Lightning Clean
About this raise
Lightning Clean, with a valuation of $14.3 million, is raising funds on StartEngine. The company is developing an all-in-one washing machine utilizing cutting-edge technology and a compact design. The washing machine, Lightning One, uses Detergent Osmosis and high-torque technology and is capable of a 10-minute wash and 20-minute drying cycle. Lightning Clean’s product is in the prototype phase of development and aims to fit the needs of modern homeowners. Ethan Blount founded Lightning Clean in February 2022. The current crowdfunding campaign has a minimum target of $9,998.38 and a maximum target of $1,069,998.02. The campaign proceeds will be used for extensive tooling, staffing for distribution and operations, and legal fees for patents and IP protection.
Investment Overview
Invested : $106,396
Deal Terms
Total Commitments
- Platform
- StartEngine
- Start Date
- 04/28/2022
- Close Date
- 08/25/2022
$9,998
$1,069,998
$119
Equity - Common
Early Stage
RegCF
$2.38
$14,280,000
Company & Team
Company
- Year Founded
- 2022
- Industry
- Consumer Products, Goods & Services
- Tech Sector
- Distribution Model
- B2B/B2C
- Margin
- Low
- Capital Intensity
- High
Upgrade to gain access
-
$12.50 /month
billed annually - Free portfolio tracking, data-driven ratings, AI analysis and reports
- Plan Includes:
- Everything in Free, plus
- Company specific
Kingscrowd ratings and analyst reports
- Deal explorer and side-by-side comparison
- Startup exit and failure tracking
- Startup market filters and historical industry data
- Advanced company search ( with ratings)
- Get Edge Annual
Edge
Ratings 
Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $0
- VC Backed?
- No
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 08/25/2022 | StartEngine | $14,280,000 | $106,396 | Equity - Common | Funded | RegCF |