BNNano

BNNano

Early Stage

BNNano leverages cutting edge materials science innovation to transform, revitalize, revolutionize, and add value to industrial commodities.

BNNano leverages cutting edge materials science innovation to transform, revitalize, revolutionize, and add value to industrial commodities.

Overview

Raised to Date: Raised: $1,069,997

Total Commitments ($USD)

Platform

Netcapital

Start Date

03/07/2021

Close Date

07/30/2021

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

Rolling Commitments ($USD)

Status
Funded
Reporting Date

07/31/2021

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$7,379

Momentum
Funded
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Year Founded

2016

Industry

Industrial Services

Tech Sector

Hardwaretech

Distribution Model

B2B

Margin

Medium

Capital Intensity

High

Location

Burlington, North Carolina

Business Type

Growth

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.

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

Financials as of: 03/07/2021
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
BNNano 02/27/2023 Netcapital $23,700,672 $212,374 Equity - Common Funded RegCF
BNNano 07/30/2021 Netcapital $20,102,381 $1,069,997 Equity - Common Funded RegCF
BNNano 03/06/2021 Netcapital $21,077,703 $0 Equity - Common Funded Test the Waters
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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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