Sarcomatrix Therapeutics

Sarcomatrix Therapeutics

Sarcomatrix Therapeutics, with a valuation of $14.3 million, is raising funds on PicMii. The company is working to unveil novel therapeutics for the treatment of Duchenne Muscular Dystrophy. Sarcomatrix Therapeutics aims to target the root causes of neuromuscular disorders and is gearing up for first-in-human clinical trials for its products S-969 and LAM-111. The business works on a partnership-based business model and will outsource clinical trials and manufacturing to renowned partners in the field. David Craig, David Alan Maine, Dean Burkin, and Ryan Wuebbles founded Sarcomatrix Therapeutics in May 2022. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $1.2 million. The campaign proceeds will be used for research and development, inventory, company employment, and working capital.

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Investment Overview

Raised this Round: Raised: $500

Deal Terms

Total Commitments ($USD)

Platform
PicMii
Start Date
10/29/2024
Close Date
01/31/2025
Min. Goal
$10,000
Max. Goal
$1,175,000
Min. Investment

$500

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$2.50

Pre-Money Valuation

$13,125,000

Company & Team

Company

Year Founded
2022
Industry
Healthcare & Pharmaceuticals
Tech Sector
HealthTech
Distribution Model
B2B2C
Margin
Medium
Capital Intensity
High
Location
Reno, Nevada
Business Type
Growth
Company Website
Visit Website

Team

Employees
5
Prior Founder Exits?
No
Founder Name
David Craig
Title
Chief Executive Officer & President

Financials

as of February 29, 2024
 Revenue
$0
 Monthly Burn
$8,000
 Runway
4.6 months

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-103,375

$0

Summary Balance Sheet

FY 2023 FY 2022

Cash

$36,803

$0

Accounts Receivable

$0

$0

Total Assets

$36,803

$0

Short-Term Debt

$18,894

$0

Long-Term Debt

$113,330

$0

Total Liabilities

$132,224

$0

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$177,875
Grants
$8,000,000
VC Backed?
No
Offering Name Close Date Platform Valuation Total Raised Security Type Status Reg Type
Sarcomatrix Therapeutics 01/31/2025 PicMii $13,125,000 $500 Equity - Common Active RegCF
Sarcomatrix 07/29/2024 StartEngine $14,250,000 $52,275 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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Sarcomatrix Therapeutics on PicMii 2024
Platform: PicMii
Security Type: Equity - Common
Valuation: $13,125,000
Price per Share: $2.50

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