IPD Products

IPD Products

Early Stage

Ionic Plague Destroyer air sterilizer designed to combat airborne pathogens like SARS-CoV-2

Ionic Plague Destroyer air sterilizer designed to combat airborne pathogens like SARS-CoV-2

Overview

Raised to Date: Raised: $256,711

Total Commitments ($USD)

Platform

Microventures

Start Date

08/16/2020

Close Date

01/10/2021

Min. Goal
$25,000
Max. Goal
$1,070,000
Min. Investment

$100

Security Type

Convertible Note

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$5,000,000

Discount

20%

Rolling Commitments ($USD)

Status
Funded
Reporting Date

01/30/2021

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$1,746

# of Investors

666

Momentum
Funded
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Year Founded

2020

Industry

Consumer Products, Goods & Services

Tech Sector

Hardwaretech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

High

Location

Midlothian, Texas

Business Type

Growth

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.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$2,836

$0

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$1,264

$0

Accounts Receivable

$0

$0

Total Assets

$62,545

$0

Short-Term Debt

$15,000

$0

Long-Term Debt

$50,381

$0

Total Liabilities

$65,381

$0

Financials as of: 08/16/2020
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
IPD Products 12/13/2021 Microventures $5,000,000 $25,167 Convertible Note Funded RegCF
IPD Products 01/10/2021 Microventures $5,000,000 $256,711 Convertible Note Funded RegCF
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IPD Products on MicroVentures
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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