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.
Investment Overview
Invested : $164,965
Deal Terms
Total Commitments
- Platform
- Wefunder
- Start Date
- 12/18/2020
- Close Date
- 08/31/2021
$50,000
$1,070,000
$100
SAFE
Early Stage
RegCF
$20,000,000
30%
Company & Team
Company
- Year Founded
- 2020
- Industry
- Healthcare & Pharmaceuticals
- Tech Sector
- Distribution Model
- B2B2C
- Margin
- Medium
- Capital Intensity
- Low
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