DAO Labs

DAO Labs

Early Stage

Modern Approach to Ancient Wellness

Modern Approach to Ancient Wellness

Overview

Raised to Date: Raised: $48,868

Total Commitments ($USD)

Platform

StartEngine

Start Date

07/18/2021

Close Date

01/15/2022

Min. Goal
$9,998
Max. Goal
$1,069,998
Min. Investment

$300

Security Type

Equity - Common

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$2.83

Pre-Money Valuation

$12,499,210

Rolling Commitments ($USD)

Status
Not Funded
Reporting Date

01/30/2022

Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise

$271

# of Investors

44

Momentum
Not Funded
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Year Founded

2015

Industry

Fitness & Wellness

Tech Sector

Biotech

Distribution Model

B2B/B2C

Margin

High

Capital Intensity

High

Location

Minneapolis, Minnesota

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: 07/18/2021
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DAO Labs on StartEngine 2021
Platform: StartEngine
Security Type: Equity - Common
Valuation: $12,499,210
Price per Share: $2.83

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