Overview

Raised to Date: Raised: $164,800

Deal Terms

Investment Momentum

Company Profile

Deal Summary

Financials

Total Commitments ($USD)

Platform

Raise Green

Start Date

06/03/2021

Close Date

07/31/2021

Min. Goal

$15,000

Max. Goal

$250,000

Min. Investment

$500

Security Type

SAFE

Series

Pre-Seed

SEC Filing Type

RegCF    

Valuation Cap

$5,000,000

Discount

20%

Rolling Commitments ($USD)

Status

Funded

Reporting Date

07/31/2021

Days Remaining

Funded

% of Min. Goal

Funded

% of Max. Goal

Funded

Likelihood of Max

Funded

Avg. Daily Raise

$2,891

# of Investors

75

Momentum

Funded

Create a free account today to gain access to KingsCrowd analytics.

Logos provided by Clearbit

Ola Filter

Year Founded

2021

Industry

Energy, Power, & Natural Resources

Tech Sector

Cleantech

Distribution Model

B2B/B2C

Margin

Low

Capital Intensity

High

Location

Bend, Oregon

Business Type

Growth

Company Website

Ola Filter, with a $5 million valuation cap, is raising funds on Raise Green. The social business has designed a patent-pending and affordable water filter to end water poverty in developing countries. The design can be easily tooled, produced, and scaled and will help consumers save a lot of money on their water purchases. Elizabeth Clandos and Monika Goforth founded Ola Filter in March 2021. The current crowdfunding round has a minimum raise of $15,000 and a maximum raise of $250,000. The raise proceeds will target the design, manufacture, and distribution of the filter. Ola Filter plans to begin production in the summer of 2021 and enter the Central American market in the fall of 2021. The design has won the Aurora Consulting RISE award for provisional patent filing.

Summary Profit and Loss Statement

	Most Recent Year	Prior Year
Revenue	$0	$0
COGS	$0	$0
Tax	$0	$0
Net Income	$0	$0

Summary Balance Sheet

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

Financials as of: 06/03/2021

Create a free account today to gain access to KingsCrowd analytics.

Founder Profile: Elizabeth Clandos of Ola Filter

In well-developed countries, clean water is readily accessible at the mere turn of knob almost anywhere. But in many poorer and less developed countries, clean water can be expensive and difficult to come by. 

Ola Filter has a solution. This women-owned business creates simple, affordable water filters that can be distributed in less developed countries. We reached out to its CEO and co-founder Elizabeth Clandos to learn the origins of the company and its goals going forward.

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

Read Founder Interview