IX Water (2025)

About this raise

IX Water, with a valuation of $33.2 million, is raising funds on StartEngine. The company uses its proprietary and environment-friendly technology to recycle industrially contaminated water. The patented technology of IX Water is at least 50% less costly and environmentally feasible. The systems remove 99.81% of the contaminants in water at less than 50% of the cost of traditional methods. IX Water’s patented technology was developed at Los Alamos National Laboratory and other federal labs and universities. John R. Deal and Randall Wilson founded IX Water in September 2014. The current crowdfunding campaign has a minimum target of $20,000 and a maximum target of $2.75 million. The campaign proceeds will be used for operations, sales and marketing, repayment of existing liabilities, and capital expenses.

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Investment Overview

Committed this round: $74,908

Deal Terms

Total Commitments

Platform
StartEngine
Start Date
04/09/2025
Close Date
04/30/2025
Min. Goal
$20,000
Max Goal
$2,750,000
Min. Investment

$250

Security Type

Equity - Preferred

Company Stage

Early Stage

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$2.50

Pre-Money Valuation

$33,202,075

Company & Team

Company

Year Founded
2014
Industry
Energy, Power, & Natural Resources
Tech Sector
Cleantech
Location
Golden, Colorado
Company Website
Visit Website

Team

Employees
1
Prior Founder Exits?
No
Founder Name
John Deal
Title
CEO
Founder Name
John Deal
Title
CEO
Founder Name
Randy Wilson
Title
CFO

Financials

 Revenue
$100,000
as of FY2023
 Monthly Burn
$27,500
as of Feb '25
 Runway
1 months
as of Feb '25

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$100,000

$0

COGS

$167,890

$0

Tax

$0

$0

 

 

Net Income

$-513,714

$-617,569

Summary Balance Sheet

FY 2023 FY 2022

Cash

$10,292

$21,148

Accounts Receivable

$6,520

$0

Total Assets

$317,853

$526,860

Short-Term Debt

$561,676

$418,964

Long-Term Debt

$96,332

$158,890

Total Liabilities

$658,008

$577,854

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
04/30/2025 StartEngine $33,202,075 $74,908 Equity - Preferred Active RegCF
04/29/2024 Wefunder $33,200,000 $435,363 Equity - Preferred Funded RegCF
01/25/2022 StartEngine $13,100,000 $1,981,996 Equity - Common 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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IX Water on StartEngine 2025
Platform: StartEngine
Security Type: Equity - Preferred
Valuation: $33,202,075
Price per Share: $2.50

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Follow IX Water on StartEngine 2025

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