IX Water

IX Water

About this raise

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.

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Investment Overview

Invested this round: $435,363

Deal Terms

Total Commitments ($USD)

Platform
Wefunder
Start Date
11/17/2022
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

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
3
Prior Founder Exits?
No
Founder Name
John Deal
Title
CEO
Founder Name
Randy Wilson
Title
CFO

Financials

as of Fiscal Year 2021
 Revenue
$0
 Monthly Burn
$51,464
 Runway
0.4 months

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

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$4,151,786
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
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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Add to portfolio
IX Water on Wefunder 2022
Platform: Wefunder
Security Type: Equity - Preferred
Valuation: $33,200,000
Price per Share: $2.50

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Follow IX Water on Wefunder 2022

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

IX Water Deal Report

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  • Scores on the founding team and key personnel's background and expertise

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