GenoBank.io
The world’s most secure way to exchange DNA data
Overview
Raised: $59,484
Total Commitments ($USD)
Platform
Wefunder
Start Date
01/01/2021
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
Valuation Cap
$21,000,000
Discount
25%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
05/01/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$123
# of Investors
104
Momentum
Funded
Create a free account today to gain access to KingsCrowd analytics.
Year Founded
2018
Industry
Healthcare & Pharmaceuticals
Tech Sector
Biotech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
High
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: 01/01/2021
Create a free account today to gain access to KingsCrowd analytics.
Create a free account today to gain access to KingsCrowd analytics.
Upgrade to gain access
Pay Monthly
Annually (Save 17%)
-
$12.42 /month
billed annually - Free portfolio tracking and KingsCrowd's quantitative ratings on all raises.
- Plan Includes:
- Everything in Free, plus
- Company specific
KingsCrowd ratings (excluding risk)
- Advanced company search ( with ratings)
- Markets page filters and historical industry data
- Get Edge Annual
Edge
-
$41.58 /month
billed annually - Full site access including KingsCrowd's qualitative analyst reports.
- Plan Includes:
- Everything in Edge, plus
- Full access to detailed Analyst Reports (e.g. Top Deal, Deal to Watch, Neutral, and Underweight)
- Search and filter based on Analyst Reports
- In-depth risk ratings for every raise
- Get Edge Pro Annual
Edge Pro
Already a member? Log in here.
Ratings 
Founders: enhance your startup's credibility on KingsCrowd. Create an account to claim this raise page.