About this raise
Undesert, with a valuation of $10 million, is raising funds on Fundify. The company has developed its patented water desalination technology that will help to reverse the adverse effects of global warming. The technology operates on 100% solar energy and helps to convert saline water to distilled water and dry salt. Undesert is already operating commercially and has proven operations in UAE for two years. Nicholas Seet founded Undesert in October 2021. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $245,000. The campaign proceeds will be used for land acquisition, desalination equipment, regulatory permits, engineering design, installation labor, supplies, and site management.
Investment Overview
Invested : $25,050
Deal Terms
Total Commitments
- Platform
- Fundify
- Start Date
- 01/20/2022
- Close Date
- 06/30/2022
$25,000
$250,000
$25
SAFE
Early Stage
RegCF
$10,000,000
20%
Company & Team
Company
- Year Founded
- 2021
- Industry
- Farming & Agriculture
- Tech Sector
- Distribution Model
- B2B
- Margin
- Low
- Capital Intensity
- High
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