WaterWorks

WaterWorks

Closed: Sep. 2021

About this raise

WaterWorks, doing business as WWF Holdings, Inc., is raising funds on NetCapital. The company has a post-money valuation of $11.5 million and introduces investors to opportunities in technology companies and projects. Investors get to access WaterWorks’ online investment platform, find the companies the require capital, and invest in them. The investments also help in the acceleration of potential water solutions. WaterWorks was founded by Lon Johnson, Julianna Smoot, and Brian Spangle in 2018. The proceeds of the current round of crowdfunding, with a minimum target of $10,000 and a maximum target of $1,000,000, will be used towards debt servicing, sales and marketing, operations, and personnel. WaterWorks is targeting investors interested in sustainable investing and is creating value both for investors and water companies.

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Investment Overview

Invested this round: $142,215

Deal Terms

Total Commitments

Platform
Netcapital
Start Date
03/23/2020
Close Date
09/27/2021
Min. Goal
$10,000
Max Goal
$1,000,000
Min. Investment

$99

Security Type

Equity - Common

Company Stage

Early Stage

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$1.00

Pre-Money Valuation

$11,500,000

Company & Team

Company

Year Founded
2018
Industry
Financial & Insurance Products & Services
Tech Sector
Fintech
Distribution Model
B2B
Margin
Low
Capital Intensity
Low
Location
Detroit, Michigan
Business Type
Growth
Company Website
Visit Website

Team

Employees
3
Prior Founder Exits?
No
Founder Name
Lon Johnson
Title
CEO

Financials

 Revenue
$0
 Monthly Burn
$14,286
 Runway
0.2 months

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-171,430

$0

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$2,197

$0

Accounts Receivable

$0

$0

Total Assets

$42,016

$0

Short-Term Debt

$179,346

$0

Long-Term Debt

$34,000

$0

Total Liabilities

$213,346

$0

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Ratings Kingscrowd Startup Rating Methodology Article

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
09/27/2021 Netcapital $11,500,000 $142,215 Equity - Common Funded RegCF
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Founder Interview

WaterWorks Founder Lon Johnson Talks Crowdfunded Water

Water is rapidly becoming a valuable and limited resource. Globally, 1 in 9 people do not have access to safe water. Climate change and growing populations are likely to add further stress to the already taxed water cycle.

WaterWorks wants to connect innovative, water-focused startups with potential investors to enable the future of water technology. The compnay operates as an online platform where companies with solutions to the water problems we are facing can raise capital from concerned investors.

We sat down with founder Lon Johnson to discuss WaterWorks's mission, the exceptionally strong team behind it, and where the company is headed.

Note: This interview was conducted over email. It has been lightly edited for clarity and length.

Read Founder Interview

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WaterWorks on Netcapital
Platform: Netcapital
Security Type: Equity - Common
Valuation: $11,500,000
Price per Share: $1.00

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

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