Pace Diagnostics
Early Stage
Revolutionary point-of-care, affordable early detection Lung cancer and Tuberculosis diagnostics
Overview
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
Early Bird Val. Cap
$18,000,000
Valuation Cap
$20,000,000
Discount
20%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
12/31/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$365
# of Investors
125
Momentum
Funded
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Year Founded
2017
Industry
Healthcare & Pharmaceuticals
Tech Sector
Biotech
Distribution Model
B2B2C
Margin
Medium
Capital Intensity
High
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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