Labdoor

Labdoor

Closed: Dec. 2022

About this raise

Labdoor, with a valuation of $20 million, is raising funds on Wefunder. The company provides expert scientific reviews of consumer health products. It tests and reviews the purity and labels accuracy of over 1,000 products, including vitamins, supplements, and CBD. The certifications provided by Labdoor allow companies to compete with competitors on product quality rather than marketing hype. Neil Thanedar, Rafael Ferreira, and Helton Souza founded Labdoor in April 2012. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1,070,000. The campaign proceeds will be used for hiring a salesperson, hiring a researcher, marketing, research and development, and general and administrative costs.

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Investment Overview

Invested this round: $153,467

Deal Terms

Total Commitments

Platform
Wefunder
Start Date
08/11/2022
Close Date
12/16/2022
Min. Goal
$50,000
Max Goal
$1,070,000
Min. Investment

$100

Security Type

SAFE

Company Stage

Growth Stage

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$20,000,000

Discount

20%

Company & Team

Company

Year Founded
2012
Industry
Healthcare & Pharmaceuticals
Tech Sector
Foodtech
Distribution Model
B2B/B2C
Margin
High
Capital Intensity
Low
Location
San Francisco, California
Business Type
Growth
Company Website
Visit Website

Team

Employees
7
Prior Founder Exits?
No
Founder Name
Neil Thanedar
Title
Chairman
Founder Name
Rafael Ferreira
Title
CEO
Founder Name
Helton Souza
Title
CTO

Financials

 Revenue -13% YoY
$412,034
 Monthly Burn
$5,507
 Runway
1.6 months
 Gross Margin
82%

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$412,034

$473,156

COGS

$74,683

$41,360

Tax

$0

$0

 

 

Net Income

$-66,084

$134,457

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$8,661

$104,704

Accounts Receivable

$0

$0

Total Assets

$11,773

$107,523

Short-Term Debt

$46,962

$55,362

Long-Term Debt

$596,629

$617,895

Total Liabilities

$643,591

$673,257

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Analyst Report Analyst Report Methodology Article

Like many Americans, I take a variety of supplements daily to stay healthy. I was a college athlete and fitness is still a major part of my life. I take a multivitamin, supplements that my doctor recommends, proteins after my workouts, and occasionally other pre-workout supplements. And I'm careful about the products I choose. I turn to user reviews and trusted nutritionist bloggers to pick which brands are best for my goals and my body. But aside from the education and certifications bloggers may hold, there is next to no scientific backing going into my decisions as a consumer. Given their popularity, it's surprising that the U.S. Food and Drug Administration (FDA) does not approve dietary supplements. In fact, companies “often introduce a dietary supplement to the market without notifying the FDA,” and regulation often can’t actually begin until the product hits the market.

Labdoor is trying to fill this need by independently testing and certifying supplements, vitamins, protein, and cannabidiol (CBD) products for label accuracy and purity.

Company Funding & Growth

Funding history

Total Prior Capital Raised
$6,750,000
VC Backed?
Yes
Close Date Platform Valuation Total Raised Security Type Status Reg Type
12/16/2022 Wefunder $20,000,000 $153,467 SAFE Funded RegCF
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Add to portfolio
Labdoor on Wefunder 2022
Platform: Wefunder
Security Type: SAFE
Valuation: $20,000,000

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Warning: according to the close date for this deal, Labdoor may no longer be accepting investments.

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