IdentifySensors Biologics

IdentifySensors Biologics

Growth Stage

Digital diagnostic platform

Digital diagnostic platform

Overview

Raised to Date: Raised: $61,478

Total Commitments ($USD)

Platform

PicMii

Start Date

01/08/2024

Close Date

06/25/2024

Min. Goal
$9,999
Max. Goal
$5,000,000
Min. Investment

$990

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$4.50

Pre-Money Valuation

$217,561,914

Rolling Commitments ($USD)

Status

Active

Reporting Date

05/02/2024

Days Remaining

53

% of Min. Goal

615%

% of Max. Goal

1%

Likelihood of Max
unlikely
Avg. Daily Raise

$535

Momentum
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Year Founded

2020

Industry

Healthcare & Pharmaceuticals

Tech Sector

HealthTech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

High

Location

Shaker Heights, Ohio

Business Type

Growth

IdentifySensors Biologics, with a valuation of $217.6 million, is raising funds on PicMii. The company has developed an OTC self-testing device for various illnesses and diseases. IdentifySensors Biologics device Check4 uses electronic nanosensors to measure precise levels of micro-electric currents that pass through viruses and bacteria and differentiate them at the molecular gene level. The test results are available in minutes from a saliva sample, and the tech is both iOS and Android compatible. Gregory Hummer founded IdentifySensors Biologics in June 2020. The current crowdfunding campaign has a minimum target of $9,999 and a maximum target of $5 million. The campaign proceeds will be used for product development, operational costs, marketing and sales, new hires, and working capital.

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-4,384,431

$-3,061,059

Summary Balance Sheet

FY 2022 FY 2021

Cash

$1,470,562

$1,995,851

Accounts Receivable

$0

$0

Total Assets

$3,192,301

$2,157,634

Short-Term Debt

$1,886,215

$979,175

Long-Term Debt

$230,265

$184,290

Total Liabilities

$2,116,480

$1,163,465

Financials as of: 01/08/2024
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
IdentifySensors Biologics 06/24/2024 PicMii $217,561,914 $61,478 Equity - Common Active RegCF
IdentifySensors 04/06/2022 Dalmore Group $212,703,069 $7,136,044 Equity - Common Funded RegA+
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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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IdentifySensors Biologics on PicMii 2024
Platform: PicMii
Security Type: Equity - Common
Valuation: $217,561,914
Price per Share: $4.50

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