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KARA WATER

Raising nowOperating

Kara Water, Inc.

Energy & Cleantech · Energy · New York, NY · Founded 2020

Innovative air-to-water technology

Raising nowRaising now on DealMaker

This company has an open fundraising round.

$338K raised142 investors140 days left
View the live round
Post-money valuation ⓘ
$76.7M
As of Jul 2026 · from Reg CF Offering (2026) · pre-money + amount raised, not a traded price
Total raised
$5,584,758
Crowd $3.1M · Private $2.5M · 11 rounds since 2023
Latest share price
$1.54
Reg CF · Class B Common Stock · Jul 2026 offering price

Financials

FY2021–FY2025 · from SEC filings · hover any figure for its source
$0
−$226K
2021
$142K
−$595K
2022
$714K
−$386K
2023
$824K
−$467K
2024
$472K
−$1.4M
2025
RevenueNet income — beside revenue when positive, below the line when a loss
Metric
FY2021 reviewed
FY2022 reviewed
FY2023 audited
FY2024 audited
FY2025 audited
Income statement
Revenue
$0
$141,845
$714,166
$824,253
$471,554
Cost of goods sold
$0
$80,499
$468,035
$428,698
$164,569
Gross margin
—
43%
34%
48%
65%
Net income
-$226,465
-$595,085
-$386,067
-$467,334
-$1,390,290
Taxes paid
$0
$0
$0
$0
$0
Balance sheet
Cash
$9,705
$103,425
$5,195
$278,381
$387,369
Accounts receivable
$0
$102,637
$8,039
$19,324
$178,151
Total assets
$106,949
$1,058,435
$495,206
$819,962
$1,118,429
Short-term debt
$20,000
$1,464,703
$65,962
$1,194,155
$2,677,986
Long-term debt
$210,000
$410,000
$846,281
$0
$176,381
Total liabilities
$230,000
$1,874,703
$912,243
$1,194,155
$2,854,367
Other
Headcount
—
1
1
2
4

Figures as reported by the issuer in the filing shown on hover. Each year’s pill shows the assurance level of its filed statements — audited, reviewed (CPA review, less than an audit), or unaudited, as the filing’s own report or certification states it. A dashed pill marked * is inferred instead: the SEC minimum for an offering that size, which the issuer may have exceeded. No pill means we couldn’t tell. Headcount is the filing’s point-in-time count, not a year-end average. Manually corrected figures are marked “Corrected”.

Valuation over rounds

Pre-money — the valuation set before each round’s money came in
$16.0M
pre-money
$17.3M
pre-money
$61.4M
pre-money
$530K
est. pre-money
$75.4M
pre-money
$76.4M
pre-money
Reg CF · Common · Jan 2024
Reg CF · Class B Common · Jan 2025
Reg CF · Class B Common · Apr 2025
Section 4(a)(2) · Class B Common · Jan 2025
Reg CF · Class B Common · Nov 2025
Reg CF · Class B Common · Jul 2026

Blue bars are the pre-money valuation the company stated for a priced round. Dotted grey bars are our estimate for rounds that didn't state one: the round's share price × the shares outstanding in its filings. Same measure as blue, but rougher.

Share price over rounds

log scale
$1.54$0.0643$0.0027
Jan 2024Jul 2026
Round offering price or verified disclosed saleDisclosed sale, unverified or year-onlyDown round · Jan 2025 (-56.2%)

“Today's shares” restates every price in the share terms current now, so a price before a split or an LLC→corporation conversion is divided by that event's ratio (each event is cited on the round page). Disclosed sales come from the issuer's own filings (prior-offering lines, audited-statement notes) and are amount ÷ securities sold. A down round is a firm point more than 25 % below the previous firm point of the same share class on a comparable basis; the comparison ignores unverified and year-only lines.

Cap table

Share counts as of Dec 31, 2025
Class A Common Stock · 79.7%Class B Common Stock · 10.2%Common Stock · 10.2%
ClassOutstandingVotes / shareShare of totalVotesLast price
Class A Common Stock43,470,750179.7%88.7%—
Class B Common Stock5,552,154none10.2%0%$1.54Jul 2026
Common Stock5,552,154110.2%11.3%—
Total54,575,058100%100%

Shares outstanding over timein today's share terms

577M289M0
Jan 2021Dec 2025
Class A Common StockClass B Common StockCommon StockRound openedSplit / conversion

Changes in named holdersshares in today's terms · % of all shares at the time

Principal holders% as the filing states it, Apr 30, 2025

  • Cody Soodeen3,666,000 Class A Common Stock42.2%of Class A
  • William Irvine3,142,000 Class A Common Stock36.1%of Class A

Sold to the crowd

  • Reg CF · Jan 2024183,509,400 shares at $0.0061 in today's terms · sold as 611,698 shares at $1.84; since then a 5-for-1 split (Jan 2025), each unit became 60 shares (Sep 2025)$1.1M· 1,066 investors
  • Reg CF · Jan 20258,341,320 shares at $0.0307 in today's terms · sold as 139,022 Class B Common Stock at $1.84; since then each unit became 60 shares (Sep 2025)$255.8K· 1,508 investors
  • Reg CF · Apr 20256,707,640 shares at $0.1062 in today's terms · sold as 111,794 Class B Common Stock at $6.37; since then each unit became 60 shares (Sep 2025)$712.1K· 491 investors
  • Reg CF · Nov 2025426,947 Class B Common Stock at $1.54$657.5K· 537 investors
  • Reg CF · Jul 2026219,597 Class B Common Stock at $1.54$338.2K· 142 investors

From the company's SEC filings: share counts per class, each class's voting and conversion terms, and the holders of 20% or more that Form C requires (officers and 10%+ holders on Form 1-A). Filings name only large holders, so most owners — including crowd investors — are not listed, and a holder's percentage may be of its own class rather than of the whole company. Prices and crowd share counts are in today's share terms — adjusted for splits and conversions since they were sold. Hover a figure for its filing.

