MicroMGx

Early Stage

Discovery platform to identify hundreds of new compounds

Analytics

Raised to Date: Raised: $19,726

Aggregate Commitments $

Platform

Netcapital

Start Date

09/05/2022

Close Date

01/26/2023

Min. Goal

$10,001

Max. Goal

$1,069,998

Min. Investment

$100

Security Type

Equity - Common

Funding Type

RegCF

Series

Seed

Price Per Share

$2.37

Pre-Money Valuation

$10,976,063

Rolling Commitments $

Status

Active

Reporting Date

12/09/2022

Days Remaining

48

% of Min. Goal

197%

% of Max. Goal

2%

Likelihood of Max
unlikely
Avg. Daily Raise

$208

Momentum
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Location

Chicago, Illinois

Industry

Business Services, Software, & Applications

Tech Sector

Biotech

Distribution Model

B2B

Margin

Medium

Capital Intensity

Low

Business Type

Growth

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.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$523,700

$537,000

COGS

$731,195

$724,353

Tax

$0

$0

 

 

Net Income

$-134,068

$-269,672

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$85,011

$203,237

Accounts Receivable

$0

$0

Total Assets

$208,505

$221,539

Short-Term Debt

$86,000

$0

Long-Term Debt

$160,300

$117,200

Total Liabilities

$246,300

$117,200

Financials as of: 09/05/2022
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MicroMGx on NetCapital 2022
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Platform: Netcapital
Security Type: Equity - Common
Valuation: $10,976,063

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