Bioverge

Bioverge

Early Stage

Fusing sci-fi with fintech through a health + tech investment platform

Fusing sci-fi with fintech through a health + tech investment platform

Overview

Raised to Date: Raised: $138,007

Total Commitments ($USD)

Platform

Republic

Start Date

05/11/2023

Close Date

08/07/2023

Min. Goal
$25,000
Max. Goal
$1,235,000
Min. Investment

$100

Security Type

SAFE

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Early Bird Val. Cap

$18,000,000

Valuation Cap

$25,000,000

Discount

20%

Rolling Commitments ($USD)

Status
Funded
Reporting Date

08/30/2023

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

$1,586

# of Investors

251

Momentum
Funded
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Year Founded

2017

Industry

Financial & Insurance Products & Services

Tech Sector

Fintech

Distribution Model

B2B/B2C

Margin

High

Capital Intensity

Low

Location

San Francisco, California

Business Type

Growth

Bioverge, with a valuation of $25 million, is raising funds on Republic. The company has developed a health technology investment platform to merge sci-fi with fintech. The platform is democratizing investing in curated healthcare technology startups with its portfolio of 37 companies with a value of over $3 billion. Bioverge offers a variety of investment options, including deal-by-deal investments, Bioverge Access funds, and thematic funds. Neil Littman and Rick Gibb founded Bioverge in August 2017. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $1.24 million. The campaign proceeds will be used for product development, sales and marketing, new hires, and working capital.

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$247,786

$251,720

COGS

$49,972

$26,101

Tax

$0

$0

 

 

Net Income

$-406,203

$-591,903

Summary Balance Sheet

FY 2022 FY 2021

Cash

$324,314

$487,668

Accounts Receivable

$0

$0

Total Assets

$567,769

$751,759

Short-Term Debt

$52,668

$178,120

Long-Term Debt

$0

$0

Total Liabilities

$52,668

$178,120

Financials as of: 05/11/2023
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Bioverge 08/06/2023 Republic $25,000,000 $138,007 SAFE Funded RegCF
Bioverge 02/27/2022 Netcapital $10,014,900 $710,266 Equity - Common Funded RegCF
Bioverge 05/12/2021 Netcapital $10,014,900 $0 Equity - Common Funded Test the Waters / 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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Bioverge on Republic 2023
Platform: Republic
Security Type: SAFE
Valuation: $25,000,000

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