Avivid Water Technology

Avivid Water Technology

Early Stage

Bringing sustainable water treatment to heavy industry

Bringing sustainable water treatment to heavy industry

Overview

Raised this Round: 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    Open SEC Filing

Valuation Cap

$10,000,000

Discount

0%

Year Founded

2005

Industry

Industrial Services

Tech Sector

Cleantech

Distribution Model

B2B

Margin

Low

Capital Intensity

High

Location

Longmont, Colorado

Business Type

Growth

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
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Avivid Water Technology on Republic 2023
Platform: Republic
Security Type: SAFE
Valuation: $10,000,000

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