Radiolife
About this raise
Radiolife, with a valuation of $14 million, is raising funds on Wefunder. The company is building a fire alarm for pandemics based on its proprietary technology. The device is called Cube Scan and uses radio frequency combined with AI to diagnose diseases more accurately and faster than any other available solution. The technology is being used to detect the SARS-CoV-2 virus in swabs or saliva samples in less than 20 seconds without the use of additional equipment or reagents. Sergio Ribeiro and William Dias founded Radiolife in January 2021. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $107,000. The campaign proceeds will be used for R&D, clinical trials, IP protection, manufacturing, and expansion.
Investment Overview
Not Funded: $47,123
Deal Terms
Total Commitments
- Platform
- Wefunder
- Start Date
- 09/08/2022
- Close Date
- 04/30/2023
$50,000
$107,000
$100
SAFE
Early Stage
RegCF
$12,000,000
$14,000,000
15%
Company & Team
Company
- Year Founded
- 2021
- Industry
- Healthcare & Pharmaceuticals
- Tech Sector
- Distribution Model
- B2B
- Margin
- Medium
- Capital Intensity
- High
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $0
- VC Backed?
- No
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 04/30/2023 | Wefunder | $14,000,000 | $47,123 | SAFE | Not Funded | RegCF |