TrippBio

TrippBio, with a valuation of $24.82 million, is raising funds on StartEngine. The company is discovering, developing, and commercializing innovative antiviral treatments. TrippBio’s anticipated flagship drug, PanCytoVir, aims to target viral pathogens with high efficiency and low risk, and has completed Phase 2 clinical trials. The company is led by an experienced team and is focused on discovering the treatment for emerging respiratory diseases. William Meadow and Dr. David E. Martin founded TrippBio in May 2020. The current crowdfunding campaign has a minimum target of $14,999.88 and a maximum target of $617,999.76. The campaign proceeds will be used for research and development, marketing, company employment, and intellectual property development.

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Investment Overview

Raised this Round: Raised: $5,554

Deal Terms

Total Commitments ($USD)

Platform
StartEngine
Start Date
11/14/2024
Close Date
02/11/2025
Min. Goal
$15,000
Max. Goal
$618,000
Min. Investment

$250

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$0.42

Pre-Money Valuation

$24,820,583

Company & Team

Company

Year Founded
2020
Industry
Healthcare & Pharmaceuticals
Tech Sector
HealthTech
Distribution Model
B2B2C
Margin
Medium
Capital Intensity
High
Location
Jacksonville, Florida
Business Type
Growth
Company Website
Visit Website

Team

Employees
18
Prior Founder Exits?
No
Founder Name
David Martin
Title
CEO
Founder Name
Billy Meadow
Title
Chairman

Financials

as of September 8, 2024
 Revenue
$0
 Monthly Burn
$2,500
 Runway
0.4 months

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-1,377,605

$-1,587,708

Summary Balance Sheet

FY 2023 FY 2022

Cash

$337

$11,613

Accounts Receivable

$0

$0

Total Assets

$337

$11,613

Short-Term Debt

$2,895,062

$2,192,532

Long-Term Debt

$0

$0

Total Liabilities

$2,895,062

$2,192,532

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$1,395,744
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
02/11/2025 StartEngine $24,820,583 $5,554 Equity - Common Active RegCF
01/29/2021 Netcapital $5,255,840 $185,796 Equity - Common Funded RegCF / RegD 506(c)
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Growth Charts

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Valuation History

Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Employee History

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TrippBio on StartEngine 2024
Platform: StartEngine
Security Type: Equity - Common
Valuation: $24,820,583
Price per Share: $0.42

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Follow TrippBio on StartEngine 2024

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