TAXA Biotechnologies

TAXA Biotechnologies

Early Stage

Bio-engineering for the home, starting with a glowing plant

Bio-engineering for the home, starting with a glowing plant

Overview

Raised to Date: Raised: $309,807

Platform

Wefunder

Start Date

05/15/2016

Close Date

08/08/2016

Min. Goal
$200,000
Max. Goal
$1,000,000
Min. Investment

$100

Security Type

SAFE

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$7,000,000

Discount

0%

Year Founded

2012

Industry

Consumer Products, Goods & Services

Tech Sector

Biotech

Location

San Francisco, California

TAXA Biotechnologies, with a valuation of $7 million, is raising funds on Wefunder. The company enables faster, cheaper, and better genetic engineering of plants. TAXA Biotechnologies develops its own engineered plants and offers its platform as a service to other companies as well. The business has over $600,000 in pre-orders for its Glowing Plant, the lowest-cost genetically-engineered plant ever sold commercially. Antony Evans founded TAXA Biotechnologies in March 2012. The current crowdfunding campaign has a minimum target of $200,000 and a maximum target of $1 million. The campaign proceeds will be used to continue research and development, bring new products to the market, and launch the marketing campaign.

Summary Profit and Loss Statement

FY 2015 FY 2014

Revenue

$5,694

$1,115

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-298,573

$-361,237

Summary Balance Sheet

FY 2015 FY 2014

Cash

$193,376

$432,140

Accounts Receivable

$-1,097

$0

Total Assets

$230,909

$441,532

Short-Term Debt

$589,120

$569,251

Long-Term Debt

$230,909

$441,532

Total Liabilities

$820,029

$1,010,783

Financials as of: 05/15/2016
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TAXA Biotechnologies on Wefunder 2016
Platform: Wefunder
Security Type: SAFE
Valuation: $7,000,000

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