DataBiologics

DataBiologics

DataBiologics, with a valuation of $10 million, is raising funds on Wefunder. The company has developed simple and automated software that enables everyday practices to collaborate and conduct research. DataBiologics enables practices to conduct brief patient surveys and generates insights for research, education, and marketing. The platform has a database of 130 clinics, 220 providers, and 11,000 patients and has clients including SoftWave, Emory Healthcare, and Orthohealing Center. Leah Braddell and Luke Malanga founded DataBiologics in August 2018. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1.24 million. The campaign proceeds will be used for sales and marketing, hiring developers and data engineers, operations, and general and administrative expenses.

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Investment Overview

Raised this Round: Raised: $107,075

Deal Terms

Total Commitments ($USD)

Platform
Wefunder
Start Date
09/27/2024
Close Date
01/10/2025
Min. Goal
$50,000
Max. Goal
$1,235,000
Min. Investment

$100

Security Type

SAFE

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Early Bird Val. Cap

$9,000,000

Valuation Cap

$10,000,000

Discount

10%

Company & Team

Company

Year Founded
2018
Industry
Business Services, Software, & Applications
Tech Sector
EnterpriseTech
Distribution Model
B2B2C
Margin
Medium
Capital Intensity
Low
Location
Gilbert, Arizona
Business Type
High Growth
Company Website
Visit Website

Team

Employees
2
Prior Founder Exits?
No
Founder Name
Leah Braddell
Title
CEO
Founder Name
Luke Malanga
Title
COO
Founder Name
Christopher Rogers
Title
Co-Founder
Founder Name
Jay Bowen

Financials

as of August 31, 2024
 Revenue +371% YoY
$275,446
 Monthly Burn
$2,777
 Runway
14.4 months

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$275,446

$58,512

COGS

$0

$14,852

Tax

$0

$0

 

 

Net Income

$-484,507

$-334,463

Summary Balance Sheet

FY 2023 FY 2022

Cash

$179,344

$9,596

Accounts Receivable

$0

$0

Total Assets

$403,367

$260,490

Short-Term Debt

$106

$0

Long-Term Debt

$717,278

$130,000

Total Liabilities

$717,384

$130,000

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$645,000
VC Backed?
Yes
Close Date Platform Valuation Total Raised Security Type Status Reg Type
01/10/2025 Wefunder $10,000,000 $107,075 SAFE Active RegCF
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DataBiologics on Wefunder 2024
Platform: Wefunder
Security Type: SAFE
Valuation: $10,000,000

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