Beta Bionics
Growth Stage
Building a bionic pancreas to improve the lives of people with type 1 diabetes
Overview
Platform
Wefunder
Start Date
05/16/2016
Close Date
12/19/2016
Min. Goal
$50,000
Max. Goal
$1,000,000
Min. Investment
$100
Security Type
Equity - Common
SEC Filing Type
RegCF
Price Per Share
$100.00
Pre-Money Valuation
$100,000,000
Year Founded
2015
Industry
Healthcare & Pharmaceuticals
Tech Sector
HealthTech
Location
Boston, Massachusetts
Beta Bionics is raising funds on Wefunder. The company is building a bionic pancreas to improve the lives of people with type 1 diabetes. They have developed the iLet, a pocket-sized wearable medical device that autonomously manages blood sugar levels. They are backed by 10 years of clinical data with 6 outpatient human clinical trials already completed. Edward Damiano founded Beta Bionics in 2015. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1 million. The campaign proceeds will be used for product development, clinical trials, headcount, and operational expenses.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-230,547 |
$0 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$1,250 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$5,015,954 |
$0 |
|
Short-Term Debt |
$267,070 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$267,070 |
$0 |
Financials as of: 05/16/2016
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Raise History
| Offering Name | Close Date | Platform | Valuation/Cap | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|---|
| Beta Bionics | 08/30/2023 | Self Managed | - | $0 | Other Security Type | Funded | RegD 506(c) |
| Beta Bionics | 03/02/2022 | Self Managed | - | $0 | Equity - Common | Funded | RegD 506(b) |
| Beta Bionics | 07/22/2019 | Self Managed | - | $0 | Equity - Common | Funded | RegD 506(b) |
| Beta Bionics | 12/27/2017 | Self Managed | - | $0 | Equity - Common | Funded | RegD 506(b) |
| Beta Bionics | 12/19/2016 | Wefunder | $100,000,000 | $1,000,000 | Equity - Common | Funded | RegCF |
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