Fundraising Fox

DropWise Technologies

Cambridge, US · Founded 2014 · Delaware corporation · 1 known investors

Uses innovative coating materials and application processes to improve power generation efficiency.

Founders & leadership

DropWise Technologies was founded in 2014 by Adam T. Paxson and Kripa K. Varanasi.

AT
Adam T. PaxsonCo-founder
KK
Kripa K. VaranasiCo-founder
DC
David C. BorelliExecutive
KG
Karen GleasonNamed on SEC filing

Board

CG
Colin GoundenBoard director

Investors · 1

Reported raises · per SEC filings

Form D private placements

$3.5M disclosed across 2 rounds · 2015–2017

$2.8MraisedMay 2017 · 18 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Karen GleasonDirector
  • Colin GoundenDirector
  • David C. BorelliExecutive Officer
  • Kripa K. VaranasiDirector
  • Adam T. PaxsonExecutive Officer, Director
  • Annica BlakeExecutive Officer
Offering amount
$3.6M
Amount sold
$2.8M
First sale
May 2017
Incorporated
Corporation, Delaware, 2014
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$675KraisedJul 2016 · 4 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Adam T. PaxsonExecutive Officer, Director
  • David C. BorelliExecutive Officer
  • Karen GleasonDirector
  • Kripa K. VaranasiDirector
  • Colin GoundenDirector
Offering amount
$1.3M
Amount sold
$675K
First sale
May 2015
Incorporated
Corporation, Delaware, 2014
Federal exemptions
06b
Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

Frequently asked questions

What does DropWise Technologies do?
Uses innovative coating materials and application processes to improve power generation efficiency.
Who founded DropWise Technologies?
DropWise Technologies was founded by Adam T. Paxson, Kripa K. Varanasi in 2014.
Who are DropWise Technologies's investors?
DropWise Technologies's investors include NXT Ventures.
How much funding has DropWise Technologies raised?
DropWise Technologies has disclosed $3.5M raised across 2 rounds.
Where is DropWise Technologies headquartered?
DropWise Technologies is headquartered in Cambridge, US.