Kara Water (2025)

About this raise

Kara Water, with a valuation of $61.41 million, is raising funds on StartEngine. The company has created a device that transforms air into clean water. Kara Water’s Kara Pure captures air from the environment, removes impurities, and extracts moisture from it through desiccation, creating high-quality and pure drinking water. The business has achieved $2.2 million in sales and has signed a supplier agreement with Costco. Cody Soodeen and Michael Di Giovanna founded Kara Water in July 2020. The current crowdfunding campaign has a minimum target of $9,994.53 and a maximum target of $3.8 million. The campaign proceeds will be used for sales and marketing of Kara Pure, product development, and general and administrative expenses.

Investment Overview

Committed this round: $169,426

Deal Terms
Company & Team

Total Commitments

Platform: StartEngine
Start Date: 04/24/2025
Close Date: 07/22/2025

Min. Goal
$9,995

Max Goal
$3,828,873

Min. Investment

$497

Security Type

Equity - Common

Company Stage

Growth Stage

SEC Filing Type

RegCF

Price Per Share

$6.37

Pre-Money Valuation

$61,408,170

Company

Year Founded: 2020
Industry: Consumer Products, Goods & Services
Tech Sector: Hardwaretech
Distribution Model: B2B/B2C
Margin: Medium
Capital Intensity: Low
Location: New York, New York
Business Type: Growth
Company Website: Visit Website

Team

Employees: 2
Prior Founder Exits?: No

Founder Name: Cody Soodeen
Title: CEO

Founder Name: Michael Di Giovanna
Title: Board of Directors

Financials

Revenue +15% YoY: $824,253
as of FY2024
Monthly Burn: $49,000
as of Apr '25
Runway: 6.7 months
as of Apr '25
Gross Margin: 48%
as of FY2024

View Detailed Financials

Summary Profit and Loss Statement

	FY 2024	FY 2023
Revenue	$824,253	$714,166
COGS	$428,698	$468,035
Tax	$0	$0


Net Income	$-467,334	$-386,067

Summary Balance Sheet

	FY 2024	FY 2023
Cash	$278,381	$5,195
Accounts Receivable	$0	$0
Total Assets	$819,962	$495,206
Short-Term Debt	$1,808,551	$1,059,550
Long-Term Debt	$0	$846,281
Total Liabilities	$1,808,551	$1,905,831

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Ratings

Total Prior Capital Raised: $2,925,568
VC Backed?: No

Close Date	Platform	Valuation	Total Raised	Security Type	Status	Reg Type
07/22/2025	StartEngine	$61,408,170	$169,426	Equity - Common	Active	RegCF
03/06/2025	StartEngine	$17,323,403	$457,699	Equity - Common	Funded	RegCF
01/07/2025	StartEngine	$15,996,960	$1,227,047	Equity - Common	Funded	RegCF

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Revenue
Valuation
Price per Share
Employees

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

View on StartEngine

Common Stock, $61.4M •

Closing Jul 22

15 Following

Add to Portfolio

11 Invested

Deal Considerations

1
Key Challenges
- Try Edge free for 7 days
Other Risks
- No other risks found

Kara Water (2025)

Kara Water (2025)

About this raise