GenoBank.io

Early Stage

The world’s most secure way to exchange DNA data

Analytics

Raised to Date: Raised: $60,984

Aggregate Commitments $

Platform

Wefunder

Start Date

01/01/2021

Close Date

05/01/2022

Min. Goal

$50,000

Max. Goal

$596,291

Min. Investment

$100

Security Type

SAFE

Funding Type

RegCF

Series

Pre-Seed

Valuation Cap

$21,000,000

Discount Rate

25%

Rolling Commitments $

Status

Active

Reporting Date

01/27/2022

Days Remaining

94

% of Min. Goal

122%

% of Max. Goal

10%

Likelihood of Max
unlikely
Avg. Daily Raise

$156

Momentum
cold.svg
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Location

San Mateo, California

Industry

Healthcare & Pharmaceuticals

Tech Sector

Biotech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

High

Business Type

Growth

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
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
GenoBank.io 05/01/2022 Wefunder $21,000,000 $60,984 SAFE Active RegCF
GenoBank.io 07/31/2020 Republic $10,000,000 $506,319 SAFE Funded RegCF
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GenoBank on Wefunder
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Platform: Wefunder
Security Type: SAFE
Valuation: $21,000,000
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