Formarum is a Canadian corporation which has developed an automatic and all-in-one sanitization device called Dive.
Formarum is a Canadian corporation which has developed an automatic and all-in-one sanitization device called Dive which enables consumers to use and manage their recreational waters safely while reducing the cost, and hassles of chemical applications. The Chlorine consumption will be reduced to the minimum government-regulated requirement, which is up to 90% less than average consumption. This system will save consumers maintenance time and the downtime often required after chemical adjustments. Financially, consumers will be saving significantly on their chemical expenses and operational costs. Dive will also generate its own power internally, and therefore eliminates the need of an external power supply.
Announced Date | Round | Money Raised | Number of Investors | Lead Investors | Post Valuation | |
---|---|---|---|---|---|---|
Dec 12, 2017 | Seed | $150K | 1 | — | — | Detail |
Investor Name | Lead Investor | Funding Round |
---|---|---|
OneTen Capital | — | Seed |