Petri Bio

Petri Bio

Early Stage

Next-generation of therapeutics from gut microbes

Next-generation of therapeutics from gut microbes

Overview

Raised to Date: Raised: $165,340

Total Commitments ($USD)

Platform

Wefunder

Start Date

07/28/2020

Close Date

11/29/2020

Min. Goal
$50,000
Max. Goal
$1,070,000
Min. Investment

$100

Security Type

SAFE

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$6,000,000

Discount

0%

Rolling Commitments ($USD)

Status
Funded
Reporting Date

12/05/2020

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$1,333

# of Investors

247

Momentum
Funded
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Year Founded

2019

Industry

Healthcare & Pharmaceuticals

Tech Sector

HealthTech

Distribution Model

B2B

Margin

Low

Capital Intensity

High

Location

Los Angeles, California

Business Type

Growth

Petri Bio, with a $6 million valuation cap, is raising funds on Wefunder. The company mines through under-utilized genetic sequence data and finds sequences that are of potential therapeutic value. The sequences are then screened, and the leading candidates are optimized for maximum effectiveness as pharmaceuticals. Shu Li and Joe Schinaman founded Petri Bio in 2019. The company’s current crowdfunding round has a minimum goal of $50,000 and a maximum goal of $1,070,000. The funds will be used for purchasing reagents, research and product development, lab renting, hiring, patent filing, regulatory consulting, and pre-clinical trial studies. Petri Bio is positioned to mine over 32 terabytes of genomic data for future drugs and is currently working on a patent-pending treatment for COVID-19.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$300

$0

 

 

Net Income

$0

$0

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$43,042

$0

Accounts Receivable

$0

$0

Total Assets

$43,042

$0

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0

Financials as of: 07/28/2020
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Petri Bio on Wefunder
Platform: Wefunder
Security Type: SAFE
Valuation: $6,000,000

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