Labdoor

Growth Stage

Labdoor tests and reviews the purity and accuracy of 1,000+ supplements and CBD

Overview

Raised to Date: Raised: $153,467

Total Commitments ($USD)

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

Series

Series A

Funding Type

RegCF

Valuation Cap

$20,000,000

Discount Rate

20%

Rolling Commitments ($USD)

Status
Funded
Reporting Date

12/31/2022

Days Remaining
Funded
% of Min. Goal

307%

% of Max. Goal

14%

Likelihood of Max
Funded
Avg. Daily Raise

$1,208

# of Investors

256

Momentum
Funded
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Location

San Francisco, California

Industry

Healthcare & Pharmaceuticals

Tech Sector

Foodtech

Distribution Model

B2B/B2C

Margin

High

Capital Intensity

Low

Business Type

Growth

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.

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

Financials as of: 08/11/2022
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Ratings KingsCrowd Startup Rating Methodology Article

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.

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Labdoor on Wefunder 2022
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Platform: Wefunder
Security Type: SAFE
Valuation: $20,000,000

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