IPD Products
The business, the turning points, and the decisions behind them.
Some sections are still being researched2 / 4
Sections to complete：02 · 05
01 / WHAT IT BUILT
What the company did
IPD Products, Inc. was a Texas-based company founded in February 2020 that designed air sterilization products to remove airborne pathogens for healthy indoor environments. Its initial product, the ARECA, was a stand-alone indoor air purifier equipped with PlasmaFence technology; its disinfection technology was protected by a patent licensed from Drexel University. In 2020–2021 it raised capital via Microventures crowdfunding to ramp up manufacturing, planning integrations with HVAC and personal protective equipment. Its SEC-reviewed financials showed zero revenue and growing losses through 2021. No failure event has been reported.
02 / FAILURE REASONS
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03 / EVENT HISTORY
Events in the structured record
- Company founded
IPD Products, Inc. is founded in Texas to manufacture and sell air sterilizers, securing a licensing agreement for a patent covering methods for air disinfection and sterilization.
- Crowdfunding
IPD Products raises capital via Microventures (Crowd Notes at a $5 million valuation cap, with a $3.5 million cap for early investors) to ramp up manufacturing of the ARECA air purifier.
04 / CONTEMPORARY REBUILD ASSESSMENT
Difficulty of rebuilding this project today
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Overall assessment: Not completed
05 / CAUSAL CHAIN / AFTERMATH
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