Overview

Raised to Date: Raised: $206,921

Deal Terms

Investment Momentum

Company Profile

Deal Summary

Financials

Funding History

Growth Charts

Total Commitments ($USD)

Platform

Wefunder

Start Date

05/28/2020

Close Date

12/04/2020

Min. Goal

$50,000

Max. Goal

$250,000

Min. Investment

$100

Security Type

SAFE

Series

Pre-Seed

SEC Filing Type

RegCF    

Valuation Cap

$2,750,000

Discount

25%

Rolling Commitments ($USD)

Status

Funded

Reporting Date

12/30/2020

Days Remaining

Funded

% of Min. Goal

Funded

% of Max. Goal

Funded

Likelihood of Max

Funded

Avg. Daily Raise

$1,095

# of Investors

336

Momentum

Funded

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Quorum X Diagnostics

Year Founded

2017

Industry

Healthcare & Pharmaceuticals

Tech Sector

Biotech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

Low

Location

Tucker, Georgia

Business Type

Growth

Company Website

Quorum X Diagnostics, with a $3 million valuation cap, is raising crowdfunding on Wefunder. The company is developing a take-home lateral flow test to detect CoV-2 during the incubation period. The test will allow the detection of COVID even before the onset of symptoms. The company has already used the same technology to build QXD-1 Fast Test for Pseudomonal Pneumonia Prototype. Quorum X Diagnostics was founded by Maria Nagy and Dr. Angel A. Rivera in 2017 and has raised over $66,000 since its founding. The current round of crowdfunding has a minimum raise of $50,000 and a maximum raise of $250,000, and the funds will be used for manufacturing, testing patient samples, hiring nurses, FDA application, and app development. Quorum X Diagnostics is filling an opportunity gap in the market and catering to the global need of a quick test for COVID.

Summary Profit and Loss Statement

	Most Recent Year	Prior Year
Revenue	$0	$0
COGS	$0	$0
Tax	$415	$415
Net Income	$-34,500	$-22,200

Summary Balance Sheet

	Most Recent Year	Prior Year
Cash	$0	$0
Accounts Receivable	$0	$0
Total Assets	$500	$500
Short-Term Debt	$35,000	$22,700
Long-Term Debt	$0	$0
Total Liabilities	$35,000	$22,700

Financials as of: 05/28/2020

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Raise History

Offering Name	Close Date	Platform	Valuation/Cap	Total Raised	Security Type	Status	Reg Type
Quorum X Diagnostics	04/29/2022	Wefunder	$25,000,000	$0	SAFE	Not Funded	RegCF
Quorum X Diagnostics	12/03/2020	Wefunder	$2,750,000	$206,921	SAFE	Funded	RegCF

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• Price per Share
• Valuation
• Revenue
• Employees

Price per Share Valuation Revenue Employees

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

Dr. Maria Nagy Talks At-Home Antigen Tests for COVID-19

As all eyes are on vaccines and testing for COVD-19, Quorum X Diagnostics pivoted from working on a Fast Test for Pseudomonal Pneumonia. Now, under the leadership of Dr. Maria Nagy, the team is working to bring to market an at-home COVID-19 antigen test. To make this possible, the team is currently raising funds via Wefunder.

We sat down with Maria to learn more about how she plans to allocate funds, who makes up her impressive team, and more-

Read Founder Interview