Delee (2022)

About this raise

Delee, with a valuation of $22 million, is raising funds on Republic. The company has created a device, CytoCatch, for the early detection of circulating tumor cells in the bloodstream. The device also assists in the personalization and optimization of the treatment of patients and monitors the effectiveness of treatments. Thus, CytoCatch helps to increase the chances of curing cancer and survival. Delee already has a fully functional technology that is being tested for prostate cancer and breast cancer and will start its research use-only sales by Q4 of 2022. Liza Velarde, Juan Felipe Yee, and Alejandro Abarca founded Delee in November 2016. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $4,000,000. The campaign proceeds will be used for the completion of clinical studies, the establishment of multiple collaborations, and commercial launch of the technology.

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Investment Overview

Invested this round: $204,059

Deal Terms

Total Commitments

Platform
Republic
Start Date
06/06/2022
Close Date
12/16/2022
Min. Goal
$25,000
Max Goal
$4,000,000
Min. Investment

$100

Security Type

SAFE

Company Stage

Early Stage

SEC Filing Type

RegCF    Open SEC Filing

Early Bird Val. Cap

$19,000,000

Valuation Cap

$22,000,000

Discount

0%

Company & Team

Company

Year Founded
2016
Industry
Healthcare & Pharmaceuticals
Tech Sector
Biotech
Distribution Model
B2B
Margin
Medium
Capital Intensity
High
Location
Laredo, Texas
Business Type
Growth
Company Website
Visit Website

Team

Employees
16
Prior Founder Exits?
No
Founder Name
Alejandro Abarca
Title
CTO
Founder Name
Juan Yee
Title
CMO
Founder Name
Liza Velarde
Title
Director & CEO

Financials

 Revenue
$0
 Monthly Burn
$37,024
 Runway
2 months

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-444,284

$-714,442

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$75,402

$344,289

Accounts Receivable

$0

$0

Total Assets

$253,337

$455,488

Short-Term Debt

$76,086

$9,896

Long-Term Debt

$0

$0

Total Liabilities

$76,086

$9,896

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$1,590,498
VC Backed?
Yes
Offering Name Close Date Platform Valuation Total Raised Security Type Status Reg Type
Delee 12/16/2022 Republic $22,000,000 $204,059 SAFE Funded RegCF
Delee 04/06/2022 StartEngine $22,040,057 $347,498 Equity - Preferred Funded RegCF
Delee 04/24/2020 Republic $10,000,000 $1,070,000 SAFE Funded RegCF
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Growth Charts

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Valuation History

Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Employee History

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Add to portfolio
Delee on Republic 2022
Platform: Republic
Security Type: SAFE
Valuation: $22,000,000

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Follow Delee on Republic 2022

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

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