IPD Products
Ionic Plague Destroyer air sterilizer designed to combat airborne pathogens like SARS-CoV-2
Overview
Raised: $25,167
Total Commitments ($USD)
Platform
Microventures
Start Date
06/15/2021
Close Date
12/14/2021
Min. Goal
$25,000
Max. Goal
$279,209
Min. Investment
$100
Security Type
Convertible Note
Series
Seed
SEC Filing Type
RegCF
Early Bird Val. Cap
$3,500,000
Valuation Cap
$5,000,000
Discount
20%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
12/31/2021
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$138
# of Investors
111
Momentum
Funded
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Year Founded
2020
Industry
Consumer Products, Goods & Services
Tech Sector
Hardwaretech
Distribution Model
B2B
Margin
Medium
Capital Intensity
Low
IPD Products, with a $5 million valuation cap, is raising funds on MicroVentures. The company has designed a revolutionary product, the Ionic Plague Destroyer, that is engineered to remove airborne pathogens, including SARS-CoV-2. The patent is licensed from Drexel University for air disinfection and sterilization. Howard Nelson founded IPD Products in February 2020. The proceeds of the current crowdfunding campaign, with a minimum raise of $25,000 and a maximum raise of $279,209, will be used towards product development, general working capital, utilities, parts & inventory, and legal & consulting expenses. IPD Products is led by an experienced founding team and plans to expand the product line to include integrations with HVAC systems and PPE.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-136,465 |
$0 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$129,711 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$195,517 |
$0 |
|
Short-Term Debt |
$85,475 |
$0 |
|
Long-Term Debt |
$331,994 |
$0 |
|
Total Liabilities |
$417,469 |
$0 |
Financials as of: 06/15/2021
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