Mivium

Mivium

Open  for investment

About this raise

Mivium, with a valuation of $22.6 million, is raising funds on Equifund CFP. It is a material science company developing its patented technology to make high-quality gallium nitride. Mivium has a highly differentiated product with a low carbon footprint that is aimed at being used in the semiconductors industry. The Mivium gallium nitride particles are expected to cost less with no harmful environmental impact and will generate higher yield and purity. Eric Tsai and Rick Qiu founded Mivium in July 2022. The current crowdfunding campaign has a minimum target of $20,000 and a maximum target of $5 million. The campaign proceeds will be used for research and development, sales and marketing, IP development and protection, cybersecurity, working capital, and general corporate purposes.

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Investment Overview

Committed this round: $3,919,446

Deal Terms

Total Commitments ($USD)

Platform
Equifund
Start Date
09/05/2024
Close Date
04/29/2025
Min. Goal
$20,000
Max Goal
$5,000,000
Min. Investment

$500

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$0.10

Pre-Money Valuation

$22,600,000

Company & Team

Company

Year Founded
2022
Industry
Security, Cybersecurity, & Defense
Tech Sector
Hardwaretech
Distribution Model
B2B
Margin
Low
Capital Intensity
High
Location
South El Monte, California
Business Type
Growth
Company Website
Visit Website

Team

Employees
5
Prior Founder Exits?
No
Founder Name
Eric Tsai
Title
CEO
Founder Name
Rick Qiu
Title
SVP

Financials

as of Fiscal Year 2023
 Revenue
$0
 Monthly Burn
$34,017
 Runway
3.1 months

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$0

$0

COGS

$378,715

$276,070

Tax

$29,242

$10,029

 

 

Net Income

$-408,207

$-286,099

Summary Balance Sheet

FY 2023 FY 2022

Cash

$106,440

$107,284

Accounts Receivable

$922,951

$0

Total Assets

$1,036,626

$118,785

Short-Term Debt

$1,610,016

$378,438

Long-Term Debt

$100,000

$0

Total Liabilities

$1,710,016

$378,438

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$1,343,330
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
04/29/2025 Equifund $22,600,000 $3,919,446 Equity - Common Active RegCF
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Add to portfolio
Mivium on Equifund CFP 2024
Platform: Equifund
Security Type: Equity - Common
Valuation: $22,600,000
Price per Share: $0.10

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Follow Mivium on Equifund CFP 2024

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