Avivid Water Technology
About this raise
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.
Investment Overview
Invested : $233,440
Deal Terms
Total Commitments
- Platform
- Republic
- Start Date
- 01/05/2023
- Close Date
- 04/24/2023
$25,000
$1,235,000
$100
SAFE
Early Stage
RegCF
$10,000,000
0%
Company & Team
Company
- Year Founded
- 2005
- Industry
- Industrial Services
- Tech Sector
- Distribution Model
- B2B
- Margin
- Low
- Capital Intensity
- High
Financials
-
Revenue
-
$150,815
as of FY2021
- Monthly Burn
-
$29,873
as of FY2021
-
Runway
-
0.2 months
as of FY2021
- Gross Margin
-
94%
as of FY2021
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $0
- VC Backed?
- No
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 04/24/2023 | Republic | $10,000,000 | $233,440 | SAFE | Funded | RegCF |