IPD Products

Neutral
BETA

Ionic Plague Destroyer air sterilizer designed to combat airborne pathogens like SARS-CoV-2

Analytics

Raised to Date: $176,656

Aggregate Commitments $
Platform

Microventures

Start Date

08/17/2020

Close Date

01/11/2021

Min. Goal

$25,000

Max. Goal

$1,070,000

Min. Investment

$100

Security Type

Convertible Note

Funding Type

RegCF

Series

Seed

Valuation Cap

$5,000,000

Discount Rate

20%

Weekly Commitments $
Status

Active

Reporting Date

10/18/2020

Days Remaining

83

% of Min. Goal

707%

% of Max. Goal

17%

Likelihood of Max
Avg. Daily Raise

$2,849

# of Investors

462

Momentum
Location

Midlothian, TX

Industry

Consumer Products, Goods & Services

Tech Sector

Hardwaretech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

High

Business Type

Growth

IPD Products, with a $5 million valuation cap, is raising funds on MicroVentures. The company has designed a revolutionary product, the Ionic Plague Destroyer, that is engineered to remove airborne pathogens, including SARS-CoV-2. The patent is licensed from Drexel University for air disinfection and sterilization. Howard Nelson founded IPD Products in February 2020. The proceeds of the current crowdfunding campaign, with a minimum raise of $25,000 and a maximum raise of $1,070,000, will be used towards product development and general working capital. IPD Products is led by an experienced founding team and plans to expand the product line to include integrations with HVAC systems and PPE.

Summary Profit and Loss Statement
Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$2,836

$0

Summary Balance Sheet
Most Recent Year Prior Year

Cash

$1,264

$0

Accounts Receivable

$0

$0

Total Assets

$62,545

$0

Short-Term Debt

$15,000

$0

Long-Term Debt

$50,381

$0

Total Liabilities

$65,381

$0

Ratings

last updated 10/20/2020

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