SOMOS

Early Stage

Crowdsourcing the Latino Genome to accelerate drug discovery

Analytics

Raised to Date: Raised: $31,634

Aggregate Commitments $

Platform

Republic

Start Date

06/08/2022

Close Date

10/09/2022

Min. Goal

$25,000

Max. Goal

$1,070,000

Min. Investment

$100

Security Type

SAFE

Funding Type

RegCF

Series

Seed

Valuation Cap

$20,000,000

Discount Rate

0%

Rolling Commitments $

Status

Active

Reporting Date

06/25/2022

Days Remaining

106

% of Min. Goal

127%

% of Max. Goal

3%

Likelihood of Max
unlikely
Avg. Daily Raise

$1,861

Momentum
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Location

San Francisco, California

Industry

Healthcare & Pharmaceuticals

Tech Sector

HealthTech

Distribution Model

B2C

Margin

High

Capital Intensity

Low

Business Type

Growth

SOMOS, with a valuation of $20 million, is raising funds on Republic. The company is building the largest decentralized Pan-American biobank to accelerate drug discovery. The biobank, called Familia, is being built through unique datasets and ancestral DNA sequencing. The data bank of underrepresented groups, including Latinos, Hispanics, and Native Americans, will help improve clinical research, improve prediction capacity for disease risk scores, and provide improved DNA services to minorities. Christian Rodriguez and Federico von Son de Fernex founded SOMOS in July 2020. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $1,070,000. The campaign proceeds will be used to add more users, collect more blood samples, and increase revenue.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$196,306

$30,890

COGS

$25,441

$2,083

Tax

$0

$0

 

 

Net Income

$-40,956

$14,986

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$498,755

$15,195

Accounts Receivable

$0

$1,328

Total Assets

$498,755

$16,523

Short-Term Debt

$421,368

$1,537

Long-Term Debt

$0

$0

Total Liabilities

$421,368

$1,537

Financials as of: 06/08/2022
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SOMOS on Republic 2022
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Platform: Republic
Security Type: SAFE
Valuation: $20,000,000

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