Biophysical Therapeutics

Biophysical Therapeutics

Closed: Apr. 2024

About this raise

Biophysical Therapeutics, with a valuation of $6.5 million, is raising funds on Wefunder. It is a computational biology platform company with a pipeline of experimentally-validated new drugs. Biophysical Therapeutics is currently trying to develop a drug to slow aging and has a patented drug that slows metabolic rate and aging in mice. The company aims to receive approvals for its drug and license it to cosmetic companies for profit share. Dr. Michael Forrest founded Biophysical Therapeutics in October 2022. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $124,000. The campaign proceeds will be used for drug synthesis and operating expenses.

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Investment Overview

Invested this round: $63,690

Deal Terms

Total Commitments ($USD)

Platform
Wefunder
Start Date
10/18/2023
Close Date
04/29/2024
Min. Goal
$50,000
Max Goal
$124,000
Min. Investment

$100

Security Type

SAFE

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Early Bird Val. Cap

$5,000,000

Valuation Cap

$6,500,000

Discount

0%

Company & Team

Company

Year Founded
2022
Industry
Healthcare & Pharmaceuticals
Tech Sector
Biotech
Distribution Model
B2B2C
Margin
Medium
Capital Intensity
High
Location
Wilmington, Delaware
Business Type
Growth
Company Website
Visit Website

Team

Employees
1
Prior Founder Exits?
No
Founder Name
Michael Forrest
Title
CEO

Financials

as of Fiscal Year 2022
 Revenue
$0
 Cash on Hand
$90

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$0

$0

Summary Balance Sheet

FY 2022 FY 2021

Cash

$90

$0

Accounts Receivable

$0

$0

Total Assets

$90

$0

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$135,000
VC Backed?
Yes
Close Date Platform Valuation Total Raised Security Type Status Reg Type
04/29/2024 Wefunder $6,500,000 $63,690 SAFE Funded RegCF
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Add to portfolio
Biophysical Therapeutics on Wefunder 2023
Platform: Wefunder
Security Type: SAFE
Valuation: $6,500,000

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Follow Biophysical Therapeutics on Wefunder 2023

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Warning: according to the close date for this deal, Biophysical Therapeutics may no longer be accepting investments.

Biophysical Therapeutics Deal Report

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