KMX Technologies

Growth Stage

Through our proprietary technology, KMX has changed how critical minerals and lithium are secured, and provides next generation water treatment opportunities.

Overview

Raised to Date: Raised: $61,124

Total Commitments ($USD)

Platform

Netcapital

Start Date

10/21/2022

Close Date

03/31/2023

Min. Goal

$10,000

Max. Goal

$500,000

Min. Investment

$100

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$2.00

Pre-Money Valuation

$60,145,534

Rolling Commitments ($USD)

Status

Active

Reporting Date

03/31/2023

Days Remaining

0

% of Min. Goal

611%

% of Max. Goal

12%

Likelihood of Max
unlikely
Avg. Daily Raise

$380

Momentum
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Year Founded

2020

Industry

Energy, Power, & Natural Resources

Tech Sector

Cleantech

Distribution Model

B2B

Margin

Low

Capital Intensity

High

Location

Wilmington, Delaware

Business Type

Growth

KMX Technologies, with a valuation of $60.1 million, is raising funds on NetCapital. The company has developed a proprietary technology that provides next-generation water treatment while keeping the critical minerals and lithium secured. The water treatment technology of KMX Technologies works on a low-cost lease and license business model and enhances lithium recovery rates for all processes. KMX Technologies aims to fulfill the rare earth elements and magnets demand of electric vehicles, communications, and defense industries. Zachary Sadow and Bina Khan founded KMX Technologies in February 2020. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $500,000. The campaign proceeds will be used for salaries, equipment, marketing, insurance, travel, engineering software, communications, and more.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$15,000

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-702,814

$-121,199

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$517,198

$233,507

Accounts Receivable

$0

$0

Total Assets

$879,005

$594,604

Short-Term Debt

$0

$0

Long-Term Debt

$326,825

$117,306

Total Liabilities

$326,825

$117,306

Financials as of: 10/21/2022
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
KMX Technologies 03/31/2023 Netcapital $60,145,534 $61,124 Equity - Common Active RegCF
KMX Technologies 08/05/2022 Netcapital $40,086,294 $1,069,999 Equity - Common Funded RegCF
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KMX Technologies on NetCapital 2022
Platform: Netcapital
Security Type: Equity - Common
Valuation: $60,145,534

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