Pace Diagnostics

Pace Diagnostics

Early Stage

Revolutionary point-of-care, affordable early detection Lung cancer and Tuberculosis diagnostics

Revolutionary point-of-care, affordable early detection Lung cancer and Tuberculosis diagnostics

Overview

Raised this Round: Raised: $143,140

Total Commitments ($USD)

Platform

Wefunder

Start Date

12/02/2021

Close Date

12/30/2022

Min. Goal
$50,000
Max. Goal
$250,000
Min. Investment

$200

Security Type

SAFE

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Early Bird Val. Cap

$18,000,000

Valuation Cap

$20,000,000

Discount

20%

Year Founded

2017

Industry

Healthcare & Pharmaceuticals

Tech Sector

Biotech

Distribution Model

B2B2C

Margin

Medium

Capital Intensity

High

Location

Monrovia, California

Business Type

Growth

Pace Diagnostics, with a valuation of $20 million, is raising funds on Wefunder. The diagnostics company provides quick, affordable, and accurate tests for lung cancer and tuberculosis. The point-of-care diagnostics of Pace Diagnostics will help save millions of lives through quick screening and preventative healthcare. Pace Diagnostics has won grants from the US DoD, NIH, and NSF and also aims to distribute its product in EU countries. Marianne Nguyen, Lorne Mattner, Hiep Hoa Nguyen, Sanjay Jayachandran, and Victoria Nguyen founded Pace Diagnostics in September 2017. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $250,000. The campaign proceeds will be used for advertisement and promotions, manufacturing, marketing, hiring, and research development.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-437,662

$-976,888

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$52,368

$58,267

Accounts Receivable

$6

$353

Total Assets

$508,730

$536,496

Short-Term Debt

$626,418

$216,578

Long-Term Debt

$0

$0

Total Liabilities

$626,418

$216,578

Financials as of: 12/02/2021
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Pace Diagnostics on Wefunder 2021
Platform: Wefunder
Security Type: SAFE
Valuation: $20,000,000

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