No-H2O
Early Stage
Dry Cleaning For Cars
Overview
Raised: $127,974
Total Commitments ($USD)
Platform
StartEngine
Start Date
08/23/2020
Close Date
03/19/2021
Min. Goal
$10,000
Max. Goal
$1,070,000
Min. Investment
$300
Security Type
Equity - Common
Series
Seed
SEC Filing Type
RegCF
Price Per Share
$1.00
Pre-Money Valuation
$13,000,000
Rolling Commitments ($USD)
Status
Funded
Reporting Date
03/30/2021
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$618
# of Investors
181
Momentum
Funded
Create a free account today to gain access to KingsCrowd analytics.
Year Founded
2020
Industry
Consumer Products, Goods & Services
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
High
Capital Intensity
Low
No-H2O, with a $13 million pre-money valuation, is raising funds on StartEngine. The company specializes in the on-demand car wash. It uses a proprietary waterless formula and advanced infrastructure to offer its premium products and services to consumers and B2B customers. Emmet O’Brien founded No-H2O in May 2020. The current crowdfunding round has a minimum target of $10,000 and a maximum target of $1,070,000. The funds will be used for marketing, growing the team, and expansion. No-H2O has proven track record with 20,000 on-demand app downloads and franchise growth in seven new US cities in just 12 months. The company has generated over $6 million in lifetime sales, with year-over-year sales growth of 978% in 2020.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$886,255 |
$82,470 |
|
COGS |
$231,583 |
$10,809 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-139,893 |
$-278,780 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$528 |
$11,018 |
|
Accounts Receivable |
$456,940 |
$66,095 |
|
Total Assets |
$685,556 |
$123,335 |
|
Short-Term Debt |
$604,153 |
$143,328 |
|
Long-Term Debt |
$475,393 |
$233,687 |
|
Total Liabilities |
$1,079,546 |
$377,015 |
Financials as of: 08/23/2020
Create a free account today to gain access to KingsCrowd analytics.
Upgrade to gain access
Pay Monthly
Annually (Save 17%)
-
$25 /month
billed annually - Free portfolio tracking, data-driven ratings, AI analysis and reports
- Plan Includes:
- Everything in Free, plus
- Company specific
KingsCrowd ratings and analyst reports
- Deal explorer and side-by-side comparison
- Startup exit and failure tracking
- Startup market filters and historical industry data
- Advanced company search ( with ratings)
- Get Edge Annual
Edge
Already a member? Log in here.
Ratings 
Founders: enhance your startup's credibility on KingsCrowd. Create an account to claim this raise page.