Well Water Finders
Early Stage
THE FUTURE OF WATER AVAILABILITY
Overview
Raised: $63,478
Rolling Commitments ($USD)
Status
Active
Reporting Date
05/07/2024
Days Remaining
30
% of Min. Goal
635%
% of Max. Goal
5%
Likelihood of Max
Avg. Daily Raise
$992
Momentum
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Year Founded
2020
Industry
Energy, Power, & Natural Resources
Tech Sector
Hardwaretech
Distribution Model
B2B
Margin
High
Capital Intensity
Low
Well Water Finders, with a valuation of $4.68 million, is raising funds on NetCapital. The company has developed the technology to locate water in a drought-stricken world. Well Water Finders’ patented equipment provides insights into the depth, volume, and location of groundwater and addresses challenges in agriculture, ranching, municipalities, and real estate. The business has a working prototype and has a pilot underway with Texas landowners, realtors, and commercial developers. Andrew Vandekop and Teisha Vandekop founded Well Water Finders in October 2020. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $1.2 million. The campaign proceeds will be used for manufacturing, R&D, new hires, management, and marketing.
Summary Profit and Loss Statement
FY 2023 | FY 2022 | |
---|---|---|
Revenue |
$106,836 |
$67,658 |
COGS |
$0 |
$0 |
Tax |
$2,000 |
$0 |
| ||
| ||
Net Income |
$80,707 |
$50,582 |
Summary Balance Sheet
FY 2023 | FY 2022 | |
---|---|---|
Cash |
$115,377 |
$39,007 |
Accounts Receivable |
$548 |
$0 |
Total Assets |
$143,186 |
$62,281 |
Short-Term Debt |
$0 |
$0 |
Long-Term Debt |
$0 |
$0 |
Total Liabilities |
$0 |
$0 |
Financials as of: 03/04/2024
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