IPD Products

IPD Products

About this raise

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.

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Investment Overview

Invested this round: $25,167

Deal Terms

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    Open SEC Filing

Early Bird Val. Cap

$3,500,000

Valuation Cap

$5,000,000

Discount

20%

Company & Team

Company

Year Founded
2020
Industry
Consumer Products, Goods & Services
Tech Sector
Hardwaretech
Distribution Model
B2B
Margin
Medium
Capital Intensity
Low
Location
Midlothian, Texas
Business Type
Growth
Company Website
Visit Website

Team

Employees
7
Prior Founder Exits?
No
Founder Name
Howard Nelson
Title
President and CEO

Financials

 Revenue
$0
 Monthly Burn
$11,372
 Runway
11.4 months

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

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
12/14/2021 Microventures $5,000,000 $25,167 Convertible Note Funded RegCF
01/11/2021 Microventures $5,000,000 $256,711 Convertible Note Funded RegCF
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Growth Charts

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Valuation History

Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Employee History

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Add to portfolio
IPD Products on MicroVentures 2021
Platform: Microventures
Security Type: Convertible Note
Valuation: $5,000,000

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

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