SnapDNA
Solving the global food safety challenge.
Analytics
Raised to Date: $801,221
Aggregate Commitments $
Platform
Republic
Start Date
12/24/2020
Close Date
04/27/2021
Min. Goal
$25,000
Max. Goal
$1,070,000
Min. Investment
$150
Security Type
SAFE
Funding Type
RegCF
Series
Seed
Valuation Cap
$28,000,000
Discount Rate
10%
Rolling Commitments $
Status
Active
Reporting Date
04/11/2021
Days Remaining
13
% of Min. Goal
3,205%
% of Max. Goal
75%
Likelihood of Max
Avg. Daily Raise
$7,419
# of Investors
1,486
Momentum
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Location
Mountain View, California
Industry
Food, Beverage, & Restaurants
Tech Sector
Foodtech
Distribution Model
B2B
Margin
Medium
Capital Intensity
High
SnapDNA, with a $28 million valuation cap, is raising funds on Republic. The company addresses the food industry’s most critical need: reducing the number and the severity of outbreaks, lowering production costs, and allowing fresher, safer food.
David Medin, Tom Jacobs and Veronica De Guzman founded SnapDNA in 2011. The crowdfunding round has a minimum goal of $25,000 and a maximum goal of $1,070,000. SnapDNA has the first self-contained, on-site analysis designed to replace all food pathogen lab tests. Results are available in 20 minutes and hundreds of samples can be analyzed per day. Unlike lab tests, SnapDNA provides quantitative data to reduce the time to find contaminations from months to days, enabling predictive analytics to help prevent outbreaks.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-695,911 |
$-374,512 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$124,466 |
$4,154 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$163,063 |
$57,944 |
|
Short-Term Debt |
$1,309,233 |
$943,253 |
|
Long-Term Debt |
$2,667,600 |
$2,387,600 |
|
Total Liabilities |
$3,976,833 |
$3,330,853 |
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