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.
Investment Overview
Raised: $164,800
Deal Terms
Company & Team
Company
- Year Founded
- 2021
- Industry
- Energy, Power, & Natural Resources
- Tech Sector
- Distribution Model
- B2B/B2C
- Margin
- Low
- Capital Intensity
- High
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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 |
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.