WaterBlocks

WaterBlocks

Early Stage

Rapidly-Deployable Flood Barrier System

Rapidly-Deployable Flood Barrier System

Overview

Raised this Round: Raised: $36,286

Platform

truCrowd

Start Date

08/09/2021

Close Date

05/31/2022

Min. Goal
$10,000
Max. Goal
$1,070,000
Min. Investment

$200

Security Type

Equity - Common

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$2.00

Pre-Money Valuation

$18,000,000

Year Founded

2015

Industry

Energy, Power, & Natural Resources

Tech Sector

EnterpriseTech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

Low

Location

Denver, Colorado

Business Type

Growth

WaterBlocks, with a pre-money valuation of $18 million, is raising funds on TruCrowd. The company is revolutionizing the game when it comes to flood barrier systems. Their product rapidly deploys, and its superior design is ideal for use with traffic safety and control, construction site protection, and natural resource conservation. Joseph Daniluk founded WaterBlocks in 2015. The current crowdfunding round has a minimum goal of $10,000 and a maximum goal of $1,070,000, and the funds will be used for growth and expansion. WaterBlocks, which is a registered trademark and dba of Locking Line Barriers, are steel-reinforced, interconnecting plastic units that link together to create a watertight wall of protection. Their unique design allows for rapid deployment, efficient assembly, and easy removal.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-136,183

$-58,767

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$27,593

$39

Accounts Receivable

$24,250

$13,980

Total Assets

$81,503

$27,169

Short-Term Debt

$11,000

$0

Long-Term Debt

$0

$0

Total Liabilities

$11,000

$0

Financials as of: 08/09/2021
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
WaterBlocks 05/30/2022 truCrowd $18,000,000 $36,286 Equity - Common Funded RegCF
WaterBlocks 04/30/2021 StartEngine $18,100,000 $576,932 Equity - Common Funded RegCF
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Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Valuation History

Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Employee History

Funding data not publicly available

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WaterBlocks on TruCrowd 2021
Platform: truCrowd
Security Type: Equity - Common
Valuation: $18,000,000
Price per Share: $2.00

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