Radiolife

Radiolife

Early Stage

We are building the fire alarm for pandemics with our RF + AI technology

We are building the fire alarm for pandemics with our RF + AI technology

Overview

Raised to Date: Raised: $47,123

Total Commitments ($USD)

Platform

Wefunder

Start Date

09/07/2022

Close Date

04/30/2023

Min. Goal
$50,000
Max. Goal
$107,000
Min. Investment

$100

Security Type

SAFE

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Early Bird Val. Cap

$12,000,000

Valuation Cap

$14,000,000

Discount

15%

Rolling Commitments ($USD)

Status
Not Funded
Reporting Date

04/30/2023

Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise

$201

# of Investors

21

Momentum
Not Funded
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Year Founded

2021

Industry

Healthcare & Pharmaceuticals

Tech Sector

HealthTech

Distribution Model

B2B

Margin

Medium

Capital Intensity

High

Location

Wilmington, Delaware

Business Type

Growth

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.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$3,200

$0

COGS

$3,873

$0

Tax

$0

$0

 

 

Net Income

$-105,434

$0

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$1,384

$0

Accounts Receivable

$501

$0

Total Assets

$146,675

$0

Short-Term Debt

$15,857

$0

Long-Term Debt

$236,252

$0

Total Liabilities

$252,109

$0

Financials as of: 09/07/2022
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Radiolife on Wefunder 2022
Platform: Wefunder
Security Type: SAFE
Valuation: $14,000,000

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