SelfDecode

AI platform that provides personalized health recommendations based on DNA, labs and environment.

Analytics

Raised to Date: Raised: $838,506

Aggregate Commitments $
Platform

Wefunder

Start Date

07/19/2021

Close Date

04/30/2022

Min. Goal

$50,000

Max. Goal

$1,069,999

Min. Investment

$100

Security Type

Equity - Preferred

Funding Type

RegCF

Series

Seed

Pre-Money Valuation

$34,948,219

Rolling Commitments $
Status

Active

Reporting Date

07/28/2021

Days Remaining

276

% of Min. Goal

1,677%

% of Max. Goal

78%

Likelihood of Max
extremely
Avg. Daily Raise

$93,167

# of Investors

821

Momentum
hot
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Location

Los Angeles, California

Industry

Healthcare & Pharmaceuticals

Tech Sector

HealthTech

Distribution Model

B2B/B2C

Margin

High

Capital Intensity

High

Business Type

Growth

SelfDecode, with a pre-money valuation of $34.9 million, is raising crowdfunding on Wefunder. The company has developed an AI-based platform that analyses DNA, labs, and the environment to provide personalized health recommendations. The SelfDecode platform gives targeted supplement, diet, and lifestyle recommendations to the users. Joseph Cohen founded SelfDecode in April 2019. The proceeds of the current crowdfunding round, with a minimum goal of $50,000 and a maximum goal of $1,069,999, will be used for marketing, product development, and hiring. SelfDecode works on a recurring revenue model and generates a predictable revenue stream from subscriptions. The revenues of the company grew by 360% from the fourth quarter of 2019 to the fourth quarter of 2020.
Summary Profit and Loss Statement
Most Recent Year Prior Year

Revenue

$1,436,971

$1,216,807

COGS

$201,536

$19,953

Tax

$3,813

$4,609

 

 

Net Income

$-499,746

$-254,934

Summary Balance Sheet
Most Recent Year Prior Year

Cash

$348,348

$196,431

Accounts Receivable

$0

$0

Total Assets

$348,348

$196,431

Short-Term Debt

$867,685

$331,835

Long-Term Debt

$465,772

$349,960

Total Liabilities

$1,333,457

$681,795

Financials as of: 07/19/2021
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