Whooshh Innovations

Overview

Raised to Date: Raised: $265,071

Deal Terms

Investment Momentum

Company Profile

Deal Summary

Financials

Funding History

Total Commitments ($USD)

Platform

StartEngine

Start Date

10/19/2022

Close Date

04/17/2023

Min. Goal

$9,999

Max. Goal

$3,572,322

Min. Investment

$501

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    

Price Per Share

$3.00

Pre-Money Valuation

$169,176,627

Rolling Commitments ($USD)

Status

Active

Reporting Date

03/27/2023

Days Remaining

21

% of Min. Goal

2,651%

% of Max. Goal

7%

Likelihood of Max

Avg. Daily Raise

$1,667

# of Investors

143

Momentum

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Whooshh Innovations

Year Founded

2007

Industry

Energy, Power, & Natural Resources

Tech Sector

Cleantech

Distribution Model

B2B

Margin

High

Capital Intensity

High

Location

Seattle, Washington

Business Type

Growth

Company Website

Whooshh Innovations, with a valuation of $169 million, is raising funds on StartEngine. The company has developed innovative solutions to enable selective fish passage, restore natural habitats, and limit carbon dioxide. The sustainable fish passage solutions of Whooshh Innovations save fish, clean water, and protect the planet. Whooshh Innovations has established commercial sales in the US, Canada, and the EU and has grown by 157% in 2022. Vincent Bryan III founded Whooshh Innovations in 2007. The current crowdfunding campaign has a minimum target of $9,999 and a maximum target of $3,572,322. The campaign proceeds will be used for R&D, growth, and expansion.

Summary Profit and Loss Statement

	Most Recent Year	Prior Year
Revenue	$482,379	$5,607,268
COGS	$112,917	$104,225
Tax	$0	$0
Net Income	$-3,708,583	$2,179,644

Summary Balance Sheet

	Most Recent Year	Prior Year
Cash	$3,875	$729,529
Accounts Receivable	$208,058	$252,203
Total Assets	$1,900,304	$3,029,384
Short-Term Debt	$2,974,892	$2,085,008
Long-Term Debt	$2,707,048	$2,797,488
Total Liabilities	$5,681,940	$4,882,496

Financials as of: 10/19/2022

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Raise History

Offering Name	Close Date	Platform	Valuation/Cap	Total Raised	Security Type	Status	Reg Type
Whooshh Innovations	04/17/2023	StartEngine	$169,176,627	$265,071	Equity - Common	Active	RegCF
Whooshh Innovations	07/07/2022	StartEngine	$84,912,372	$1,427,678	Equity - Common	Funded	RegCF

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Whooshh Innovations created a highway for fish. The highway is a tube in which a little bit of water is pumped downward, flowing from up to down and letting the fish comfortably swim up the dam. It also increases dams’ revenue as they have more water available to generate electricity.

Whooshh Innovations was rated a Deal to Watch during its last raise in 2021. At the time, the company impressed us with massive revenue growth of more than 1,000% between 2019 and 2020 and a promising and unique product. Did the company keep following this path?

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