BrainScanology

Early Stage

An objective diagnosis & risk score for common brain diseases delivered in 24hr

Overview

Raised to Date: Raised: $88,750

Total Commitments ($USD)

Platform

Wefunder

Start Date

10/14/2022

Close Date

12/30/2022

Min. Goal

$50,000

Max. Goal

$1,070,000

Min. Investment

$100

Security Type

SAFE

Series

Seed

Funding Type

RegCF

Valuation Cap

$20,000,000

Discount Rate

0%

Rolling Commitments ($USD)

Status
Funded
Reporting Date

01/01/2023

Days Remaining
Funded
% of Min. Goal

178%

% of Max. Goal

8%

Likelihood of Max
Funded
Avg. Daily Raise

$1,153

# of Investors

68

Momentum
Funded
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Location

Cupertino, California

Industry

Healthcare & Pharmaceuticals

Tech Sector

HealthTech

Distribution Model

B2B

Margin

Medium

Capital Intensity

Low

Business Type

Growth

BrainScanology, with a valuation of $20 million, is raising funds on Wefunder. The company has developed the technology to study MRI scans of the brain to track the risk of developing bipolar disorder, ADHD, dementia, or Alzheimer’s disease. The technology uses the Linearised Compressed Polar Coordinates (LCPC) transform to track the risks. BrainScanology’s algorithm works on images from ultrasound/X-rays/CTs/MRIs and for every organ and multiple diseases in each organ. Harini Kumar and Dave Nguyen founded BrainScanology in August 2020. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1.07 million. The campaign proceeds will be used for growth and expansion.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$7,235

$0

 

 

Net Income

$-508,409

$0

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$372,595

$0

Accounts Receivable

$0

$0

Total Assets

$394,369

$0

Short-Term Debt

$59,037

$0

Long-Term Debt

$842,741

$0

Total Liabilities

$901,778

$0

Financials as of: 10/14/2022
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
BrainScanology 12/30/2022 Wefunder $20,000,000 $88,750 SAFE Funded RegCF
BrainScanology 08/31/2021 Wefunder $20,000,000 $164,965 SAFE Funded RegCF
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BrainScanology on Wefunder 2022
$
Platform: Wefunder
Security Type: SAFE
Valuation: $20,000,000
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