Add Your Labs (previously TrueGen Health)

Add Your Labs (previously TrueGen Health)

Early Stage

Behavioral Health Platform

Behavioral Health Platform

Overview

Raised to Date: Raised: $58,271

Total Commitments ($USD)

Platform

StartEngine

Start Date

09/21/2022

Close Date

11/28/2022

Min. Goal
$10,000
Max. Goal
$124,000
Min. Investment

$200

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$2.00

Pre-Money Valuation

$7,000,000

Rolling Commitments ($USD)

Status
Funded
Reporting Date

12/29/2022

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$857

# of Investors

40

Momentum
Funded
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Year Founded

2021

Industry

Healthcare & Pharmaceuticals

Tech Sector

HealthTech

Distribution Model

B2B

Margin

High

Capital Intensity

Low

Location

Hinsdale, Illinois

Business Type

Growth

Add Your Labs, with a valuation of $7 million, is raising funds on StartEngine. The company has developed customisable medical laboratory software platforms for medical labs to operate on a new level. The SaaS platform of Add Your Labs helps medical testing labs solve the growing concern of shortage of qualified laboratory personnel. Add Your Labs launched the first product in 2020 and has earned $425,000 in revenue since the launch. Frank Adamo and David Haines founded Add Your Labs in December 2021. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $124,000. The campaign proceeds will be used to launch the second version of its software application.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$220,483

$117,588

COGS

$52,997

$56,711

Tax

$0

$0

 

 

Net Income

$19,665

$-31,979

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$771

$17,621

Accounts Receivable

$0

$0

Total Assets

$249,237

$220,907

Short-Term Debt

$14,070

$9,785

Long-Term Debt

$0

$0

Total Liabilities

$14,070

$9,785

Financials as of: 09/21/2022
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Add Your Labs (previously TrueGen Health) 11/28/2022 StartEngine $7,000,000 $58,271 Equity - Common Funded RegCF
TrueGen Health 08/30/2022 Fundify $6,063,000 $0 Equity - Common Not Funded RegCF
TrueGen Health 03/08/2022 Fundify - $34,950 Equity - Common Funded Test the Waters
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Add Your Labs on StartEngine 2022
Platform: StartEngine
Security Type: Equity - Common
Valuation: $7,000,000
Price per Share: $2.00

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Follow Add Your Labs on StartEngine 2022

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