DAO Labs

Early Stage

Modern Approach to Ancient Wellness

Analytics

Raised to Date: Raised: $48,810

Aggregate Commitments $

Platform

StartEngine

Start Date

07/19/2021

Close Date

01/15/2022

Min. Goal

$9,998

Max. Goal

$1,069,998

Min. Investment

$300

Security Type

Equity - Common

Funding Type

RegCF

Series

Pre-Seed

Pre-Money Valuation

$12,499,210

Rolling Commitments $

Status

Active

Reporting Date

11/28/2021

Days Remaining

48

% of Min. Goal

488%

% of Max. Goal

5%

Likelihood of Max
unlikely
Avg. Daily Raise

$370

Momentum
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Location

Minneapolis, Minnesota

Industry

Fitness & Wellness

Tech Sector

Biotech

Distribution Model

B2B/B2C

Margin

High

Capital Intensity

High

Business Type

Growth

DAO Labs, with a pre-money valuation of $12.5 million, is raising funds on StartEngine. The company makes dietary supplements and lifestyle products that combine the traditional principles of Chinese medicine with modern convenience. The solutions of DAO Labs are born in nature and not in a lab and bring new ways of health and healing. John G. McGarvey founded DAO Labs in October 2015. The current crowdfunding round has a minimum raise of $9,998.39 and a maximum raise of $1,069,997.53, and the proceeds will be used to expand the customer base, expand the product offerings, and expand the telehealth initiative. DAO Labs has an established portfolio of products with incredible customer testimonials and a growing customer base.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$339,994

$187,784

COGS

$127,500

$100,922

Tax

$0

$0

 

 

Net Income

$-172,085

$-374,392

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$15,540

$22,699

Accounts Receivable

$0

$0

Total Assets

$77,374

$80,299

Short-Term Debt

$330,812

$98,586

Long-Term Debt

$431,242

$494,307

Total Liabilities

$762,054

$592,893

Financials as of: 07/19/2021
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DAO Labs on StartEngine 2021
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Platform: StartEngine
Security Type: Equity - Common
Valuation: $12,499,210

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