SnapDNA
Early Stage
Disruptive food-safety biotech saving the global food supply chain
Overview
Raised: $282,384
Total Commitments ($USD)
Platform
Republic
Start Date
06/21/2023
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
Valuation Cap
$40,000,000
Discount
0%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
09/24/2023
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
Create a free account today to gain access to KingsCrowd analytics.
Year Founded
2011
Industry
Food, Beverage, & Restaurants
Tech Sector
Foodtech
Distribution Model
B2B
Margin
Medium
Capital Intensity
High
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: 06/21/2023
Create a free account today to gain access to KingsCrowd analytics.
Create a free account today to gain access to KingsCrowd analytics.
Upgrade to gain access
Pay Monthly
Annually (Save 17%)
-
$25 /month
billed annually - Free portfolio tracking, data-driven ratings, AI analysis and reports
- Plan Includes:
- Everything in Free, plus
- Company specific
KingsCrowd ratings and analyst reports
- Deal explorer and side-by-side comparison
- Startup exit and failure tracking
- Startup market filters and historical industry data
- Advanced company search ( with ratings)
- Get Edge Annual
Edge
Already a member? Log in here.
Ratings 
Founders: enhance your startup's credibility on KingsCrowd. Create an account to claim this raise page.