FloLogic Inc.
FloLogic minimizes property owners' and insurers' exposure to water damage while saving 10,000 gallons of wasted water in an average home.
- Stage $1M in TTM Revenue
- Industry Clean Technology
- Location Raleigh, NC, USA
- Currency USD
- Founded October 1996
- Employees 2
- Website flologic.com
Company Summary
The FloLogic System enables property owners to detect plumbing leaks before they cause problems. Property damage caused by plumbing failures impacts 2 million homes annually. The resulting $9.5 Billion in insured losses represents 22% of U.S. claims paid each year . Plumbing leaks account for 14% of the average home's water bill. We detect and stop leaking water anywhere in a home or business. Trailing 12 month revenue of $1.3M. No debt.
Team
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Charles De SmetPresident
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Douglass Phillips JrEVP
Advisors
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Hutchison Law GroupLawyerUnconfirmedRabon and DaileyAccountantUnconfirmed
Previous Investors
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Angels in the Raleigh-Durham area.Unconfirmed
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