Oxydus
Early Stage
Patented tech that could decentralize water distribution & solve a water crisis
Overview
Raised: $175,255
Total Commitments ($USD)
Platform
Wefunder
Start Date
01/11/2024
Close Date
08/26/2024
Min. Goal
$50,000
Max. Goal
$1,235,000
Min. Investment
$100
Security Type
Equity - Preferred
Series
Pre-Seed
SEC Filing Type
RegCF
Price Per Share
$2.50
Pre-Money Valuation
$20,000,000
Rolling Commitments ($USD)
Status
Active
Reporting Date
05/06/2024
Days Remaining
111
% of Min. Goal
351%
% of Max. Goal
14%
Likelihood of Max
Avg. Daily Raise
$1,511
# of Investors
449
Momentum
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Year Founded
2022
Industry
Energy, Power, & Natural Resources
Tech Sector
Cleantech
Distribution Model
B2B
Margin
Medium
Capital Intensity
High
Oxydus, with a valuation of $20 million, is raising funds on Wefunder. The company has developed a patented technology that could decentralize water distribution. Oxydus’ remotely managed water production system, Teva7, will soon hit the market and bring clean and drinkable water to scale. A single unit of Teva7 will be able to produce a minimum of 20,000 liters of clean drinking water daily and solve a water crisis. Joseph Aoun founded Oxydus in June 2022. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1.24 million. The campaign proceeds will be used for marketing, hiring a patents attorney, and maintaining existing patents and trademarks.
Summary Profit and Loss Statement
| FY 2023 | FY 2022 | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-33,571 |
$-23,200 |
Summary Balance Sheet
| FY 2023 | FY 2022 | |
|---|---|---|
|
Cash |
$66 |
$306 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$24,700 |
$26,420 |
|
Short-Term Debt |
$410,411 |
$378,561 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$410,411 |
$378,561 |
Financials as of: 01/11/2024
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