GenoBank.io

GenoBank.io

Early Stage

Giving you control of your DNA

Giving you control of your DNA

Overview

Raised to Date: Raised: $506,319

Total Commitments ($USD)

Platform

Republic

Start Date

12/15/2019

Close Date

07/31/2020

Min. Goal
$100,000
Max. Goal
$1,070,000
Min. Investment

$100

Security Type

SAFE

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$10,000,000

Discount

15%

Rolling Commitments ($USD)

Status
Funded
Reporting Date

08/01/2020

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

$2,221

# of Investors

1,745

Momentum
Funded
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Year Founded

2018

Industry

Healthcare & Pharmaceuticals

Tech Sector

Biotech

Distribution Model

B2B/B2C

Margin

High

Capital Intensity

High

Location

San Mateo, California

Business Type

High Growth

Company Website

Genobank.io is raising funds on Republic via Crowd SAFE with a $10 million valuation cap. The company aims to address privacy issues in DNA test kits. The team has created the world's first encrypted DNA extraction kit. In doing so, Genobank.io has created a DNA wallet that is decentralized and therefore virtually unhackable. It gives the user complete control over their biorecords, and nobody can gain access without explicit consent. The team is offering both D2C and enterprise models and has a minimum target of $100k.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-14

$0

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$36

$0

Accounts Receivable

$-71

$0

Total Assets

$36

$0

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0
Financials as of: 12/15/2019
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
GenoBank.io 04/29/2022 Wefunder $21,000,000 $59,484 SAFE Funded RegCF
GenoBank.io 07/30/2020 Republic $10,000,000 $506,319 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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Genobank on Republic
Platform: Republic
Security Type: SAFE
Valuation: $10,000,000

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