GenoBank.io

GenoBank.io

Early Stage

The world’s most secure way to exchange DNA data

The world’s most secure way to exchange DNA data

Overview

Raised to Date: Raised: $59,484

Total Commitments ($USD)

Platform

Wefunder

Start Date

12/31/2020

Close Date

04/30/2022

Min. Goal
$50,000
Max. Goal
$596,291
Min. Investment

$100

Security Type

SAFE

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$21,000,000

Discount

25%

Rolling Commitments ($USD)

Status
Funded
Reporting Date

04/30/2022

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

$123

# of Investors

104

Momentum
Funded
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Year Founded

2018

Industry

Healthcare & Pharmaceuticals

Tech Sector

Biotech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

High

Location

San Mateo, California

Business Type

Growth

Company Website

GenoBank, with a valuation cap of $21 million, is raising funds on Wefunder. The company has created a DNA testing kit and platform that preserve the privacy of the consumers. The DNA test kit of GenoBank leverages blockchain technology to control DNA and biosamples. Daniel Uribe founded GenoBank in May 2018 and has raised over $720,000 since the inception. The current crowdfunding round has a minimum target of $50,000 and a maximum target of $596,291, and the proceeds will be used for research and development, marketing, business development, and storage and sequencing lab services. GenoBank has over 2,000 users and four enterprise customers. It has three pending patents filed in the US.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-158,522

$-14

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$1,027

$36

Accounts Receivable

$0

$0

Total Assets

$6,478

$36

Short-Term Debt

$0

$0

Long-Term Debt

$165,000

$0

Total Liabilities

$165,000

$0
Financials as of: 12/31/2020
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
GenoBank.io 04/29/2022 Wefunder $21,000,000 $59,484 SAFE Funded RegCF
GenoBank.io 07/30/2020 Republic $10,000,000 $506,319 SAFE Funded RegCF
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Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Valuation History

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.

Employee History

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GenoBank on Wefunder
Platform: Wefunder
Security Type: SAFE
Valuation: $21,000,000

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