Lustro Comments

Discuss this Deal with other Investors

Invicta Water

Invicta Water aims to eliminate PFAS and other high health risk chemicals from water worldwide. We believe access to clean water is a fundamental human right and are committed to utilizing our expertise and resources to address the global water crisis to ensure everyone has access to safe water.

Claim My Business
Security Type
Common Stock
Consumer Goods & Products, Food & Bev
Min Investment
Burlington, NC
Offering Date
July 17, 2023
Expected Close Date
April 26, 2024
Target Raise
Security Price
Number of Employees
Short Term Debt
Cost of Goods
Long Term Debt
Net Income

Company Description

Invicta Water aims to eliminate PFAS from water by offering cost-effective, simple solutions for various settings, including small facilities, residential use, industrial settings, and municipal drinking water and wastewater systems. These systems have minimal environmental impact and require minimal energy. Invicta Water's modular solutions can be configured to meet specific water capacity and space demands, allowing for quick selection, procurement, and installation.
The company is a subsidiary of BNNano Inc. BNNano, Inc. is a manufacturer of Boron-Nitride nanotubes and NanoBarbs which are used in a variety of advanced and innovative applications. It offers Boron-Nitride nanotubes and NanoBarbs in quantities of a few grams for R&D to kilograms for development and production activities.

The product is revolutionary. The company aims to purify water and make it safe to use, and free from PFASs. It is one of the major problems in the US with significant regulatory and legal attention. This has prompted expensive lawsuits on companies under the heat for producing PFAS related products. These industries and municipal corporations are the target customers as the company begins its operations.

The US market opportunity for PFAS removal from water is emergent and in excess of $290B. The system developed by the company is the first of its kind and solves a massive problem with a low-cost and scalable technology. There are some concerns around the lack of patents for the system.

The company has not started with its operations yet. It is about to setup its first pilot installation at a waste treatment plant in North Carolina as its first operational and test unit. The company claims that it is ready for real world installation that will be for > 500,000 gallons per day. If successful, the traction will be immense.

Use of Proceeds

The company plans to use the proceeds majorly for capital equipment, engineering design and development, sales and marketing, administration and others including IP and legal.

Management Team / Advisory Board Bios

Steve Wilcenski, Co-Founder & CEO
Steve has over 20 years of experience in designing and developing micro and nano-scale technologies, enabling disruptive technologies in various markets. He co-founded BNNano and previously held positions as President and General Manager of MEMSCAP. He is a second-time founder.

Jason Taylor, Co-Founder & COO
Jason, a Process Development Engineer, optimized multilayer GaN epitaxy for LED products in dashboards, cars, and video screens. He created ten patents and sought new materials, including Boron Nitride Nanotubes, to lead to the next revolution. Jason holds a B.S. and M.S. in Materials Science and Engineering from Virginia Tech. He is a second-time founder as well.

Theodore Kalmbach, CSO
Ted worked as a strategy consultant for Accenture in Munich and Berlin, focusing on the automotive/energy sectors. He joined the Institute for Defense Analyses in 2004 and served as a diplomat in Afghanistan, the Philippines, and Austria. Ted holds a B.A. in International Affairs and a Fulbright Scholarship. Ted later earned an M.A. from Johns Hopkins in National Security Strategy.

The management team has two second time founders and excellent advisors on the technical side.

Valuation Notes

The company has valued itself at $5M pre-money valuation. For a company that has technology with such a significant market and solution for large-scale problems, the valuation looks reasonable.
Amount Raised : $292,911
Reveal the Score by Voting
Additional ratings from other users are needed to determine a viable CrowdScore for this deal.
The "CrowdScore" for this deal is determined by user ratings and other factors using our proprietary algorithm.
The overall viability and scalability of the business concept as well as the ability to drive the concept to profitability over time.
Business Idea
The progress made thus far in demonstrating that the business has viability, a customer base or other business traction.
Business Traction
The experience of the management team in running, scaling and/or exiting a business that required similar skills to execute the business plan.
Management Team
The value of the company compared to similar companies raising money from investors.

Security Description

Common stock is a security that represents ownership in a corporation.

Research Reports

No reports have been submitted

Become a Reporter