About this raise: 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.
Investment Overview
Invested : $73,624
Deal Terms
Total Commitments ($USD)
- Platform
- Netcapital
- Start Date
- 10/21/2022
- Close Date
- 03/31/2023
$10,000
$500,000
$100
Equity - Common
Seed
RegCF
$2.00
$60,145,534
Company & Team
Company
- Year Founded
- 2020
- Industry
- Energy, Power, & Natural Resources
- Tech Sector
- Distribution Model
- B2B
- Margin
- Low
- Capital Intensity
- High
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $1,069,999
- VC Backed?
- No
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.