BrainScanology

BrainScanology

Early Stage

An objective diagnosis & risk score for common brain diseases delivered in 24hr

An objective diagnosis & risk score for common brain diseases delivered in 24hr

Overview

Raised to Date: Raised: $164,965

Total Commitments ($USD)

Platform

Wefunder

Start Date

12/17/2020

Close Date

08/31/2021

Min. Goal
$50,000
Max. Goal
$1,070,000
Min. Investment

$100

Security Type

SAFE

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$20,000,000

Discount

30%

Rolling Commitments ($USD)

Status
Funded
Reporting Date

09/04/2021

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$644

# of Investors

184

Momentum
Funded
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Year Founded

2020

Industry

Healthcare & Pharmaceuticals

Tech Sector

HealthTech

Distribution Model

B2B2C

Margin

Medium

Capital Intensity

Low

Location

Cupertino, California

Business Type

Growth

Company Website

BrainScanology, with a $20 million valuation cap, is raising crowdfunding on Wefunder. The company has developed the technology to study MRI scans of the brain to track the risk of developing bipolar disorder, ADHD, dementia, or Alzheimer’s disease. The technology uses the Linearised Compressed Polar Coordinates (LCPC) transform to track the risks. Harini Kumar and Dave Nguyen founded BrainScanology in August 2020. The proceeds of the current crowdfunding round, with a minimum goal of $50,000 and a maximum goal of $107,000, will be used for marketing, legal and patent fees, and salaries. BrainScanology’s technology is expected to help detect diseases early and save many lives. The LCPC algorithm is a game-changer in MRI analysis.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$0

$0

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$0

$0

Accounts Receivable

$0

$0

Total Assets

$0

$0

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0
Financials as of: 12/17/2020
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
BrainScanology 12/29/2022 Wefunder $20,000,000 $88,750 SAFE Funded RegCF
BrainScanology 08/30/2021 Wefunder $20,000,000 $164,965 SAFE Funded RegCF
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Price per Share History

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

Valuation History

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.

Employee History

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BrainScanology on Wefunder
Platform: Wefunder
Security Type: SAFE
Valuation: $20,000,000

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Warning: according to the close date for this deal, BrainScanology may no longer be accepting investments.

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