EncrypGen

Early Stage

You Own You: own and profit from your de-identified data!

Analytics

Raised to Date: Raised: $1,100

Aggregate Commitments $

Platform

Fundopolis

Start Date

09/24/2020

Close Date

03/21/2021

Min. Goal

$25,000

Max. Goal

$107,000

Min. Investment

$100

Security Type

Convertible Note

Funding Type

RegCF

Series

Pre-Seed

Valuation Cap

$6,000,000

Discount Rate

20%

Rolling Commitments $

Status
Not Funded
Reporting Date

03/21/2021

Days Remaining
Not Funded
% of Min. Goal

4%

% of Max. Goal

1%

Likelihood of Max
Not Funded
Avg. Daily Raise

$6

Momentum
Not Funded
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Location

Pompano Beach, Florida

Industry

Security, Cybersecurity, & Defense

Tech Sector

HealthTech

Distribution Model

B2B/B2C

Margin

High

Capital Intensity

Low

Business Type

Growth

EncrypGen, with a $6 million valuation cap, is raising crowdfunding on Fundopolis. The technology at EncrypGen helps to privately store users’ genetic data so that users can store and sell their de-identified data to researchers in exchange for a cryptocurrency. EncrypGen does not levy any cost to users for storing data but takes 10% of the sale price as a commission. David Koepsell founded EncrypGen in January 2018. The proceeds of the current crowdfunding campaign, with a minimum raise of $25,000 and a maximum raise of $107,000, will be used to acquire new users. EncrypGen has a user base of over 1,100 who have uploaded 767 files that have been purchase 175 times for an average price of $15 each. The company is connecting customers to researchers with total control over rights, privacy, and transparency.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$271,186

$281,649

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-271,186

$-281,694

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$2,327

$4,410

Accounts Receivable

$0

$0

Total Assets

$2,327

$4,410

Short-Term Debt

$0

$14,416

Long-Term Debt

$309,208

$25,689

Total Liabilities

$309,208

$40,105

Financials as of: 09/24/2020
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