Overview
Raised: $614,782
Total Commitments ($USD)
Platform
truCrowd
Start Date
08/10/2021
Close Date
04/30/2022
Min. Goal
$10,000
Max. Goal
$1,070,000
Min. Investment
$200
Security Type
Equity - Common
Series
Pre-Seed
SEC Filing Type
RegCF
Price Per Share
$2.00
Pre-Money Valuation
$18,000,000
Rolling Commitments ($USD)
Status
Funded
Reporting Date
05/01/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$2,338
# of Investors
1,331
Momentum
Funded
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Year Founded
2015
Industry
Energy, Power, & Natural Resources
Tech Sector
EnterpriseTech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
Low
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: 08/10/2021
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