IX Water (2022)

About this raise

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.

Expand

Investment Overview

Invested this round: $1,981,996

Deal Terms

Total 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

Company Stage

Early Stage

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$1.25

Pre-Money Valuation

$13,100,000

Company & Team

Company

Year Founded
2014
Industry
Energy, Power, & Natural Resources
Tech Sector
Cleantech
Distribution Model
B2B
Margin
Low
Capital Intensity
High
Location
Golden, Colorado
Business Type
Growth
Company Website
Visit Website

Team

Employees
2
Prior Founder Exits?
Yes
Founder Name
John R Grizz Deal
Title
Executive Chairman & CEO
Founder Name
Randy Wilson
Title
CFO

Financials

 Revenue
$0
 Monthly Burn
$38,701
 Runway
0.2 months

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

Create a free account today to gain access to Kingscrowd analytics and financials.

Upgrade to gain access

Pay Monthly
Annually (2 months free)

Edge

$12.50 /month
billed annually
Free portfolio tracking, data-driven ratings, AI analysis and reports
Plan Includes:
Everything in Free, plus
Company specific Kingscrowd ratings and analyst reports
Deal explorer and side-by-side comparison
Startup exit and failure tracking
Startup market filters and historical industry data
Advanced company search ( with ratings)
Get Edge Annual
Already a member? Log in here.

Ratings Kingscrowd Startup Rating Methodology Article

Blurred Ratings Bars Blurred Ratings Bars

Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
09/08/2025 StartEngine $33,202,075 $76,194 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
Create a free account today to gain access to Kingscrowd analytics.

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

Founders: enhance your startup's credibility on Kingscrowd. Create an account to claim this raise page.
Add to portfolio
IX Water on StartEngine
Platform: StartEngine
Security Type: Equity - Common
Valuation: $13,100,000
Price per Share: $1.25

Follow company

Follow IX Water on StartEngine

Buy IX Water's Deal Report

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

IX Water Deal Report

Get Kingscrowd's comprehensive report on IX Water including:

  • How our proprietary algorithm rates their current capital raise (1-5 stars)
  • Detailed price, market, team, differentiators, performance, and risk ratings
  • Whether IX Water is undervalued or overvalued
  • Scores on the founding team and key personnel's background and expertise

Buy the IX Water deal report for only $10!

Email address:
Looking to buy more than one deal report? Get unlimited reports by upgrading to Edge