BROOMFIELD - TekDry LLC, maker of a device that dries out and recovers cellphones that have been submerged in water, is seeking to raise $402,500 in equity funding, according to documents filed with the Securities and Exchange Commission.

The fledgling Broomfield-based company was founded in September by Adam Cookson and Eric Jones. Reached by phone on Thursday, Jones declined comment while the company was going through its fundraising round.

According to TekDry's website, the company's patent-pending device can dry out phones - or other electronics - in 30 minutes, saving data like photos and contacts. TekDry's page on AngelList - a social media and crowdfunding site where startups can connect with accredited investors - states that the charge for the service is $75. The fee is charged only if a successful recovery of the phone is made.

The idea, according to the AngelList page, is that the devices would be located at retail businesses, creating foot traffic for those businesses that they might not otherwise get while creating central locations for the devices.

TekDry is entering a market that others are also seeking to capitalize on with methods of drying out electronics that beat stuffing your soaked phone in a bucket of rice for a day.

In the wake of September's historic flooding, San Antonio, Texas-based DryBox Ventures Inc., set up a table at the Disaster Assistance Center at Longmont's Twin Peaks Mall to offer their own patent-pending device and similar service for free to flood victims whose phones were wet.

Dry-All, a company based in Arizona, markets a wet smartphone emergency kit that can be purchased on Amazon for about $31 and dries out phones in 24 to 48 hours.