No-H2O
About this raise
No-H2O, with a $13 million pre-money valuation, is raising funds on StartEngine. The company specializes in the on-demand car wash. It uses a proprietary waterless formula and advanced infrastructure to offer its premium products and services to consumers and B2B customers. Emmet O’Brien founded No-H2O in May 2020. The current crowdfunding round has a minimum target of $10,000 and a maximum target of $1,070,000. The funds will be used for marketing, growing the team, and expansion. No-H2O has proven track record with 20,000 on-demand app downloads and franchise growth in seven new US cities in just 12 months. The company has generated over $6 million in lifetime sales, with year-over-year sales growth of 978% in 2020.
Investment Overview
Invested $127,974 :
Deal Terms
Company & Team
Company
- Year Founded
- 2020
- Industry
- Consumer Products, Goods & Services
- Tech Sector
- Distribution Model
- B2B/B2C
- Margin
- High
- Capital Intensity
- Low
Financials
- Revenue +91% YoY
- $886,255
- Monthly Burn
- $11,658
-
Runway
- 0 months
- Gross Margin
- 74%
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Company Funding & Growth
Funding history
Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
---|---|---|---|---|---|---|
03/19/2021 | StartEngine | $13,000,000 | $127,974 | Equity - Common | Funded | RegCF |