Overview

Raised to Date: Raised: $142,215

Deal Terms

Investment Momentum

Company Profile

Deal Summary

Financials

Total Commitments ($USD)

Platform

Netcapital

Start Date

03/22/2020

Close Date

09/27/2021

Min. Goal

$10,000

Max. Goal

$1,000,000

Min. Investment

$99

Security Type

Equity - Common

Series

Pre-Seed

SEC Filing Type

RegCF    

Price Per Share

$1.00

Pre-Money Valuation

$11,500,000

Rolling Commitments ($USD)

Status

Funded

Reporting Date

10/02/2021

Days Remaining

Funded

% of Min. Goal

Funded

% of Max. Goal

Funded

Likelihood of Max

Funded

Avg. Daily Raise

$257

Momentum

Funded

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WaterWorks

Year Founded

2018

Industry

Financial & Insurance Products & Services

Tech Sector

Fintech

Distribution Model

B2B

Margin

Low

Capital Intensity

Low

Location

Detroit, Michigan

Business Type

Growth

Company Website

WaterWorks, doing business as WWF Holdings, Inc., is raising funds on NetCapital. The company has a post-money valuation of $11.5 million and introduces investors to opportunities in technology companies and projects. Investors get to access WaterWorks’ online investment platform, find the companies the require capital, and invest in them. The investments also help in the acceleration of potential water solutions. WaterWorks was founded by Lon Johnson, Julianna Smoot, and Brian Spangle in 2018. The proceeds of the current round of crowdfunding, with a minimum target of $10,000 and a maximum target of $1,000,000, will be used towards debt servicing, sales and marketing, operations, and personnel. WaterWorks is targeting investors interested in sustainable investing and is creating value both for investors and water companies.

Summary Profit and Loss Statement

	Most Recent Year	Prior Year
Revenue	$0	$0
COGS	$0	$0
Tax	$0	$0
Net Income	$-171,430	$0

Summary Balance Sheet

	Most Recent Year	Prior Year
Cash	$2,197	$0
Accounts Receivable	$0	$0
Total Assets	$42,016	$0
Short-Term Debt	$179,346	$0
Long-Term Debt	$34,000	$0
Total Liabilities	$213,346	$0

Financials as of: 03/22/2020

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WaterWorks Founder Lon Johnson Talks Crowdfunded Water

Water is rapidly becoming a valuable and limited resource. Globally, 1 in 9 people do not have access to safe water. Climate change and growing populations are likely to add further stress to the already taxed water cycle.

WaterWorks wants to connect innovative, water-focused startups with potential investors to enable the future of water technology. The compnay operates as an online platform where companies with solutions to the water problems we are facing can raise capital from concerned investors.

We sat down with founder Lon Johnson to discuss WaterWorks’s mission, the exceptionally strong team behind it, and where the company is headed.

Note: This interview was conducted over email. It has been lightly edited for clarity and length.

Read Founder Interview