Eniware

Eniware

Closed: Jan. 2019

About this raise

Eniware is raising funds on Title3Funds. The company has developed a portable and power-free sterilizer for sterilization of medical instruments at room temperature. Eniware’s sterilizer, EPS-25, does not use any electricity, heat, or water and is reliable, safe, affordable, and easy to use. The company developed its design specifications after extensive market research in East Africa and carried out the final engineering and prototyping in Baltimore with Harbor Designs and Engineering. James Bernstein and Huma Malik founded Eniware in December 2011. The current crowdfunding campaign has a minimum target of $200,000 and a maximum target of $1 million. The campaign proceeds will be used for product launch, market rollout, manufacturing ramp-up, and contingency.

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Investment Overview

Deal Terms

Platform
Title3Funds
Start Date
10/19/2018
Close Date
01/31/2019
Min. Goal
$200,000
Max Goal
$1,000,070
Min. Investment

$100

Security Type

Convertible Note

SEC Filing Type

RegCF    Open SEC Filing

Company & Team

Company

Year Founded
2011
Industry
Healthcare & Pharmaceuticals
Tech Sector
Hardwaretech
Location
Chevy Chase, Maryland
Company Website
Visit Website

Team

Funding data not publicly available

Financials

as of Fiscal Year 2017
 Revenue
$0
 Monthly Burn
$40,361
 Runway
1.2 months

Summary Profit and Loss Statement

FY 2017 FY 2016

Revenue

$0

$0

COGS

$0

$0

Tax

$300

$195

 

 

Net Income

$-484,337

$-1,546,752

Summary Balance Sheet

FY 2017 FY 2016

Cash

$48,477

$31,454

Accounts Receivable

$1,292

$1,292

Total Assets

$269,700

$130,383

Short-Term Debt

$1,157,405

$1,116,980

Long-Term Debt

$635,129

$66,310

Total Liabilities

$1,792,534

$1,183,290

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
01/31/2019 Title3Funds - $0 Convertible Note Funded RegCF
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Eniware on Title3Funds 2018
Platform: Title3Funds
Security Type: Convertible Note

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Warning: according to the close date for this deal, Eniware may no longer be accepting investments.

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