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
unlikely
Avg. Daily Raise

$7,419

# of Investors

1,486

Momentum
warm
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Location

Mountain View, California

Industry

Food, Beverage, & Restaurants

Tech Sector

Foodtech

Distribution Model

B2B

Margin

Medium

Capital Intensity

High

Business Type

Growth


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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