Well Water Finders

Well Water Finders

Early Stage

THE FUTURE OF WATER AVAILABILITY

THE FUTURE OF WATER AVAILABILITY

Overview

Raised to Date: Raised: $50,879

Total Commitments ($USD)

Platform

Netcapital

Start Date

03/04/2024

Close Date

06/06/2024

Min. Goal
$10,000
Max. Goal
$1,215,600
Min. Investment

$99

Security Type

Equity - Common

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$0.60

Pre-Money Valuation

$4,680,000

Rolling Commitments ($USD)

Status

Active

Reporting Date

04/15/2024

Days Remaining

52

% of Min. Goal

509%

% of Max. Goal

4%

Likelihood of Max
unlikely
Avg. Daily Raise

$1,211

Momentum
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Year Founded

2020

Industry

Energy, Power, & Natural Resources

Tech Sector

Hardwaretech

Distribution Model

B2B

Margin

High

Capital Intensity

Low

Location

Meridian, Texas

Business Type

Growth

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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Well Water Finders on NetCapital 2024
Platform: Netcapital
Security Type: Equity - Common
Valuation: $4,680,000
Price per Share: $0.60

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