About this raise
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.
Investment Overview
Invested : $59,484
Deal Terms
Total Commitments
- Platform
- Wefunder
- Start Date
- 01/01/2021
- Close Date
- 04/30/2022
$50,000
$596,291
$100
SAFE
Pre-Seed
RegCF
$21,000,000
25%
Company & Team
Company
- Year Founded
- 2018
- Industry
- Healthcare & Pharmaceuticals
- Tech Sector
- Distribution Model
- B2B/B2C
- Margin
- Medium
- Capital Intensity
- High
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