Overview

Raised to Date: Raised: $154,669

Deal Terms

Investment Momentum

Company Profile

Deal Summary

Financials

Total Commitments ($USD)

Platform

Wefunder

Start Date

05/20/2022

Close Date

10/25/2022

Min. Goal

$50,000

Max. Goal

$250,000

Min. Investment

$100

Security Type

SAFE

Series

Seed

SEC Filing Type

RegCF    

Valuation Cap

$6,000,000

Discount

0%

Rolling Commitments ($USD)

Status

Funded

Reporting Date

10/30/2022

Days Remaining

Funded

% of Min. Goal

Funded

% of Max. Goal

Funded

Likelihood of Max

Funded

Avg. Daily Raise

$985

# of Investors

154

Momentum

Funded

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Laminar Scientific

Year Founded

2021

Industry

Energy, Power, & Natural Resources

Tech Sector

Cleantech

Distribution Model

B2B

Margin

Medium

Capital Intensity

High

Location

Iowa City, Iowa

Business Type

Growth

Company Website

Laminar Scientific, with a valuation of $6 million, is raising funds on Wefunder. It is a revolutionary wave energy company that aims to innovate energy tech for coastal communities. The go-to-market wave energy product of Laminar Scientific is a nearshore microgram solution that will help to reduce energy costs due to unique infrastructure complexities. Laminar Scientific is drafting an MOU with an Asian developer, has discussions underway with Floridian and African developers, and has a collaboration LOI with a solar energy startup. Narayan Iyer founded Laminar Scientific in June 2021. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $250,000. The campaign proceeds will be used for patent protections, prototype manufacturing, engineering team expansions, and marketing.

Summary Profit and Loss Statement

	Most Recent Year	Prior Year
Revenue	$0	$0
COGS	$0	$0
Tax	$0	$0
Net Income	$-38,734	$0

Summary Balance Sheet

	Most Recent Year	Prior Year
Cash	$171,766	$0
Accounts Receivable	$0	$0
Total Assets	$175,766	$0
Short-Term Debt	$0	$0
Long-Term Debt	$0	$0
Total Liabilities	$0	$0

Financials as of: 05/20/2022

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Laminar Scientific Founder Narayan Iyer on the Power of Wave Energy

Solar energy is often in the spotlight for being one of the cheapest forms of energy available. But wave energy — though less well-known — is also a promising form of renewable energy. It’s easy to estimate how much energy waves will generate, and wave energy is dependably available throughout the year.

Laminar Scientific is developing a patent-pending nearshore wave energy solution. The company’s technology aims to combat the challenges usually associated with collecting wave energy, including multi-directional energy and costly maintenance. We reached out to founder and CEO Narayan Iyer to hear more about the company’s plans and the need for a truly international approach for achieving sustainability.

Note: This interview was conducted over phone and email. It has been lightly edited for clarity and length.

Read Founder Interview