Blue Gold Works
Early Stage
Blue Gold Works is a Safe Water Enterprise that delivers impact at scale
Overview
Raised: $86,555
Total Commitments ($USD)
Platform
Wefunder
Start Date
03/10/2021
Close Date
08/27/2021
Min. Goal
$50,000
Max. Goal
$1,000,000
Min. Investment
$100
Security Type
Convertible Note
Series
Seed
SEC Filing Type
RegCF
Valuation Cap
$5,000,000
Discount
20%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
08/31/2021
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$509
# of Investors
29
Momentum
Funded
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Year Founded
2017
Industry
Energy, Power, & Natural Resources
Tech Sector
Cleantech
Distribution Model
B2B/B2C
Margin
Low
Capital Intensity
High
Blue Gold Works, with a $5 million valuation cap, is raising funds on Wefunder. It is a safe water enterprise that develops earth-friendly and affordable water treatment plants to serve urban neighborhoods. The treatment plants employ local people generating employment for them. Lynn Langford, Alex Omijeh, and Jake Liebenberg founded Blue Gold Works in 2017. The proceeds of the current crowdfunding round, with a minimum raise of $50,000 and a maximum raise of $1,000,000, will be used towards securing partnership agreements, setting up and operating more WaterWorks, and supporting farmers in Ghana, Nigeria, South Africa, Sierra Leone, and Zimbabwe. Blue Gold Works is one of the rare businesses that generate revenue and create a big social impact.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$800 |
$2,041 |
| ||
| ||
|
Net Income |
$-5,442 |
$-35,525 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$4,842 |
$14,263 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$4,842 |
$14,263 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$113,000 |
$68,000 |
|
Total Liabilities |
$113,000 |
$68,000 |
Financials as of: 03/10/2021
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