About this raise

BNNano, with a post-money valuation of $21.07 million, is raising funds on NetCapital. It is an advanced manufacturing company that has developed a patent-pending Boron Nitride Nanotube, NanoBarb. NanoBarb is added to commodities to improve a material’s natural properties and make it extraordinary. Steve Wilcenski and Jason Taylor founded BNNano in 2016. The proceeds of the current crowdfunding raise, with a minimum goal of $10,001.10 and a maximum goal of $106,999.70, will be used for facilities improvement, product development, research and development, payroll and new hires, and capital equipment. BNNano’s product has received several awards and is suitable for industries, including aerospace, automotive, defense, fire prevention, and water purification.

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Investment Overview

Invested this round: $1,069,997

Deal Terms

Total Commitments

Platform
Netcapital
Start Date
03/08/2021
Close Date
07/31/2021
Min. Goal
$10,000
Max Goal
$1,069,999
Min. Investment

$100

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$1.70

Pre-Money Valuation

$20,102,381

Company & Team

Company

Year Founded
2016
Industry
Industrial Services
Tech Sector
Hardwaretech
Distribution Model
B2B
Margin
Medium
Capital Intensity
High
Location
Burlington, North Carolina
Business Type
Growth
Company Website
Visit Website

Team

Employees
6
Prior Founder Exits?
No
Founder Name
Steve Wilcenski
Title
CEO
Founder Name
Jason Taylor
Title
CTO

Financials

 Revenue -5.1% YoY
$48,283
 Monthly Burn
$184,269
 Runway
1.1 months
Gross Margin
83%

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$48,283

$50,851

COGS

$8,381

$5,122

Tax

$5,593

$25,185

 

 

Net Income

$-2,211,223

$-1,208,527

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$196,434

$235,061

Accounts Receivable

$0

$0

Total Assets

$289,253

$355,732

Short-Term Debt

$61,628

$26,628

Long-Term Debt

$1,526,800

$1,270,000

Total Liabilities

$1,588,428

$1,296,628

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
02/28/2023 Netcapital $23,700,672 $212,374 Equity - Common Funded RegCF
07/31/2021 Netcapital $20,102,381 $1,069,997 Equity - Common Funded RegCF
03/07/2021 Netcapital $21,077,703 $0 Equity - Common Funded Test the Waters
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Growth Charts

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Valuation History

Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Employee History

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BNNano on NetCapital
Platform: Netcapital
Security Type: Equity - Common
Valuation: $20,102,381
Price per Share: $1.70

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