Avivid Water Technology
Early Stage
Bringing sustainable water treatment to heavy industry
Overview
Raised: $233,440
Total Commitments ($USD)
Platform
Republic
Start Date
01/04/2023
Close Date
04/24/2023
Min. Goal
$25,000
Max. Goal
$1,235,000
Min. Investment
$100
Security Type
SAFE
Series
Seed
SEC Filing Type
RegCF
Valuation Cap
$10,000,000
Discount
0%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
04/29/2023
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$2,142
# of Investors
412
Momentum
Funded
Create a free account today to gain access to KingsCrowd analytics.
Year Founded
2005
Industry
Industrial Services
Tech Sector
Cleantech
Distribution Model
B2B
Margin
Low
Capital Intensity
High
Avivid Water Technology, with a valuation of $10 million, is raising funds on Republic. The company has developed its patented wastewater treatment technology suitable for heavy industry. The groundbreaking technology of Avivid Water Technology provides chemical-free water treatment with the help of electrocoagulation. The company has three international patents and has proven its technology with six pilot projects across three industries and four states. Dr. Lockett Wood founded Avivid Water Technology in February 2005. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $1.24 million. The campaign proceeds will be used for hiring employees with expertise in water treatment and sales and marketing, R&D, marketing, capital for pilot projects, and working capital.
Summary Profit and Loss Statement
| FY 2021 | FY 2020 | |
|---|---|---|
|
Revenue |
$150,815 |
$48,604 |
|
COGS |
$-9,035 |
$-4,549 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-358,476 |
$-420,368 |
Summary Balance Sheet
| FY 2021 | FY 2020 | |
|---|---|---|
|
Cash |
$6,367 |
$12,496 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$1,196,852 |
$1,238,276 |
|
Short-Term Debt |
$586,386 |
$463,833 |
|
Long-Term Debt |
$184,500 |
$0 |
|
Total Liabilities |
$770,886 |
$463,833 |
Financials as of: 01/04/2023
Create a free account today to gain access to KingsCrowd analytics.
Upgrade to gain access
Pay Monthly
Annually (Save 17%)
-
$25 /month
billed annually - Free portfolio tracking, data-driven ratings, AI analysis and reports
- Plan Includes:
- Everything in Free, plus
- Company specific
KingsCrowd ratings and analyst reports
- Deal explorer and side-by-side comparison
- Startup exit and failure tracking
- Startup market filters and historical industry data
- Advanced company search ( with ratings)
- Get Edge Annual
Edge
Already a member? Log in here.
Ratings 
Founders: enhance your startup's credibility on KingsCrowd. Create an account to claim this raise page.