WaterWorks
Early Stage
A new way to invest in water.
Overview
Raised: $142,215
Total Commitments ($USD)
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
Series
Pre-Seed
SEC Filing Type
RegCF
Price Per Share
$1.00
Pre-Money Valuation
$11,500,000
Rolling Commitments ($USD)
Status
Funded
Reporting Date
10/03/2021
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$257
Momentum
Funded
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Year Founded
2018
Industry
Financial & Insurance Products & Services
Tech Sector
Fintech
Distribution Model
B2B
Margin
Low
Capital Intensity
Low
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.
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 |
Financials as of: 03/23/2020
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Founder Profile
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.
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