IX Water

Early Stage

Revolutionary Water Recycling Technology

Overview

Raised to Date: Raised: $1,981,996

Total Commitments ($USD)

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

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$1.25

Pre-Money Valuation

$13,100,000

Rolling Commitments ($USD)

Status
Funded
Reporting Date

01/31/2022

Days Remaining
Funded
% of Min. Goal

19,820%

% of Max. Goal

99%

Likelihood of Max
Funded
Avg. Daily Raise

$3,223

# of Investors

2,727

Momentum
Funded
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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

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
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
IX Water 04/30/2023 Wefunder $33,200,000 $255,285 Equity - Preferred Active RegCF
IX Water 01/25/2022 StartEngine $13,100,000 $1,981,996 Equity - Common Funded RegCF
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IX Water on StartEngine
Platform: StartEngine
Security Type: Equity - Common
Valuation: $13,100,000

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