StrandSmart
About this raise
StrandSmart, with a valuation of $18.04 million, is raising funds on StartEngine. The company is developing a liquid biopsy test to identify the biological drivers of a tumor. The test also enables precision medicine that allows better matching of the right drug to the individual patient. StrandSmart enables physicians to extract cancer mutations from blood and augment the information by adding transcriptomic and proteomic data. The technology is currently in the pre-revenue stage, and the company is working with academics and pharma companies to validate the technology. Adrianna Davies founded StrandSmart in September 2017. The current crowdfunding campaign has a minimum target of $9,998.10 and a maximum target of $1.23 million. The campaign proceeds will be used for research and development and operations.
Investment Overview
Invested : $35,873
Deal Terms
Total Commitments
- Platform
- StartEngine
- Start Date
- 01/18/2023
- Close Date
- 03/20/2023
$9,998
$1,234,995
$497
Equity - Common
Growth Stage
RegCF
$4.14
$18,040,050
Company & Team
Company
- Year Founded
- 2017
- Industry
- Healthcare & Pharmaceuticals
- Tech Sector
- Distribution Model
- B2B
- Margin
- Medium
- Capital Intensity
- High
Financials
-
Revenue
-
$0
as of FY2021
- Monthly Burn
-
$98,643
as of FY2021
-
Runway
-
1.7 months
as of FY2021
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $5,981,700
- VC Backed?
- No
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 03/20/2023 | StartEngine | $18,040,050 | $35,873 | Equity - Common | Funded | RegCF |