IX Water

Neutral
BETA

Revolutionary Water Recycling Technology

Analytics

Raised to Date: $412,639

Aggregate Commitments $
Platform

StartEngine

Start Date

05/20/2020

Close Date

12/18/2020

Min. Goal

$10,000

Max. Goal

$1,070,000

Min. Investment

$250

Security Type

Equity - Common

Funding Type

RegCF

Series

Pre-Seed

Pre-Money Valuation

$13,100,000

Weekly Commitments $
Status

Active

Reporting Date

10/18/2020

Days Remaining

60

% of Min. Goal

4,126%

% of Max. Goal

39%

Likelihood of Max
Avg. Daily Raise

$2,733

# of Investors

720

Momentum
Location

Golden, CO

Industry

Energy, Power, & Natural Resources

Tech Sector

Cleantech

Distribution Model

B2B

Margin

Low

Capital Intensity

High

Business Type

Growth

IX Water, with a pre-money valuation of $13.1 million, is raising funds on StartEngine. The company uses its proprietary and environment-friendly technology to recycle industrially contaminated water. The patented technology of IX Water is at least 50% less costly and environmentally feasible. The systems remove 99.81% of the contaminants in water at less than 50% of the cost of traditional methods. IX Water was founded by John R. Deal and Randall Wilson in 2014. The proceeds of the current round of crowdfunding, with a minimum target of $10,000 and a maximum target of $1,070,000, will be used to grow and expand the operations. IX Water’s proprietary technology was invented by scientists at Los Alamos National Laboratory, in collaboration with the University of Texas and New Mexico Tech. The company began its commercial sales program in 2019 and has received its first three purchases.

Summary Profit and Loss Statement
Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-464,417

$-492,333

Summary Balance Sheet
Most Recent Year Prior Year

Cash

$6,507

$851

Accounts Receivable

$0

$0

Total Assets

$174,856

$167,543

Short-Term Debt

$185,967

$129,818

Long-Term Debt

$707,656

$0

Total Liabilities

$893,623

$437,688

Ratings

last updated 10/18/2020

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