Well Water Finders

About this raise

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.

Investment Overview

Invested this round: $88,755

Deal Terms
Company & Team

Total Commitments

Platform: Netcapital
Start Date: 03/05/2024
Close Date: 10/10/2024

Min. Goal
$10,000

Max Goal
$1,215,600

Min. Investment

$99

Security Type

Equity - Common

Company Stage

Early Stage

SEC Filing Type

RegCF

Price Per Share

$1.00

Pre-Money Valuation

$7,800,000

Company

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
Company Website: Visit Website

Team

Employees: 2
Prior Founder Exits?: No

Founder Name: Teisha Vandekop
Title: COO

Financials

Revenue +58% YoY: $106,836
as of FY2023
Monthly Burn: Profitable
as of FY2023
Cash on Hand: $115,377
as of FY2023

View Detailed Financials

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

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Ratings

Company Funding & Growth

Total Prior Capital Raised: $1,200,000
VC Backed?: No

Close Date	Platform	Valuation	Total Raised	Security Type	Status	Reg Type
10/10/2024	Netcapital	$7,800,000	$88,755	Equity - Common	Funded	RegCF

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View on Netcapital

Common Stock, $7.8M • Closed

2 Following

Add to Portfolio

4 Invested

Deal Considerations

1
Key Challenges
- Try Edge free for 7 days
Other Risks
- No other risks found

Well Water Finders

Well Water Finders

About this raise