HueDx

HueDx

Accelerating quantitative testing in Medical, R&D, Agro, & Industrial sectors

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Security Type
Crowd SAFE
Min Investment
$100
Location
PHILADELPHIA, PA
Offering Date
June 23, 2023
Expected Close Date
August 25, 2023
Target Raise
$50.00K-$1.24M
No. Investors
66
Security Price
$1
Website
huedx.com
Number of Employees
10
Cash
$37,320
Revenue
$0
Short Term Debt
$337,610
Cost of Goods
$0
Long Term Debt
$180,005
Net Income
$-1,617,497

Company Description

A Rapid Assay is a technology that measures the presence ("yes"/"no") of substance in a sample, such as contaminant in water or a virus such as COVID. Rapid Quantitative Assays (RQAs); however, are a subtype of assay that allows for near-immediate, lab-grade test results with added precision and decision-making power, because they measure how much of a substance is present in a sample.

Perks

4 investors
Invest
$1,000
Receive
A HueCard
Limited (21 left of 25)

1 investor
Invest
$2,500
Receive
A virtual meeting with a member of our leadership team
A HueCard
Limited (4 left of 5)

Invest
$5,000
Receive
A virtual meeting with a member of our leadership team
A HueCard
A HueCard Demo Kit
Limited (10 left of 10)

1 investor
Invest
$10,000
Receive
A virtual meeting with a member of our leadership team
A HueCard
A HueCard Demo Kit
A full in-depth demo of our HueCloud Assay Development Tools.
Limited (1 left of 2)

Key Deal Facts

Technology platform for developing and launching rapid diagnostic tests
Applications in Medicine, Agriculture, Manufacturing, R&D, Industrial +
Flagship product launched Feb '23 | Multiple $1M+ opportunities in funnel
Reduces industry-standard assay development time from years to months
Results in minutes — in lab, at home, or anywhere — with only smartphone

Management Team / Advisory Board Bios

Mark Wingertzahn
CEO
Mark is the CEO of HueDx. As a seasoned pharma and biotech exec, Mark joined HueDx first as an investor, and then CEO. Mark brings his innovative leadership to HueDx as it closes its first contracts and enters a revenue-generating era.

Brianna Wronko-Stevens
CSO and Founder
Brianna is the Founder & CSO at HueDx. Brianna is a biotechnology innovator who has focused her career on overhauling the diagnostic process for both patient and consumer.

Sam Parks
CTO
Sam is a founder, engineer, scientist, and CTO. His experience began in nanotechnology and quantum engineering and evolved into founding multi-hundred-million dollar, globally-successful companies.
Amount Raised : $53,091
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Valuation

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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