Demo Day - Focal Technologies
Global League (G-L.Ventures) is a platform and network for collaboration between investors to help the most impactful startups recommended by investors.
Water Tech is underinvested, and has a lot of great opportunities. We had a great panel on this topic with the founder and CFO of Focal Technologies as panelists, thanks to the introduction of Brian Kerns. Check it out here: https://wiseocean.tech/water-innovations-and-investments-are-growing-strong/
Now we might ask more questions for firsthand market insights, and evaluate an opportunity to participate in Focal.
Focal Technologies - Series A, US, Water Tech: Focal Technologies' Ray System is a waste remediation game-changer. Our trailer-mounted eight-foot Ray® System uses a patented refracting lens to concentrate the sun’s energy and break down any organic contaminant in water or soil. 2024 is a breakout year. Focal plans to have 12 Ray units delivered in 2024, at a price of approximately $250,000 each, which does not include recurring revenue for each unit post-delivery or our leasing model approach revenue streams.
Focal was backed by 36 investors including E8 cleantech angel group members, SWAN Impact Network, VertueLab, an Investors Circle member, and several family offices. Focal has made exciting progress since then, 2024 will be a breakout year for the company. This current raise offers a bridge note (~50% filled), which will close before the end of May. Valuation is still attractive now, but not after this round. The ACA leadership and Director of VectorPoint Ventures - Don Megrath - is their CFO.
We Global League will host a Q&A meeting on May 17 for a deeper dive with the founding team of Focal Technologies. They joined one of our climate panels to share water tech market insights in January, now let's explore investing in the company.
More on Dealum: https://app.dealum.com/#/company/publicprofile/41402/5zgg8tl1dq9h86mnpeyquigyh4q1w1e2