Clone

Clone

Closed: Apr. 2023

About this raise

Clone, with a valuation of $30 million, is raising funds on Republic. The company is using its technology to design synthetic humans capable of performing any task. Currently, the business has created a clone of the human hand using functional biomimetic design, monolithic tendon muscles, soft tissues, and molded bones. Based on the experience gained from creating the synthetic hand, Clone aims to build a whole synthetic human body. Dhanush Radhakrishnan and Lukasz Kozlik founded Clone in October 2021. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $1.24 million. The campaign proceeds will be used for technology and product development, production, and infrastructure.

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Investment Overview

Not Funded: $0

Deal Terms

Total Commitments

Platform
Republic
Start Date
02/27/2023
Close Date
04/25/2023
Min. Goal
$25,000
Max Goal
$1,235,000
Min. Investment

$100

Security Type

SAFE

Company Stage

Early Stage

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$30,000,000

Discount

0%

Company & Team

Company

Year Founded
2021
Industry
Industrial Services
Tech Sector
AutomationTech
Distribution Model
B2B/B2C
Margin
Low
Capital Intensity
High
Location
New York, New York
Business Type
Growth
Company Website
Visit Website

Team

Employees
12
Prior Founder Exits?
No
Founder Name
Dhanush Rad
Title
CEO
Founder Name
Lukasz Kozlik
Title
Director & CTO

Funding data not publicly available

Financials

 Revenue
$0
as of FY2021
 Monthly Burn
$168
as of FY2021
 Runway
24+ months
as of FY2021

Summary Profit and Loss Statement

FY 2021 FY 2020

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-2,020

$0

Summary Balance Sheet

FY 2021 FY 2020

Cash

$298,065

$0

Accounts Receivable

$0

$0

Total Assets

$298,065

$0

Short-Term Debt

$0

$0

Long-Term Debt

$300,000

$0

Total Liabilities

$300,000

$0

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$640,000
VC Backed?
Yes
Close Date Platform Valuation Total Raised Security Type Status Reg Type
04/25/2023 Republic $30,000,000 $0 SAFE Not Funded RegCF
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Add to portfolio
Clone on Republic 2023
Platform: Republic
Security Type: SAFE
Valuation: $30,000,000

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Follow Clone on Republic 2023

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

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