DNALabs Canada

DNALabs Canada

Closed: Oct. 2023

About this raise

DNALabs Canada is raising funds through Reg A+ crowdfunding with Dalmore Group as the Broker-Dealer. The company is focused on developing safe and useful genetic testing products across Canada and the US. The innovative, useful, and affordable DNA testing products of DNALabs Canada are well-established and available through hospitals, medical clinics, pharmacies, and an online shop. DNALabs Canada has delivered over 6,000 tests to date with 99.97% accuracy and received more than 100,000 recommendations. Moni Lustig founded DNALabs Canada in 2016. The current crowdfunding campaign has a maximum target of $9.99 million. The campaign proceeds will be used for marketing, development of the Health Locker app, R&D on new projects, hiring, and working capital.

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Investment Overview

Invested this round: $99,693

Deal Terms

Total Commitments ($USD)

Platform
Dalmore Group
Start Date
10/21/2022
Close Date
Not Provided
Min. Goal
$225
Max Goal
$9,999,999
Min. Investment

$225

Security Type

Equity - Common

Series

Pre-Seed

SEC Filing Type

RegA+    Open SEC Filing

Price Per Share

$9.00

Pre-Money Valuation

$76,941,684

Company & Team

Company

Year Founded
2016
Industry
Healthcare & Pharmaceuticals
Tech Sector
HealthTech
Distribution Model
B2C
Margin
Medium
Capital Intensity
Low
Location
Toronto, Ontario
Business Type
Growth
Company Website
Visit Website

Team

Employees
7
Prior Founder Exits?
No
Founder Name
Moni Lustig
Title
CEO

Financials

 Revenue +108% YoY
$441,716
 Monthly Burn
$14,087
 Runway
24+ months

Balance Sheet

Cash and Cash Equivalents

$347,527

Accounts and Notes Receivable

$50,535

Total Assets

$529,300

Accounts Payable & Accrued Liabilities

$192,455

Long Term Debt

$38,386

Total Liabilities

$265,203

Total Stockholders' Equity

$-1,044,059

Total Liabilities and Equity

$529,300

Statement of Comprehensive Income Information

Total Revenues

$441,716

Costs & Expenses Applicable to Rev

$205,863

Depreciation and Amortization

$0

Net Income

$-169,041

Earnings Per Share - Basic

$-25.59

Earnings Per Share - Diluted

$-25.59

Auditor: Daszkal Bolton LLC
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Company Funding & Growth

Funding history

Total Prior Capital Raised
$0
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
10/28/2023 Dalmore Group $76,941,684 $99,693 Equity - Common Funded RegA+
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Add to portfolio
DNALabs Canada on Dalmore Group 2022
Platform: Dalmore Group
Security Type: Equity - Common
Valuation: $76,941,684
Price per Share: $9.00

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