Million Marker

Million Marker

Backed by Y Combinator, provides personal environmental exposure analysis and tracking to consumers

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Security Type
Convertible Note
Categories
Healthcare & Medical
Min Investment
$100
Location
EL CERRITO, CA
Offering Date
October 08, 2020
Expected Close Date
January 17, 2022
Target Raise
$25.00K-$1.07M
Security Price
$1
Deal Notes

Conversion Provisions: In connection with equity financing of at least $1 million, the Company has the option to convert the Crowd Note into non-voting preferred stock (Conversion Shares) at a price based on the lower of (A) the price per share for Preferred Stock by investors in the Qualified Equity Financing or (B) the price per share paid on a $9 million or $10 million valuation cap. Please refer to the Crowd Note for a complete description of the terms of the Crowd Note, including the conversion provisions.

Number of Employees
5
Cash
$124,320
Revenue
$13,408
Short Term Debt
$72,620
Cost of Goods
$17,233
Long Term Debt
$369,971
Net Income
$-201,801

Company Description

What if we could end chronic disease and improve fertility? What if we could effectively detox our lives? Everyday environmental exposures may exacerbate the risk of developing a chronic disease to a greater degree than genetics alone.i What if there is an easy way to track and reduce these chemical exposures? Million Marker utilizes chemical metabolites and personal exposure analysis to allow individuals to measure and track their own exposure to toxic environmental chemicals. Our vision is to discover over a million biomarkers of exposure. We believe these “Million Markers” will inform and improve individual health and advance precision medicine. We aim to achieve this goal by selling direct-to-consumer testing kits, building the world’s most comprehensive chemical metabolite database, and conducting research studies using our laboratory and technological platforms. As part of Y-Combinator’s Spring 2019 cohort, Million Marker is raising more capital to purchase new laboratory equipment and hire additional chemists and researchers to scale its testing capabilities and reduce consumer costs.

Key Deal Facts

Graduated from Y Combinator’s Spring 2019 Cohort
Partnership agreement with the University of California, San Francisco and support from Stanford University School of Medicine and Johns Hopkins School of Public Health
MOU with Parley for the Oceans (international ocean conservation NGO) and contract with The Community (Publicis Groupe) to launch a plastic awareness campaign in Summer 2021
Provides mail-in test kits to measure personal exposure of potentially harmful environmental chemicals

Use of Proceeds

  • Advertising
  • Product Development
  • Intermediary Fees
  • Advertising
  • Product Development
  • Equipment
  • Rent & Utilities
  • Hiring Staff
  • Intermediary Fees

Management Team / Advisory Board Bios

Jenna Hua, PhD, MPH, RD
Founder and Chief Executive Officer
Jenna’s extensive experience as an academic and health advocate led to her founding Million Marker in 2019, shortly after completing a Postdoctoral Fellowship with Stanford University’s School of Medicine. Throughout her career in academia, Jenna has researched and published numerous studies that largely focused on citizens science, general health, and the impact of food consumption on a person’s well-being. In one of her most recent publications, Jenna used machine learning to identify people based on food consumed in order to offer healthier food options.xxxiii She also published another report that studied the arsenic exposure and risks of eating rice within adolescents in Kunming, China.xxxiv Jenna has been a Project Manager for UNC’s Carolina Population Center, a Graduate Instructor and Research Assistant at UC Berkeley, and a Project Manager at UCLA’s Center for Population Research. She was also a US Fulbright Fellow at the Institute of International Education in Kunming, China. Jenna holds a BS in Nutrition and an MPH and PhD in Environmental Health Sciences from UC Berkeley.

Laurynas Riliskis, PhD
Chief Technology Officer
Larry is a seasoned technologist and entrepreneur who brings over 10 years of experience to Million Marker. Aside from his position at Million Marker, Larry is the director of engineering at BehavioSec, a behavioral biometrics company. He also serves as an expert advisor for the European Commission, an independent governmental organization that prepares legislation for the Council and Parliament. In 2018, Larry founded Victor AI, an AI-powered compliance officer to assist companies by automating regulatory compliance. The company was part of the Spring 2019 cohort in Lex Lab’s accelerator program.xxxv Larry also founded Harmony.ai, a SaaS data privacy company that automates workflows and enables compliance for GDPR and other regulations. Larry holds an MS in computer science and a Ph.D. in computer networking from the Luleå University of Technology. He was also a postdoctoral fellow in computer science at Stanford University.

Johanna Rochester, PhD
Chief Scientist Officer
Jo has spent the last decade studying how environmental stressors affect hormones and health. She was on the front lines of endocrine disruption research, especially in relation to human exposures and health effects. She has published several scoping and systematic reviews, including a pivotal one on BPA and human health. This review has been cited over 1,000 times, greatly furthering epidemiological BPA research, and was used as the basis for regulation of BPA under California’s Proposition 65. Jo holds an MS and PhD from the University of California, Davis, and did her postdoctoral research at the University of Colorado, Boulder. She then worked at TEDX, The Endocrine Disruption Exchange, the foremost non-profit in endocrine disruption research and science translation.

Deal Notes

Conversion Provisions: In connection with equity financing of at least $1 million, the Company has the option to convert the Crowd Note into non-voting preferred stock (Conversion Shares) at a price based on the lower of (A) the price per share for Preferred Stock by investors in the Qualified Equity Financing or (B) the price per share paid on a $9 million or $10 million valuation cap. Please refer to the Crowd Note for a complete description of the terms of the Crowd Note, including the conversion provisions.

Amount Raised : $285,303
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Security Description

A convertible security is a security that can be converted into another security, typically equity in the next round of financing.

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