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 $1,070,000, will be used towards product development and general working capital. IPD Products is led by an experienced founding team and plans to expand the product line to include integrations with HVAC systems and PPE.
Investment Overview
Invested : $256,711
Deal Terms
Total Commitments
- Platform
- Microventures
- Start Date
- 08/17/2020
- Close Date
- 01/11/2021
$25,000
$1,070,000
$100
Convertible Note
Early Stage
RegCF
$5,000,000
20%
Company & Team
Company
- Year Founded
- 2020
- Industry
- Consumer Products, Goods & Services
- Tech Sector
- Distribution Model
- B2B/B2C
- Margin
- Medium
- Capital Intensity
- High
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