Gerostate Alpha

Gerostate Alpha

Early Stage

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

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

Overview

Raised to Date: Raised: $277,216

Total Commitments ($USD)

Platform

Wefunder

Start Date

07/19/2021

Close Date

08/10/2021

Min. Goal
$50,000
Max. Goal
$1,070,000
Min. Investment

$100

Security Type

SAFE

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Early Bird Val. Cap

$13,500,000

Valuation Cap

$15,000,000

Discount

10%

Rolling Commitments ($USD)

Status
Funded
Reporting Date

08/30/2021

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

$13,201

# of Investors

252

Momentum
Funded
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Year Founded

2018

Industry

Healthcare & Pharmaceuticals

Tech Sector

Biotech

Distribution Model

B2B/B2C

Margin

Low

Capital Intensity

High

Location

Novato, California

Business Type

Growth

Gerostate Alpha, with a $15 million valuation cap, 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. Simon Melov founded Gerostate Alpha in June 2018. The proceeds of the current crowdfunding round, with a minimum target of $50,000 and a maximum target of $1,070,000, will be used towards the eight-month study of three priority candidate compounds, personnel and equipment costs, animal purchase and housing, equipment, and animal feed and reagents. Gerostate Alpha delivers drug candidates to slow aging with a success rate of 20%. The company is currently testing its products on aging mice.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$6,000

COGS

$0

$0

Tax

$1,930

$872

 

 

Net Income

$-636,728

$-920,725

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$302,791

$627,109

Accounts Receivable

$0

$0

Total Assets

$415,190

$753,781

Short-Term Debt

$44,386

$51,048

Long-Term Debt

$2,389,786

$208,498,600

Total Liabilities

$2,434,172

$208,549,648

Financials as of: 07/19/2021
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Gerostate Alpha 11/14/2021 Wefunder $20,000,000 $572,122 SAFE Funded RegCF
Gerostate Alpha 08/09/2021 Wefunder $15,000,000 $277,216 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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Gerostate Alpha on Wefunder 2021
Platform: Wefunder
Security Type: SAFE
Valuation: $15,000,000

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