SelfDecode

SelfDecode

Growth Stage

AI platform that provides personalized health recommendations based on DNA, labs and environment.

AI platform that provides personalized health recommendations based on DNA, labs and environment.

Overview

Raised this Round: Raised: $341,985

Total Commitments ($USD)

Platform

Wefunder

Start Date

09/14/2022

Close Date

04/30/2023

Min. Goal
$50,001
Max. Goal
$4,455,119
Min. Investment

$100

Security Type

Equity - Preferred

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$2.84

Early Bird Valuation

$49,989,439

Pre-Money Valuation

$52,498,168

Year Founded

2019

Industry

Healthcare & Pharmaceuticals

Tech Sector

HealthTech

Distribution Model

B2B/B2C

Margin

High

Capital Intensity

Low

Location

Los Angeles, California

Business Type

Growth

SelfDecode, with a valuation of $52.5 million, is raising funds on Wefunder. The company has developed an AI-based platform that analyses DNA, labs, and the environment to provide personalized health recommendations. The SelfDecode platform gives targeted supplement, diet, and lifestyle recommendations to the users. The platform has a predictable revenue stream from the subscription sales model and generated $2.7 million in revenue in 2021. Joseph Cohen founded SelfDecode in April 2019. The current crowdfunding campaign has a minimum target of $50,001 and a maximum target of $4,455,119. The campaign proceeds will be used to create a sales and business development team, create pharmacogenetics tools, and submit patents demonstrating the technology.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$2,645,709

$1,985,176

COGS

$427,791

$201,536

Tax

$-2,349

$-3,813

 

 

Net Income

$-2,400,488

$-151,435

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$5,803,097

$348,348

Accounts Receivable

$0

$0

Total Assets

$5,811,133

$349,340

Short-Term Debt

$43,869

$466,543

Long-Term Debt

$0

$0

Total Liabilities

$43,869

$466,543

Financials as of: 09/14/2022
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
SelfDecode 04/29/2023 Wefunder $52,498,168 $341,985 Equity - Preferred Funded RegCF
SelfDecode 04/29/2022 Wefunder $34,948,219 $1,036,802 Equity - Preferred Funded RegCF
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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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SelfDecode on Wefunder 2022
Platform: Wefunder
Security Type: Equity - Preferred
Valuation: $52,498,168
Price per Share: $2.84

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

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