SampleServe

[Closed for Investment] SampleServe, with a valuation of $7.2 million, is raising funds on StartEngine. It is a user-friendly platform for simplified environmental sample collection and project management. The platform automates routine activities and improves communication between technicians, managers, and labs. SampleServe offers the project management tool, field app, and lab app for free but generates revenue from its report generator. It has been awarded two patents on its digital chain of custody. A. Russell Schindler founded SampleServe in November 2018. The current crowdfunding campaign has a minimum target of $9,999.24 and a maximum target of $1.2 million. The campaign proceeds will be used for sales and marketing, software development expenses, and general and administrative expenses.

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Investment Overview

Raised this Round: Raised: $25,246

Deal Terms

Total Commitments ($USD)

Platform
StartEngine
Start Date
01/19/2023
Close Date
03/20/2023
Min. Goal
$9,999
Max. Goal
$1,199,999
Min. Investment

$249

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$1.03

Pre-Money Valuation

$7,203,404

Company & Team

Company

Year Founded
2018
Industry
Business Services, Software, & Applications
Tech Sector
AutomationTech
Distribution Model
B2B
Margin
Medium
Capital Intensity
Low
Location
Traverse City, Michigan
Business Type
Growth
Company Website
Visit Website

Team

Employees
5
Prior Founder Exits?
No
Founder Name
Russell Schindler

Financials

as of Fiscal Year 2021
 Revenue -22% YoY
$184,694
 Monthly Burn
$28,755
 Runway
0.1 months

Summary Profit and Loss Statement

FY 2021 FY 2020

Revenue

$184,694

$237,544

COGS

$0

$14,161

Tax

$0

$0

 

 

Net Income

$-345,064

$-646,699

Summary Balance Sheet

FY 2021 FY 2020

Cash

$2,118

$16,417

Accounts Receivable

$6,813

$8,722

Total Assets

$3,373,569

$5,703,583

Short-Term Debt

$232,510

$408,405

Long-Term Debt

$0

$0

Total Liabilities

$232,510

$408,405

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$2,891,045
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
03/20/2023 StartEngine $7,203,404 $25,246 Equity - Common Funded RegCF
04/30/2021 Netcapital $7,022,431 $142,228 Equity - Common Funded RegCF
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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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SampleServe on StartEngine 2023
Platform: StartEngine
Security Type: Equity - Common
Valuation: $7,203,404
Price per Share: $1.03

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Warning: according to the close date for this deal, SampleServe may no longer be accepting investments.

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