Global Composite Piping Solutions
About this raise
Global Composite Piping Solutions, with a valuation of $100 million, is raising funds on Wefunder. The company has developed its patented large diameter, high-pressure pipelines. The innovative thermoplastic composite pipe technology of Global Composite Piping Solutions reduces weight and increases pressure capabilities of pipes and will spark new development opportunities across a variety of markets. Global Composite Piping Solutions has signed an LOI for a $150 million international pipeline project. Douglas Jones and Terry Shafer founded Global Composite Piping Solutions in April 2022. The current crowdfunding campaign has a minimum target of $100,000 and a maximum target of $5 million. The campaign proceeds will be used for general operating expenses and accounts payable.
Investment Overview
Invested : $343,589
Deal Terms
Total Commitments
- Platform
- Wefunder
- Start Date
- 09/12/2022
- Close Date
- 03/31/2023
$100,000
$5,000,000
$100
Equity - Preferred
Pre-Seed
RegCF
$1.00
$100,000,000
Company & Team
Company
- Year Founded
- 2022
- Industry
- Energy, Power, & Natural Resources
- Tech Sector
- Distribution Model
- B2B
- Margin
- Medium
- Capital Intensity
- High
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Global Composite Piping Solutions' large-diameter thermoplastic pipes are made by fusing together multiple layers of tough and corrosion-resistant materials. These pipes could be a natural successor to concrete pipelines. They’re lighter… easier to install… and offer much lower upfront and maintenance costs while still being able to hold high pressure.
Hundreds of concrete pipelines in the US (and thousands globally) that were originally laid down decades ago are now suffering from severe corrosion and serious leaks. They need to be replaced.
The problem has become so extensive that the American Water Works Association (AWWA) calls our current period “The Replacement Era.”
The problem is real, large, and looming. And GPCS has a great solution.
Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $2,489,014
- VC Backed?
- No
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 03/31/2023 | Wefunder | $100,000,000 | $343,589 | Equity - Preferred | Funded | RegCF |