SnapDNA

SnapDNA

Early Stage

Disruptive food-safety biotech saving the global food supply chain

Disruptive food-safety biotech saving the global food supply chain

Overview

Raised to Date: Raised: $282,384

Total Commitments ($USD)

Platform

Republic

Start Date

06/20/2023

Close Date

09/05/2023

Min. Goal
$25,000
Max. Goal
$618,000
Min. Investment

$150

Security Type

SAFE

Series

Series A

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$40,000,000

Discount

0%

Rolling Commitments ($USD)

Status
Funded
Reporting Date

09/29/2023

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$3,716

# of Investors

408

Momentum
Funded
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Year Founded

2011

Industry

Food, Beverage, & Restaurants

Tech Sector

Foodtech

Distribution Model

B2B

Margin

Medium

Capital Intensity

High

Location

Mountain View, California

Business Type

Growth

SnapDNA, with a valuation of $40 million, is raising funds on Republic. It is a food safety biotech company working on rapid food testing. SnapDNA has the first self-contained, on-site analysis designed to replace all food pathogen lab tests. The time for a food pathogen test has been reduced from 3-7 days to about one hour, and hundreds of samples can be analyzed per day for predictive analytics to help prevent outbreaks. David Medin, Tom Jacobs, and Veronica De Guzman founded SnapDNA in April 2011. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $618,000. The campaign proceeds will be used for customer acquisition, product certifications, contractors and staff, and overhead expenses.

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$1,023,712

$1,009,921

Summary Balance Sheet

FY 2022 FY 2021

Cash

$62,530

$593,255

Accounts Receivable

$0

$0

Total Assets

$334,688

$652,292

Short-Term Debt

$5,374,553

$5,061,782

Long-Term Debt

$1,743,147

$1,349,934

Total Liabilities

$7,117,700

$6,411,716

Financials as of: 06/20/2023
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
SnapDNA 09/04/2023 Republic $40,000,000 $282,384 SAFE Funded RegCF
SnapDNA 04/26/2021 Republic $28,000,000 $1,070,000 SAFE Funded RegCF
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Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Valuation History

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.

Employee History

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SnapDNA on Republic 2023
Platform: Republic
Security Type: SAFE
Valuation: $40,000,000

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