Whooshh Innovations
Growth Stage
We keep fish swimming
Overview
Platform
Andes Capital
Start Date
11/01/2023
Close Date
04/30/2024
Min. Goal
$10,000
Max. Goal
$4,000,000
Min. Investment
$249
Security Type
Equity - Common
Series
Seed
SEC Filing Type
RegCF
Price Per Share
$1.50
Pre-Money Valuation
$71,166,011
Year Founded
2007
Industry
Energy, Power, & Natural Resources
Tech Sector
Cleantech
Distribution Model
B2B
Margin
High
Capital Intensity
High
Whooshh Innovations is raising funds on Andes Capital. The company has developed innovative solutions to enable selective fish passage, restore natural habitats, and limit carbon dioxide. Whooshh Innovations’ sustainable fish passage solutions save fish, clean water, and protect the planet. The business has established commercial sales in the US, Canada, and the EU and has grown by 157% in 2022. The company has 48 patents granted and the other 50 pending and reported a revenue growth of 1202%. Vincent Bryan III founded Whooshh Innovations in April 2018. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $4 million. The campaign proceeds will be used for new project financing, hiring, and working capital.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$1,087,146 |
$482,379 |
|
COGS |
$470,383 |
$112,917 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-2,517,281 |
$-3,708,583 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$237,437 |
$3,875 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$1,546,556 |
$1,900,304 |
|
Short-Term Debt |
$5,384,207 |
$2,974,892 |
|
Long-Term Debt |
$1,691,612 |
$2,940,055 |
|
Total Liabilities |
$7,075,819 |
$5,914,947 |
Financials as of: 11/01/2023
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Raise History
| Offering Name | Close Date | Platform | Valuation/Cap | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|---|
| Whooshh Innovations | 04/30/2024 | Andes Capital | $71,166,011 | - | Equity - Common | Active | RegCF |
| Whooshh Innovations | 04/17/2023 | StartEngine | $169,176,627 | $309,358 | Equity - Common | Funded | RegCF |
| Whooshh Innovations | 07/07/2022 | StartEngine | $84,912,372 | $1,427,678 | Equity - Common | Funded | RegCF |
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