SOURCE Overview

  • Year Founded
  • 2014

Year Founded

  • Status
  • Private

  • Employees
  • 160

Employees

  • Latest Deal Type
  • Series D

  • Latest Deal Amount
  • $130M

  • Investors
  • 22

SOURCE General Information

Description

Developer of a hydro panel technology designed to provide safe, clean drinking water for industrial, commercial, residential and community applications. The company's technology utilizes advanced materials science to pull water from even the driest conditions, producing pure water that is mineralized and delivered to various taps, enabling individuals and businesses to get clean water essentially anywhere.

Contact Information

Website
www.source.co
Formerly Known As
Zero Mass Water
Ownership Status
Privately Held (backing)
Financing Status
Venture Capital-Backed
Corporate Office
  • 1465 North Scottsdale Road
  • Suite 600
  • Scottsdale, AZ 85257
  • United States
+1 (855)
Primary Industry
Other Consumer Durables
Other Industries
Other Commercial Products
Vertical(s)
CleanTech, Climate Tech, E-Commerce
Corporate Office
  • 1465 North Scottsdale Road
  • Suite 600
  • Scottsdale, AZ 85257
  • United States
+1 (855)

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SOURCE Valuation & Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
10. Later Stage VC (Series D) 19-Jul-2022 $130M Completed Generating Revenue
9. Later Stage VC (Series C1) 24-Aug-2020 Completed Generating Revenue
8. Grant 18-Sep-2019 Completed Generating Revenue
7. Early Stage VC 29-Oct-2018 Completed Generating Revenue
6. Early Stage VC (Series B1) 20-Mar-2018 Completed Generating Revenue
5. Early Stage VC (Series B) 21-Oct-2016 Completed Generating Revenue
4. Early Stage VC (Series A1) 25-Mar-2016 Completed Generating Revenue
3. Early Stage VC (Series A) 18-Nov-2015 Completed Generating Revenue
2. Accelerator/Incubator Completed Generating Revenue
1. Accelerator/Incubator Completed Startup
To view SOURCE’s complete valuation and funding history, request access »

SOURCE Cap Table

Stock # of Shares
Authorized
Par Value Dividend Rate (%) Original
Issue Price
Liquidation Liquidation
Pref. Multiple
Conversion Price % Owned
Series D
Series C1
Series C
Series B1
Series B
Series A1 345,901 $0.000100 $1.91 $1.91 1x $1.91 1.34%
Series A 2,620,545 $0.000100 $1.91 $1.91 1x $1.91 10.14%
To view SOURCE’s complete cap table history, request access »

VC Exit Predictor

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Opportunity Score

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Exit Type

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SOURCE Patents

SOURCE Recent Patent Activity

Publication ID Patent Title Status First Filing Date Technology (CPC) Citations
AU-2023203951-A1 Systems and methods for generating water from air Pending 23-Jun-2022
US-20230415067-A1 Systems and methods for generating water from air Pending 23-Jun-2022
US-20230304270-A1 Systems and methods for generating water from air Pending 22-Mar-2022
AU-2023238748-A1 Systems and methods for generating water from air Pending 22-Mar-2022
US-20230113840-A1 Systems and methods for water production, treatment, adjustment and storage Pending 08-Oct-2021 C02F1/008
To view SOURCE’s complete patent history, request access »

SOURCE Signals

Growth Rate

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Growth
Weekly Growth

Size Multiple

Median
Size Multiple

Key Data Points

Similarweb Unique Visitors

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SOURCE Investors (22)

Investor Name Investor Type Holding Investor Since Participating Rounds
AF Ventures Growth/Expansion Minority
Drawdown Fund Growth/Expansion Minority
Fifth Wall Venture Capital Minority
Gr8day Investments Venture Capital Minority
Harvard Management Company Limited Partner Minority
You’re viewing 5 of 22 investors. Get the full list »

SOURCE Investments & Acquisitions (2)

SOURCE’s most recent deal was a Merger/Acquisition with Proud Source. The deal was made on 08-Mar-2023.

Company Name Deal Date Deal Type Deal Size Industry Lead Partner
Proud Source 08-Mar-2023 Merger/Acquisition Beverages
Strella 01-Dec-2018 Grant Business/Productivity Software
To view SOURCE’s complete investments and acquisitions history, request access »

Affiliates

Subsidiaries (1)

Name Industry Location Year Founded
Proud Source Boise, ID 2015

SOURCE FAQs

  • When was SOURCE founded?

    SOURCE was founded in 2014.

  • Where is SOURCE headquartered?

    SOURCE is headquartered in Scottsdale, AZ.

  • What is the size of SOURCE?

    SOURCE has 160 total employees.

  • What industry is SOURCE in?

    SOURCE’s primary industry is Other Consumer Durables.

  • Is SOURCE a private or public company?

    SOURCE is a Private company.

  • What is the current valuation of SOURCE?

    The current valuation of SOURCE is .

  • What is SOURCE’s current revenue?

    The current revenue for SOURCE is .

  • How much funding has SOURCE raised over time?

    SOURCE has raised $237M.

  • Who are SOURCE’s investors?

    AF Ventures, Drawdown Fund, Fifth Wall, Gr8day Investments, and Harvard Management Company are 5 of 22 investors who have invested in SOURCE.

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