IX Water

IX Water

Early Stage

Revolutionary Water Recycling Technology

Revolutionary Water Recycling Technology

Overview

Raised this Round: Raised: $435,363

Total Commitments ($USD)

Platform

Wefunder

Start Date

11/16/2022

Close Date

04/29/2024

Min. Goal
$50,000
Max. Goal
$2,000,000
Min. Investment

$250

Security Type

Equity - Preferred

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$2.50

Pre-Money Valuation

$33,200,000

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

IX Water, with a valuation of $33.2 million, is raising funds on Wefunder. 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. The patented technology of IX Water was developed at Los Alamos National Laboratory and other federal labs and universities. John R. Deal and Randall Wilson founded IX Water in 2014. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $2 million. The campaign proceeds will be used for operations, sales and marketing, engineering, and capital expenses.

Summary Profit and Loss Statement

FY 2021 FY 2020

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-617,569

$-699,149

Summary Balance Sheet

FY 2021 FY 2020

Cash

$21,148

$321,777

Accounts Receivable

$0

$0

Total Assets

$526,860

$618,527

Short-Term Debt

$418,964

$409,490

Long-Term Debt

$158,890

$0

Total Liabilities

$577,854

$409,490

Financials as of: 11/16/2022
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
IX Water 04/28/2024 Wefunder $33,200,000 $435,363 Equity - Preferred Funded RegCF
IX Water 01/24/2022 StartEngine $13,100,000 $1,981,996 Equity - Common Funded RegCF
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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 Wefunder 2022
Platform: Wefunder
Security Type: Equity - Preferred
Valuation: $33,200,000
Price per Share: $2.50

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

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