Lightsense Technology

Lightsense Technology

Early Stage

Patented technology that uses light to detect illicit drugs for law enforcement, pathogens for food safety and medical applications, and disease

Patented technology that uses light to detect illicit drugs for law enforcement, pathogens for food safety and medical applications, and disease

Overview

Raised to Date: Raised: $180,362

Total Commitments ($USD)

Platform

StartEngine

Start Date

07/11/2022

Close Date

10/11/2022

Min. Goal
$10,001
Max. Goal
$2,000,007
Min. Investment

$351

Security Type

Equity - Preferred

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$8.57

Pre-Money Valuation

$18,018,125

Rolling Commitments ($USD)

Status
Funded
Reporting Date

10/30/2022

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

$1,982

# of Investors

57

Momentum
Funded
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Year Founded

2014

Industry

Healthcare & Pharmaceuticals

Tech Sector

HealthTech

Distribution Model

B2B

Margin

Medium

Capital Intensity

High

Location

Tucson, Arizona

Business Type

Growth

Lightsense Technology, with a valuation of $18 million, is raising funds on StartEngine. The company has developed a patented technology that uses light to detect illicit drugs, pathogens, and diseases. The spectrometer solutions of Lightsense Technology are based on enhanced photodetection spectroscopy and allow handheld instruments to detect pathogens and drugs in minutes. Lightsense Technology has signed an MOU with a leading technology and engineering company and has many others in discussion. Terje Skotheim founded Lightsense Technology in August 2014. The current crowdfunding campaign has a minimum target of $9,991.08 and a maximum target of $2,000,006.61. The campaign proceeds will be used for partnerships and revenue growth.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$88,747

$25,949

COGS

$1,040

$2,040

Tax

$0

$0

 

 

Net Income

$-342,094

$-69,896

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$803,310

$24,969

Accounts Receivable

$0

$16,549

Total Assets

$910,771

$50,850

Short-Term Debt

$0

$0

Long-Term Debt

$569,382

$514,131

Total Liabilities

$569,382

$514,131

Financials as of: 07/11/2022
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Lightsense Technology 10/10/2022 StartEngine $18,018,125 $180,362 Equity - Preferred Funded RegCF
Lightsense Technology 01/28/2022 SeedInvest $12,002,080 $1,879,655 Equity - Preferred Funded RegCF / RegD 506(c)
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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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Lightsense Technology on StartEngine 2022
Platform: StartEngine
Security Type: Equity - Preferred
Valuation: $18,018,125
Price per Share: $8.57

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