SnapDNA

Disruptive food-safety biotech saving the global food supply chain over $100B/yr

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Form C
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Security Type
Crowd SAFE
Min Investment
$150
Location
BROOMFIELD, CO
Offering Date
June 20, 2023
Expected Close Date
September 05, 2023
Target Raise
$25.00K-$618.00K
No. Investors
386
Security Price
$1
Website
snapdna.com
Number of Employees
4
Cash
$62,530
Revenue
$0
Short Term Debt
$5,374,553
Cost of Goods
$0
Long Term Debt
$1,743,147
Net Income
$-1,023,712

Company Description

SnapDNA can perform the same analysis in as little as 1 hour, saving billions of dollars a year in operational costs and reducing the risk from outbreaks.

Key Deal Facts

Reduces the time for a food pathogen test from 3-7 days to ~1 hour
Can save over $100B/yr in operating costs and enable fresher safer food
Poised to be the standard in the recession-proof $13B food testing market.
Launch-ready with fundamental technical breakthroughs from 10 yrs R&D
Technology confirmed in peer-reviewed publication from USDA-ARS (Albany CA)
100% successful paid pilots with PepsiCo and Taylor Farms
Projected revenue of $140M in 2025, $370M in 2026

Management Team / Advisory Board Bios

David Medin
CEO
30 yrs executive & C-level experience in corp dev,
marketing, and product design in both private and
public technology companies. Managed large global engineering and product
teams

Mark Nelson
Board Member
SnapDNA - Board Member: January 2022. Former Beyond Meat CFO and COO 12/2015-5/2021.

Tom Jacobs
Sales
25 years food industry sales leadership. Responsible for >$500M in industry sales

Veronica DeGuzman Ph.D
Molecular Biology
25 yrs expertise in DNA-sensing, molecular
biology and formulation. Built and managed teams for pilot scale
manufacturing, physical and chemical
characterization of consumables

Gabriel Matus
Material Science
20 yrs experience. Designed processes used in $11B of semiconductor equipment.

Zeal Panchal
Scientist
NASA-Ames
Amount Raised : $260,364
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Security Description

An equity crowdfunding specific version of a SAFE used by crowdfunding portal Republic. Upon conversion (if and when that happens), investors may receive special shares with limited rights that do not show up on a company’s cap table. The issuer may roll over and not convert shares at the next financing round causing investors to lose out on some upside.

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