IX Water

Early Stage

Revolutionary Water Recycling Technology

Analytics

Raised to Date: Raised: $1,713,771

Aggregate Commitments $

Platform

StartEngine

Start Date

05/20/2020

Close Date

01/25/2022

Min. Goal

$10,000

Max. Goal

$2,000,000

Min. Investment

$250

Security Type

Equity - Common

Funding Type

RegCF

Series

Pre-Seed

Pre-Money Valuation

$13,100,000

Rolling Commitments $

Status

Active

Reporting Date

11/28/2021

Days Remaining

58

% of Min. Goal

17,138%

% of Max. Goal

86%

Likelihood of Max
unlikely
Avg. Daily Raise

$3,077

Momentum
cool.svg
Log in or create a free account today to gain access to KingsCrowd analytics.
Location

Golden, Colorado

Industry

Energy, Power, & Natural Resources

Tech Sector

Cleantech

Distribution Model

B2B

Margin

Low

Capital Intensity

High

Business Type

Growth

IX Water, with a pre-money valuation of $13.1 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 was founded by John R. Deal and Randall Wilson in 2014. The proceeds of the current round of crowdfunding, with a minimum target of $10,000 and a maximum target of $1,070,000, will be used to grow and expand the operations. IX Water’s proprietary technology was invented by scientists at Los Alamos National Laboratory, in collaboration with the University of Texas and New Mexico Tech. The company began its commercial sales program in 2019 and has received its first three purchases.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-464,417

$-492,333

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$6,507

$851

Accounts Receivable

$0

$0

Total Assets

$174,856

$167,543

Short-Term Debt

$185,967

$129,818

Long-Term Debt

$707,656

$307,870

Total Liabilities

$893,623

$437,688

Financials as of: 05/20/2020
Log in or create a free account today to gain access to KingsCrowd analytics.

Upgrade to gain access

Pay Monthly
Annually (Save 17%)

Starter

$8.33 /month
billed annually
Free portfolio tracking. Limited reports and filters.
Plan Includes:
Everything in Free, plus
Advanced company search ( limited filters)
Founder profiles and exclusive webinars
2 Analyst Reports per month
Get Starter Annual

Pro

$25 /month
billed annually
Unlimited analyst reports and market analytics.
Plan Includes:
Everything in Starter, plus
Full access to all Analyst Reports
Filter on Staff Picks (e.g. Top Deal, Deal to Watch, etc.)
Market Analytics
Get Pro Annual

Merlin

$41.67 /month
billed annually
Full site access including Merlin ratings.
Plan Includes:
Everything in Pro, plus
Search and filter companies by Merlin ratings
Company specific Merlin rating and risk assessment
Get Merlin Annual
Already a member? Log in here.

Ratings

Analyst Report

Create your first portfolio

Create your very own investment portfolio on KingsCrowd.

Now you can track all of your startup investments in one place utilizing our state-of-the-art portfolio tracker tools. To begin, create your first portfolio below.

Add to portfolio
IX Water on StartEngine
$
Platform: StartEngine
Security Type: Equity - Common
Valuation: $13,100,000

Follow company

Follow IX Water on StartEngine