ORPC

ORPC

Closed: Jul. 2019

About this raise

ORPC, the developer of a new hydropower technology, is raising funds on NetCapital. The company has a post-money valuation of $37.17 million. ORPC is an innovative energy company offering a zero carbon solution to energy needs. It uses water currents to extract clean and renewable energy, thereby reducing carbon emissions. ORPC was founded by Christopher R. Sauer, along with two colleagues, in 2004. The current crowdfunding round has a minimum target of $10,000 and a maximum target of $9,999,990, and the proceeds will be used for the growth of the first product, RivGen, and the development of the second product, TidGen. ORPC has already received numerous awards and accolades and is in the list of Top 10 World’s Most Innovative Energy Companies.

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Investment Overview

Invested this round: $623,788

Deal Terms

Total Commitments ($USD)

Platform
Netcapital
Start Date
03/14/2019
Close Date
07/25/2019
Min. Goal
$10,010
Max Goal
$1,069,992
Min. Investment

$110

Security Type

Equity - Common

SEC Filing Type

RegCF / RegD 506(c)    Open SEC Filing

Price Per Share

$22.00

Pre-Money Valuation

$37,165,084

Company & Team

Company

Year Founded
2017
Industry
Energy, Power, & Natural Resources
Tech Sector
Location
Portland, Maine
Company Website
Visit Website

Team

Employees
30

Financials

Financials are not currently available for this company. This may occur if the company is still Testing the Waters, is a Regulation D offering, or if the financials are still under review and being confirmed by our team. For Reg CF and Reg A+ raises, please check back later.

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
07/25/2019 Netcapital $37,165,084 $623,788 Equity - Common Funded RegCF / RegD 506(c)
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ORPC on NetCapital
Platform: Netcapital
Security Type: Equity - Common
Valuation: $37,165,084
Price per Share: $22.00

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Warning: according to the close date for this deal, ORPC may no longer be accepting investments.

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