene Revolution
Overview
Raised: $282,420
Rolling Commitments ($USD)
Status
Active
Reporting Date
03/23/2023
Days Remaining
49
% of Min. Goal
2,824%
% of Max. Goal
8%
Likelihood of Max
Avg. Daily Raise
$6,419
Momentum
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Year Founded
2020
Industry
Industrial Services
Tech Sector
EnterpriseTech
Distribution Model
B2B
Margin
Medium
Capital Intensity
High
Avadain, with a valuation of $27.9 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, Phil Van Wormer, and Ericka Wojack founded Avadain in September 2020. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $3.6 million. The campaign proceeds will be used for samples and testing, licensing activities, intellectual property, and operations and payroll.
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 |
$0 |
$0 |
Long-Term Debt |
$0 |
$0 |
Total Liabilities |
$0 |
$0 |
Financials as of: 02/07/2023
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Founder Profile
Avadain Co-founder Brad Larschan on High-Quality Graphene Flakes
When you think of “new technology,” what comes to mind might be shiny handheld devices or glossy vehicles. Behind those sleek products are a huge collection of components and materials, some smaller than the eye can see. These parts and pieces are why the technology can exist -- and improving them could open up a new world of possibilities.Avadain wants to be the door to that new world. Its green, patented technology creates high-quality flakes of graphene, a flexible but durable material that conducts electricity extremely well. We reached out to co-founder and CEO Brad Larschan to learn more about the applications of graphene and how he met his wife.
Note: This interview was conducted over phone and email. It has been lightly edited for clarity and length.
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