GenoBank.io

GenoBank.io

Closed: Jul. 2020

About this raise

Genobank.io is raising funds on Republic via Crowd SAFE with a $10 million valuation cap. The company aims to address privacy issues in DNA test kits. The team has created the world's first encrypted DNA extraction kit. In doing so, Genobank.io has created a DNA wallet that is decentralized and therefore virtually unhackable. It gives the user complete control over their biorecords, and nobody can gain access without explicit consent. The team is offering both D2C and enterprise models and has a minimum target of $100k.

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Investment Overview

Invested this round: $506,319

Deal Terms

Total Commitments

Platform
Republic
Start Date
12/16/2019
Close Date
07/31/2020
Min. Goal
$100,000
Max Goal
$1,070,000
Min. Investment

$100

Security Type

SAFE

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$10,000,000

Discount

15%

Company & Team

Company

Year Founded
2018
Industry
Healthcare & Pharmaceuticals
Tech Sector
Biotech
Distribution Model
B2B/B2C
Margin
High
Capital Intensity
High
Location
San Mateo, California
Business Type
High Growth
Company Website
Visit Website

Team

Employees
2
Founder Name
Daniel Uribe
Title
CEO
Founder Name
Everardo J. Barojas
Title
Adviser

Financials

 Revenue
$0
 Monthly Burn
$1
 Runway
24+ months

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-14

$0

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$36

$0

Accounts Receivable

$-71

$0

Total Assets

$36

$0

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
04/30/2022 Wefunder $21,000,000 $59,484 SAFE Funded RegCF
07/31/2020 Republic $10,000,000 $506,319 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

Employee History

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Add to portfolio
Genobank on Republic
Platform: Republic
Security Type: SAFE
Valuation: $10,000,000

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