StrandSmart

Growth Stage

Next generation, cell-based liquid biopsy

Overview

Raised to Date: Raised: $21,587

Total Commitments ($USD)

Platform

StartEngine

Start Date

01/18/2023

Close Date

03/20/2023

Min. Goal

$9,998

Max. Goal

$1,234,995

Min. Investment

$497

Security Type

Equity - Common

Series

Seed

Funding Type

RegCF

Price Per Share

$4.14

Pre-Money Valuation

$18,040,050

Rolling Commitments ($USD)

Status

Active

Reporting Date

02/02/2023

Days Remaining

46

% of Min. Goal

216%

% of Max. Goal

2%

Likelihood of Max
unlikely
Avg. Daily Raise

$1,439

# of Investors

17

Momentum
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Location

San Diego, California

Industry

Healthcare & Pharmaceuticals

Tech Sector

HealthTech

Distribution Model

B2B

Margin

Medium

Capital Intensity

High

Business Type

Growth

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.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-1,183,711

$-1,204,291

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$164,677

$506,897

Accounts Receivable

$0

$0

Total Assets

$182,683

$522,007

Short-Term Debt

$167,939

$400,513

Long-Term Debt

$5,498,437

$4,425,437

Total Liabilities

$5,666,376

$4,825,950

Financials as of: 01/18/2023
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StrandSmart on StartEngine 2023
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Platform: StartEngine
Security Type: Equity - Common
Valuation: $18,040,050

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