Foment Bio
About this raise
Foment Bio, with a valuation of $17.5 million, is raising funds on StartEngine. It is a biopharmaceutical company developing a novel transient gene therapy platform to treat cardiometabolic dysfunction. Foment Bio’s transient gene therapy leads to regenerative exosome production inside the body and prevents cell death, reduces fibrosis, decreases inflammation, and restores microvasculature. The platform has high potential in human indications, but its development in the companion animal space offers a higher potential for near-term commercialization. Ben Chlebina and Marc Penn founded Foment Bio in February 2023. The current crowdfunding campaign has a minimum target of $124,000 and a maximum target of $1.24 million. The campaign proceeds will be used for legal and IP maintenance, research and development, manufacturing and inventory, and personnel expenses.
Investment Overview
Committed : $20,700
Deal Terms
Total Commitments
- Platform
- StartEngine
- Start Date
- 04/24/2025
- Close Date
- 07/22/2025
$124,000
$1,235,000
$500
SAFE
Early Stage
RegCF
$17,500,000
20%
Company & Team
Company
- Year Founded
- 2023
- Industry
- Healthcare & Pharmaceuticals
- Tech Sector
- Distribution Model
- B2B2C
- Margin
- Medium
- Capital Intensity
- High
Financials
-
Revenue
-
$0
as of FY2024
- Monthly Burn
-
$35,000
as of Mar '25
-
Runway
-
0.2 months
as of Mar '25
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $542,550
- VC Backed?
- No
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 07/22/2025 | StartEngine | $17,500,000 | $20,700 | SAFE | Active | RegCF |