BrainScanology (2021)

BrainScanology (2021)

Closed: Aug. 2021

About this raise

BrainScanology, with a $20 million valuation cap, is raising crowdfunding 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. Harini Kumar and Dave Nguyen founded BrainScanology in August 2020. The proceeds of the current crowdfunding round, with a minimum goal of $50,000 and a maximum goal of $107,000, will be used for marketing, legal and patent fees, and salaries. BrainScanology’s technology is expected to help detect diseases early and save many lives. The LCPC algorithm is a game-changer in MRI analysis.

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Investment Overview

Invested this round: $164,965

Deal Terms

Total Commitments

Platform
Wefunder
Start Date
12/18/2020
Close Date
08/31/2021
Min. Goal
$50,000
Max Goal
$1,070,000
Min. Investment

$100

Security Type

SAFE

Company Stage

Early Stage

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$20,000,000

Discount

30%

Company & Team

Company

Year Founded
2020
Industry
Healthcare & Pharmaceuticals
Tech Sector
HealthTech
Distribution Model
B2B2C
Margin
Medium
Capital Intensity
Low
Location
Cupertino, California
Business Type
Growth
Company Website
Visit Website

Team

Employees
2
Prior Founder Exits?
No
Founder Name
Harini Kumar
Title
COO
Founder Name
David Nguyen
Title
CEO

Financials

 Revenue
$0
 Cash on Hand
$0

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$0

$0

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$0

$0

Accounts Receivable

$0

$0

Total Assets

$0

$0

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
12/30/2022 Wefunder $20,000,000 $88,750 SAFE Funded RegCF
08/31/2021 Wefunder $20,000,000 $164,965 SAFE Funded RegCF
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Growth Charts

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Valuation History

Employee History

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BrainScanology on Wefunder
Platform: Wefunder
Security Type: SAFE
Valuation: $20,000,000

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

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