Fundraising history

Raised $338.2K / $3.9MInvestors 142Post-money $76.7M
Raised $657.5K / $3.6MInvestors 537Post-money $76.2M
Raised $21.6KEst. pre-money $529.9K
Raised $712.1K / $3.8MInvestors 491Post-money $62.1M
Raised $255.8K / $1MInvestors 1,508Post-money $19M
Raised $1.1M / $1.2MInvestors 1,066Post-money $17.2M

Team

7 people
Cody SoodeenFounder
Chief Executive Officer, Principal Accounting Officer, Director

My background is in architecture and engineering. My early career was spent developing high-rises and megaprojects including Hudson Yards, Changi Airport T5, and many other major projects around the world. During my career I developed meaningful relationships with many of the top 10 architecture firms and built out the entirety of the first international branch in the UK before departing to go fulltime at Kara Water. As CEO of Kara Water, my passion for water stems from dealing with bacteria riddled drinking water at a young age. During my studies, I was inspired by the Namibian desert beetle that can turn air in the driest desert in the world into drinking water and then drink it off of it’s own back. I realized that if this beetle could do this, then why couldn’t we? So, I set out to develop a system that could replicate the beetles natural phenomenon. This led to the creation of Kara Pure which now serves as the primary source of clean drinking water for thousands of people. My goal is to end our reliance on ground water for our drinking water needs and help so many people who experienced similar or worse water issues as myself.

Michael Di GiovannaFounder
Director

Michael co-founded Kara Water and serves on the board.

Bill Irvine
Financial Advisor

Bill Irvine advises Kara Water on capital raising and other general business activities, resulting in over $700,000 raised through a convertible note and over $1mm of orders through pre-sales. He is an entrepreneur and has worked for 16 years for hedge funds, which have raised billions in assets. Bill is a mentor for the Cleantech Open accelerator for 5 years and invests in high-impact startups. Bill sits on a nonprofit board for a youth sports club and increased membership 25% in his first year and is on the development committee of a foundation for a rare-genetic-disease. Bill earned an MBA from Columbia Business School and double majored in Statistics & Applied Mathematics and Economics from Johns Hopkins University.

Colin Paterson
Technology Advisor

Colin Paterson has over 30 years’ experience in high tech engineering from startups to multibillion dollar companies in the semiconductor, supercomputer and telecommunications sectors. Colin was an early team member at MMC Networks which was an early pioneer for network processor technology capable of wire speed manipulation of telecommunication protocols. Most recently he was part of the business team at 7AC technologies (acquired by Emerson) which was a pioneering startup company that developed ground-breaking liquid desiccant plastic plate membrane isolated technology for large-scale air-conditioning applications. Colin brings his extensive desiccant and technology experience to Kara Water as a co-founder and technology advisor.

Harrison Bohrman
Marketing Advisor

Harrison Bohrman is an Emmy and Peabody award-winning creative leader and entrepreneur who’s helped launch brands, grow audiences, and deliver engaging content for more than two decades. In addition to working on cutting-edge startups and co-producing The New York Times Critic’s Pick documentary “Bomb It", Harrison's accomplished background includes CNN, VICE, and Byron Allen Media.

John Vaskis
Business Development Advisor

John Vaskis is a 10+-year veteran of technology sales. He was Indiegogo’s first sales team member and built an international salesforce that helped entrepreneurs raise over 2B on the platform. He led sales and partnerships efforts at the experiential marketing platforms b8ta & SHOWFIELDS bringing numerous DTC companies to the masses in person. He is now leading BD efforts for Kara Water to expand their retail and international efforts to bring the best water to the world.

Raleigh Ormerod
Marketing Advisor

Innovator of the Swiffer Wet Jet at P&G and Colgate Total at Colgate-Palmolive, Raleigh has a track record in marketing and business growth with Fortune 500s and startups with over 100 product launches. Experienced board member, interim executive, business mentor, and civic leader.

Names and titles as disclosed on SEC Form C, StartEngine. Bios and photos come from the platform campaign page and may be out of date.

Reg CF annual-report compliance

Delinquent

Filed 2 of 3 annual reports (FY2023–FY2025)

Missing: 2025

1,508 investors
holder-count proxy

Reg CF issuers must file a Form C-AR each year until a Rule 202(b) termination trigger is met.

  • Form C-UAug 19, 20260001872856-26-000278
    EDGAR
  • Form C/AJul 30, 20260001872856-26-000259
    EDGAR
  • Form CJul 22, 20260001872856-26-000251
    EDGAR
  • Form C-UJun 22, 20260002003387-26-000006
    EDGAR
  • Form C/AApr 30, 20260002003387-26-000005
    EDGAR
  • Form C/AFeb 23, 20260002003387-26-000002
    EDGAR
  • Form CNov 24, 20250002003387-25-000005
    EDGAR
  • Form C-UNov 20, 20250002003387-25-000002
    EDGAR
Source: ManualCIK 0002003387DEShare price $1.54

About this data. Figures are compiled from public sources — SEC EDGAR filings (Form C, C-AR, 1-A, 1-K) and funding-platform pages — and may be delayed, incomplete, or restated by the issuer. Financial statements are as reported by the issuer; each year is labeled with its assurance level (audited / reviewed / unaudited). A valuation cap is the conversion ceiling of a SAFE or convertible note, not an agreed company valuation; post-money figures are computed as pre-money plus amount raised and are not a traded price. Crowdonomics is not a broker-dealer, funding portal, or investment adviser; nothing here is investment advice or an offer to sell securities. Verify all figures against the linked EDGAR filings.