Breakwave Energy
About this raise
Breakwave Energy, with a valuation of $10 million, is raising funds on Raise Green. The company harnesses the power of the ocean to generate clean and efficient wave energy. Breakwave Energy aims to provide renewable power with low maintenance costs and works on a shore-based system to minimize infrastructure costs and marine ecosystem disruption. The company’s first prototype in Erie, Pennsylvania, is 80% complete and is in negotiations for pilot projects in Indonesia. William R Lyman founded Breakwave Energy in April 2018. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $124,000. The campaign proceeds will be used for prototyping and Lake Erie testing, business development, and legal and administrative expenses.
Investment Overview
Invested : $10,200
Deal Terms
Total Commitments
- Platform
- Raise Green
- Start Date
- 05/06/2024
- Close Date
- 07/15/2024
$10,000
$124,000
$100
SAFE
Pre-Seed
RegCF
$10,000,000
20%
Company & Team
Company
- Year Founded
- 2018
- Industry
- Energy, Power, & Natural Resources
- Tech Sector
- Distribution Model
- B2B
- Margin
- Medium
- Capital Intensity
- High
Upgrade to gain access
-
$12.50 /month
billed annually - Free portfolio tracking, data-driven ratings, AI analysis and reports
- Plan Includes:
- Everything in Free, plus
- Company specific
Kingscrowd ratings and analyst reports
- Deal explorer and side-by-side comparison
- Startup exit and failure tracking
- Startup market filters and historical industry data
- Advanced company search ( with ratings)
- Get Edge Annual
Edge
Ratings 
Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $195,090
- VC Backed?
- No
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 07/15/2024 | Raise Green | $10,000,000 | $10,200 | SAFE | Funded | RegCF |