Ola Filter

Ola Filter

[Closed for Investment] 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.

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Investment Overview

Raised this Round: Raised: $164,800

Deal Terms

Total Commitments ($USD)

Platform
Raise Green
Start Date
06/04/2021
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    Open SEC Filing

Valuation Cap

$5,000,000

Discount

20%

Company & Team

Company

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
Visit Website

Team

Employees
3
Prior Founder Exits?
No
Founder Name
Elizabeth Clandos
Title
CEO
Founder Name
Theresa Smith
Title
CTO

Financials

 Revenue
$0
 Cash on Hand
$0

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

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
07/31/2021 Raise Green $5,000,000 $164,800 SAFE Funded RegCF
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Founder Profile

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

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Ola Filter on Raise Green 2021
Platform: Raise Green
Security Type: SAFE
Valuation: $5,000,000

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