HueDx
Early Stage
Accelerating quantitative testing in Medical, R&D, Agro, & Industrial sectors
Overview
Raised: $0
Total Commitments ($USD)
Platform
Republic
Start Date
06/23/2023
Close Date
08/12/2023
Min. Goal
$50,000
Max. Goal
$1,235,000
Min. Investment
$100
Security Type
SAFE
Series
Series A
SEC Filing Type
RegCF
Valuation Cap
$25,000,000
Discount
0%
Rolling Commitments ($USD)
Status
Not Funded
Reporting Date
08/12/2023
Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise
$0
Momentum
Not Funded
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Year Founded
2017
Industry
Healthcare & Pharmaceuticals
Tech Sector
HealthTech
Distribution Model
B2C
Margin
Medium
Capital Intensity
High
HueDx, with a valuation of $25 million, is raising funds on Republic. The company has developed a technology platform for developing diagnostic tests. The platform eliminates the need to develop physical devices while launching a Rapid Quantitative Assay product and allows users to maintain precise and quantitative results. HueDx finds applications in medicine, manufacturing, agriculture, R&D, and industrial sectors. Brianna Wronko-Stevens founded HueDx in February 2017. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1.24 million. The campaign proceeds will be used for R&D, sales, operations, manufacturing, and stocking.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-1,617,497 |
$-1,270,604 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$37,320 |
$20,988 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$149,970 |
$229,334 |
|
Short-Term Debt |
$337,610 |
$341,499 |
|
Long-Term Debt |
$180,005 |
$296,874 |
|
Total Liabilities |
$517,615 |
$638,373 |
Financials as of: 06/23/2023
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