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: Raised: $180,362

Total Commitments ($USD)

Platform

StartEngine

Start Date

07/11/2022

Close Date

10/10/2022

Min. Goal
$10,001
Max. Goal
$2,000,007
Min. Investment

$351

Security Type

Equity - Preferred

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$8.57

Pre-Money Valuation

$18,018,125

Rolling Commitments ($USD)

Status
Funded
Reporting Date

10/30/2022

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

$1,982

# of Investors

57

Momentum
Funded
Create a free account today to gain access to KingsCrowd analytics.
Year Founded

2014

Industry

Healthcare & Pharmaceuticals

Tech Sector

HealthTech

Distribution Model

B2B

Margin

Medium

Capital Intensity

High

Location

Tucson, Arizona

Business Type

Growth

Lightsense Technology, with a valuation of $18 million, is raising funds on StartEngine. 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 $9,991.08 and a maximum target of $2,000,006.61. The campaign proceeds will be used for partnerships and revenue growth.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$88,747

$25,949

COGS

$1,040

$2,040

Tax

$0

$0

 

 

Net Income

$-342,094

$-69,896

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$803,310

$24,969

Accounts Receivable

$0

$16,549

Total Assets

$910,771

$50,850

Short-Term Debt

$0

$0

Long-Term Debt

$569,382

$514,131

Total Liabilities

$569,382

$514,131

Financials as of: 07/11/2022
Create a free account today to gain access to KingsCrowd analytics.

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)
Create a free account today to gain access to KingsCrowd analytics.

Upgrade to gain access

Pay Monthly
Annually (Save 17%)

Edge

$25 /month
billed annually
Free portfolio tracking, data-driven ratings, AI analysis and reports
Plan Includes:
Everything in Free, plus
Company specific KingsCrowd ratings and analyst reports
Deal explorer and side-by-side comparison
Startup exit and failure tracking
Startup market filters and historical industry data
Advanced company search ( with ratings)
Get Edge Annual
Already a member? Log in here.

Ratings KingsCrowd Startup Rating Methodology Article

Blurred Ratings Bars Blurred Ratings Bars
Founders: enhance your startup's credibility on KingsCrowd. Create an account to claim this raise page.

Create your first portfolio

Create your own startup investment portfolio on KingsCrowd.

Track all of your startup investments in one place using our state-of-the-art portfolio tracker tools. To begin, create your first portfolio below.

Add to portfolio
Lightsense Technology on StartEngine 2022
Platform: StartEngine
Security Type: Equity - Preferred
Valuation: $18,018,125
Price per Share: $8.57

Follow company

Follow Lightsense Technology on StartEngine 2022

Buy Lightsense Technology's Deal Report

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

Lightsense Technology Deal Report

Get KingsCrowd’s comprehensive report on Lightsense Technology including:

  • How our proprietary algorithm rates their current capital raise (1-5 stars)
  • Detailed price, market, team, differentiators, performance, and risk ratings
  • Whether Lightsense Technology is undervalued or overvalued
  • Scores on the founding team and key personnel's background and expertise

Buy the Lightsense Technology deal report for only $10!

Email address:
Looking to buy more than one deal report? Get unlimited reports by upgrading to Edge