Lightsense Technology

Lightsense Technology

Early Stage

Patented technology that uses light to detect illicit drugs for law enforcement, pathogens for food safety and medical applications, and disease

Patented technology that uses light to detect illicit drugs for law enforcement, pathogens for food safety and medical applications, and disease

Overview

Raised to Date:
$616,128 - RegCF
$1,879,655 - Total

Total Commitments ($USD)

Platform

SeedInvest

Start Date

10/28/2021

Close Date

01/29/2022

Min. Goal
$25,000
Max. Goal
$1,070,000
Min. Investment

$1,000

Security Type

Equity - Preferred

Series

Seed

SEC Filing Type

RegCF / RegD 506(c)    Open SEC Filing

Price Per Share

$7.09

Pre-Money Valuation

$12,002,080

Rolling Commitments ($USD)

Status
Funded
Reporting Date

01/30/2022

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

$6,697

Momentum
Funded
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Year Founded

2014

Industry

Healthcare & Pharmaceuticals

Tech Sector

HealthTech

Distribution Model

B2B

Margin

High

Capital Intensity

High

Location

Tucson, Arizona

Business Type

Growth

Lightsense Technology, with a valuation of $12 million, is raising funds on SeedInvest. The company has developed a patented technology that uses light to detect illicit drugs, pathogens, and diseases. The spectrometer solutions of Lightsense Technology are based on enhanced photodetection spectroscopy and allow handheld instruments to detect pathogens and drugs in minutes. Lightsense Technology has signed an MOU with a leading technology and engineering company and has many others in discussion. Terje Skotheim founded Lightsense Technology in August 2014. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $1,070,000. The campaign proceeds will be used for research and development, inventory, sales and marketing, patent filings, CAPEX, and general and admin expenses.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$25,949

$0

COGS

$2,040

$0

Tax

$0

$0

 

 

Net Income

$-69,896

$-199,495

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$24,969

$71,367

Accounts Receivable

$16,549

$0

Total Assets

$50,850

$71,367

Short-Term Debt

$517,279

$125,034

Long-Term Debt

$0

$344,832

Total Liabilities

$517,279

$469,866

Financials as of: 10/28/2021
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Lightsense Technology 10/10/2022 StartEngine $18,018,125 $180,362 Equity - Preferred Funded RegCF
Lightsense Technology 01/28/2022 SeedInvest $12,002,080 $1,879,655 Equity - Preferred Funded RegCF / RegD 506(c)
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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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Lightsense Technology on SeedInvest 2021
Platform: SeedInvest
Security Type: Equity - Preferred
Valuation: $12,002,080
Price per Share: $7.09

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