BioCertica, Inc.
Early Stage
A personalized shopping experience for wellness customers using AI.
Overview
Raised: $25,021
Total Commitments ($USD)
Platform
Republic
Start Date
06/16/2023
Close Date
08/14/2023
Min. Goal
$25,000
Max. Goal
$1,235,000
Min. Investment
$100
Security Type
SAFE
Series
Seed
SEC Filing Type
RegCF
Valuation Cap
$9,000,000
Discount
0%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
08/31/2023
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$424
# of Investors
48
Momentum
Funded
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Year Founded
2020
Industry
Healthcare & Pharmaceuticals
Tech Sector
HealthTech
Distribution Model
B2B/B2C
Margin
Low
Capital Intensity
Low
BioCertica, with a valuation of $9 million, is raising funds on Republic. The company has developed a biotechnology platform that combines advanced genetic testing and encryption technology to unlock, interpret and protect your identity. This is done by giving you unique DNA test results in the palm of your hand through a mobile application. Gert Van Wyk, Arno Smit and Faris Zacina founded BioCertica in August 2020. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $1,235,000. The campaign proceeds will be used for technology and product, Opex, Capex and sales and marketing.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$180,841 |
$192,828 |
|
COGS |
$420,788 |
$228,861 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-685,525 |
$-200,342 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$1,252 |
$37,478 |
|
Accounts Receivable |
$4,601 |
$1,625 |
|
Total Assets |
$289,456 |
$183,545 |
|
Short-Term Debt |
$791,194 |
$83,019 |
|
Long-Term Debt |
$0 |
$55,788 |
|
Total Liabilities |
$791,194 |
$138,807 |
Financials as of: 06/16/2023
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