Gerostate Alpha

Early Stage

A pharmaceutical company dedicated to treating aging and age-related disease

Analytics

Raised to Date: Raised: $572,122

Aggregate Commitments $

Platform

Wefunder

Start Date

10/05/2021

Close Date

11/15/2021

Min. Goal

$50,000

Max. Goal

$4,500,000

Min. Investment

$100

Security Type

SAFE

Funding Type

RegCF

Series

Seed

Valuation Cap

$20,000,000

Discount Rate

0%

Rolling Commitments $

Status
Funded
Reporting Date

11/30/2021

Days Remaining
Funded
% of Min. Goal

1,144%

% of Max. Goal

13%

Likelihood of Max
Funded
Avg. Daily Raise

$13,954

Momentum
Funded
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Location

Novato, California

Industry

Healthcare & Pharmaceuticals

Tech Sector

Biotech

Distribution Model

B2B/B2C

Margin

Low

Capital Intensity

High

Business Type

Growth

Gerostate Alpha, with a valuation of $20 million, is raising funds on Wefunder. The pharmaceutical company is making drugs that slow down tissue aging. The unbiased drug development pipeline of the company addresses multiple functional domains of aging, including cardiovascular, muscular, neurological, and metabolic. Gerostate Alpha delivers drug candidates to slow aging with a success rate of 20%. The company is currently testing its products on aging mice. Simon Melov founded Gerostate Alpha in June 2018. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $4,500,000. The campaign proceeds will be used for the study of priority candidates for positive effects.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$1,930

$872

 

 

Net Income

$-640,862

$-922,032

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$302,791

$627,109

Accounts Receivable

$0

$0

Total Assets

$414,210

$752,475

Short-Term Debt

$48,845

$51,048

Long-Term Debt

$54,800

$0

Total Liabilities

$103,645

$51,048

Financials as of: 10/05/2021
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Gerostate Alpha 11/15/2021 Wefunder $20,000,000 $572,122 SAFE Funded RegCF
Gerostate Alpha 08/10/2021 Wefunder $15,000,000 $277,216 SAFE Funded RegCF
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Gerostate Alpha on Wefunder 2021
$
Platform: Wefunder
Security Type: SAFE
Valuation: $20,000,000
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