Polaris Quantum Biotech

Polaris Quantum Biotech

Closed: Jul. 2021

About this raise: Polaris Quantum Biotech, with a valuation of $11.5 million, is raising funds on OurCrowd through Reg D 506(c) raise. The company uses the latest innovations in cloud and quantum computing, artificial intelligence, and machine learning to develop new drugs in a fraction of the time and cost of conventional methods. The platform and technology of Polaris Quantum Biotech scan billions of molecules from a large chemical space to find the molecules most suitable for drug development. Dr. Shahar Keinan and Bill Shipman founded Polaris Quantum Biotech in 2020. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $1,630,000. The campaign proceeds will be used for growth and expansion.

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Investment Overview

Funding data not publicly available

Deal Terms

Platform
OurCrowd
Start Date
04/19/2021
Close Date
07/23/2021
Min. Goal
$10,000
Max. Goal
$1,630,000
Min. Investment

$10,000

Security Type

Equity - Common

SEC Filing Type

RegD 506(c)

Pre-Money Valuation

$11,500,000

Company & Team

Company

Year Founded
2020
Industry
Healthcare & Pharmaceuticals
Tech Sector
HealthTech
Location
Durham, North Carolina
Company Website
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Team

Funding data not publicly available

Financials

Financials are not currently available for this company. This may occur if the company is still Testing the Waters, is a Regulation D offering, or if the financials are still under review and being confirmed by our team. For Reg CF and Reg A+ raises, please check back later.

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
10/10/2022 OurCrowd $40,000,000 - Convertible Note Funded RegD 506(c)
07/23/2021 OurCrowd $11,500,000 - Equity - Common Funded RegD 506(c)
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Growth Charts

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Valuation History

Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Employee History

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Polaris Quantum Biotech on OurCrowd 2021
Platform: OurCrowd
Security Type: Equity - Common
Valuation: $11,500,000

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