SnapDNA
Solving the global food safety challenge.
Analytics
Raised to Date: $277,476
Aggregate Commitments $
Republic
12/24/2020
04/27/2021
$25,000
$1,070,000
$150
SAFE
RegCF
Seed
$28,000,000
10%
Weekly Commitments $
Active
01/20/2021
95
1,110%
26%
$10,277
505
Mountain View, California
Food, Beverage, & Restaurants
Foodtech
B2B
Medium
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 |
$0 |
|
Total Liabilities |
$3,976,833 |
$3,330,853 |
Ratings
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