GenBio

GenBio

Early Stage

'Expanding Possibilities Through Nature'

'Expanding Possibilities Through Nature'

Overview

Raised to Date: Raised: $24,450

Total Commitments ($USD)

Platform

truCrowd

Start Date

03/11/2021

Close Date

10/08/2021

Min. Goal
$10,000
Max. Goal
$1,070,000
Min. Investment

$250

Security Type

Equity - Common

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$2.00

Pre-Money Valuation

$20,000,000

Rolling Commitments ($USD)

Status
Funded
Reporting Date

10/30/2021

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$116

# of Investors

30

Momentum
Funded
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Year Founded

2018

Industry

Healthcare & Pharmaceuticals

Tech Sector

Biotech

Distribution Model

B2B

Margin

Low

Capital Intensity

High

Location

Aliso Viejo, California

Business Type

Growth

GenBio, with a pre-money valuation of $20 million, is raising crowdfunding on TruCrowd. It is a biotechnology company working on medical research breakthroughs in the treatment of inflammation. The company is working on furthering its research to develop more potent and less toxic drugs to treat inflammatory conditions and diseases. Todd Sonoga founded GenBio in 2018. The proceeds of the current crowdfunding campaign, with a minimum goal of $10,000 and a maximum goal of $1,070,000, will be used for sales and marketing, research and development, accountancy, legal expenses, and general operating expenses. GenBio has already conducted extensive research and is looking at taking its findings to the next critical stage.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-52,666

$-17,050

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$0

$0

Accounts Receivable

$0

$0

Total Assets

$0

$0

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0

Financials as of: 03/11/2021
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GenBio on TruCrowd
Platform: truCrowd
Security Type: Equity - Common
Valuation: $20,000,000
Price per Share: $2.00

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