20/20 GeneSystems (2022)
About this raise
20/20 GeneSystems, with a valuation of $58.4 million, is raising funds on StartEngine. It is a diagnostics company with a successful track record in cancer detection with its AI-powered multi-cancer blood test, OneTest. The company has also launched CoronaCheck, its FDA-authorized antibody lab test for COVID-19 antibodies. The business reported revenues of $9 million in 2021, a 300% increase over 2020 revenues. Jonathan Cohen founded 20/20 GeneSystems in 2000. The current crowdfunding campaign has a minimum target of $9,995.40 and a maximum target of $4,999,995. The campaign proceeds will be used to expand the portfolio of tests and grow revenues.
Investment Overview
Invested : $232,704
Deal Terms
Total Commitments
- Platform
- StartEngine
- Start Date
- 08/16/2022
- Close Date
- 12/21/2022
$9,995
$4,999,995
$500
Convertible Note
Growth Stage
RegCF
$58,400,000
10%
Company & Team
Company
- Year Founded
- 2000
- Industry
- Healthcare & Pharmaceuticals
- Tech Sector
- Distribution Model
- B2B/B2C
- Margin
- Medium
- Capital Intensity
- High
Financials
- Revenue +313% YoY
- $9,622,332
- Monthly Burn
- Profitable
-
Cash on Hand
- $3,354,469
- Gross Margin
- 49%
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Analyst Report
20/20 GeneSystems offers an affordable blood test that screens for multiple types of cancer. It also has access to the medical records of more than 200,000 patients with known cancer outcomes. Its testing technology and machine learning algorithms are innovative -- but it's not clear if there's enough market demand for its product.
Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $9,779,286
- VC Backed?
- Yes
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 02/14/2025 | Wefunder | $69,859,000 | $555,661 | Equity - Preferred | Funded | RegCF |
| 12/21/2022 | StartEngine | $58,400,000 | $232,704 | Convertible Note | Funded | RegCF |
| 06/27/2021 | StartEngine | $38,500,000 | $2,903,017 | Equity - Preferred | Funded | RegA+ |
| 11/01/2020 | SeedInvest | $38,500,000 | $3,792,229 | Equity - Preferred | Funded | RegA+ |
| 12/14/2017 | Microventures | $23,000,000 | $1,064,807 | Equity - Preferred | Funded | RegCF |
Growth Charts
Revenue History
Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.
Valuation History
Price per Share History
Note: Share prices shown in earlier rounds may not be indicative of any stock splits.