MicroMGx
About this raise
MicroMGx, with a valuation of $10.9 million, is raising funds on NetCapital. The company has developed a discovery platform that helps in discovering new chemistry and compounds produced by microbes. The newly discovered compounds can be used by life sciences companies to make economically-valuable and environment-friendly products for agriculture, pharmaceuticals, and other industries. MicroMGx has discovered new molecules for clients in the agriculture and animal health industries and has a self-built library of over 2,500 isolated microbial strains. William Metcalf, Neil L. Kelleher, and Regan Thomson founded MicroMGx in July 2015. The current crowdfunding campaign has a minimum target of $10,001 and a maximum target of $1,069,998. The campaign proceeds will be used for compensation, platform costs, testing MGX 1001, rent, structure isolation, and additional equipment.
Investment Overview
Invested $124,508 :
Deal Terms
Company & Team
Company
- Year Founded
- 2015
- Industry
- Business Services, Software, & Applications
- Tech Sector
- Distribution Model
- B2B
- Margin
- Medium
- Capital Intensity
- Low
Financials
- Revenue -2.5% YoY
- $523,700
- Monthly Burn
- $11,172
-
Runway
- 7.6 months
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $400,000
- VC Backed?
- No
Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
---|---|---|---|---|---|---|
04/21/2023 | Netcapital | $10,976,063 | $124,508 | Equity - Common | Funded | RegCF |