Lodestone Biomedical

Lodestone Biomedical

Lodestone Biomedical, with a valuation of $12.49 million, is raising funds on StartEngine. The company makes implantable biosensors that allow cancer researchers to monitor real-time changes in tumors. Lodestone Biomedical’s technology enables researchers to make faster and more data-driven decisions and accelerates drug discovery. The company has a strong potential and has generated $2.61 million in revenue from NIH and CRI-funded projects with Dartmouth and Yale. Solomon Diamond founded Lodestone Biomedical in June 2015. The current crowdfunding campaign has a minimum target of $123,998.91 and a maximum target of $1.23 million. The campaign proceeds will be used for research and development, inventory, company employment, and working capital.

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Investment Overview

Raised this Round: Raised: $55,263

Deal Terms

Total Commitments ($USD)

Platform
StartEngine
Start Date
11/18/2024
Close Date
02/18/2025
Min. Goal
$123,999
Max. Goal
$1,235,000
Min. Investment

$101

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$1.47

Pre-Money Valuation

$12,495,000

Company & Team

Company

Year Founded
2015
Industry
Healthcare & Pharmaceuticals
Tech Sector
HealthTech
Distribution Model
B2B
Margin
Medium
Capital Intensity
High
Location
Lebanon, New Hampshire
Business Type
Growth
Company Website
Visit Website

Team

Employees
5
Prior Founder Exits?
No
Founder Name
Solomon Diamond
Title
CEO

Financials

as of November 29, 2024
 Revenue +103% YoY
$957,211
 Monthly Burn
$60,000
 Runway
7.2 months

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$957,211

$472,056

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-59,274

$-178,761

Summary Balance Sheet

FY 2023 FY 2022

Cash

$251,910

$273,369

Accounts Receivable

$223,878

$244,278

Total Assets

$555,177

$619,603

Short-Term Debt

$20,941

$50,692

Long-Term Debt

$1,848,928

$1,787,660

Total Liabilities

$1,869,869

$1,838,352

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$550,000
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
02/18/2025 StartEngine $12,495,000 $55,263 Equity - Common Active RegCF
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Add to portfolio
Lodestone Biomedical on StartEngine 2024
Platform: StartEngine
Security Type: Equity - Common
Valuation: $12,495,000
Price per Share: $1.47

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Follow Lodestone Biomedical on StartEngine 2024

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