Genobank.io

The world’s most secure way to exchange DNA data

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Security Type
Debt
Categories
Technology, Community & Lifestyle
Min Investment
$100
Location
San Mateo, CA
Offering Date
December 21, 2020
Expected Close Date
April 30, 2022
Target Raise
$50.00K-$596.29K
No. Investors
104
Security Price
$1
Deal Notes

Discount: 25%

Website
genobank.io
Number of Employees
3
Cash
$94,103
Revenue
$0
Short Term Debt
$0
Cost of Goods
$0
Long Term Debt
$190,000
Net Income
$-342,538

Company Description

We are a patent pending Anonymous DNA Collection Kit + Privacy-Preserving DNA data Wallet.  If granted, patents will be held by Daniel Uribe, CEO and Founder.

Given the Company’s limited operating history, the Company cannot reliably estimate how much revenue it will receive in the future, if any.

Perks

Invest $250+ for GenoBank.io Founder T-shirt
$500+ 1x Anonymous DNA kit + Genotyping Lab service.
$1,000+ 2x Anonymous DNA kit + Genotyping Lab service.
$2,500+ 3x Anonymous DNA kit + Genotyping Lab service.
$5,000+ 1x Anonymous DNA kit + 30x Whole Genome Sequence.
$10,000+ 2x Anonymous DNA kit + 30x Whole Genome Sequence.
$20,000+ 4x Anonymous DNA kit + 30x Whole Genome Sequence.
Invest $250+ for GenoBank.io Founder T-shirt
$500+ 1x Anonymous DNA kit + Genotyping Lab service.
$1,000+ 2x Anonymous DNA kit + Genotyping Lab service.
$2,500+ 3x Anonymous DNA kit + Genotyping Lab service.
$5,000+ 1x Anonymous DNA kit + 30x Whole Genome Sequence.
$10,000+ 2x Anonymous DNA kit + 30x Whole Genome Sequence.
$20,000+ 4x Anonymous DNA kit + 30x Whole Genome Sequence.

Key Deal Facts

We created the world's first privacy-preserving DNA kit and platform
We leverage blockchain technology to help securely manage DNA
We have +2K users and 4 enterprise customers
We have 3 pending patents filed in the United States
Addressing +$22B direct-to-consumer & enterprise markets
Raised +$764K from angel investors and grants
Advisors include experts in genomics, blockchain and cybersecurity
As seen on TV: Meet the Drapers, Telemundo, Canal Once

Use of Proceeds

$50,000

  • WeFounder Platform Fees 5% of funds ($2,500)
  • Research & Development, 20% ($10,000)
  • Private Cloud/Storage & Sequencing Lab Services  50% ($25,000) of funds.
  • Legal Fees 5% ($2,500) of funds.
  • Marketing 10% ($5,000) of funds.
  • Business Development and Partnerships 10% ($5,000) of funds. 

$596,291 

  • WeFounder Platform Fees 5% of funds ($29,814.55)
  • Research & Development, 20% ($119,258.20)
  • Private Cloud/Storage & Sequencing Lab Services  25% ($149,072.75) of funds.
  • Salaries and Wages 25% ($149,072.75) 
  • Legal Fees 5% ($29,814.55) of funds. 
  • Marketing 10% ($59,629.10) of funds. 
  • Business Development and Partnerships 10% ($59,629.10) of funds. 

Management Team / Advisory Board Bios

Daniel Uribe
CEO and Co-Founder
Daniel Uribe is a serial entrepreneur & engineer. He has +16 years experience in Cybersecurity, Cloud Computing and +5 years experience in Blockchain. He founded GenoBank.io in 2017 after his son was diagnosed with a genetic mutation.

Candice Bellau
CFO
As CFO, Candy Bellau, MBA is responsible for providing GenoBank.io with her expertise in accounting and best practices in bookkeeping. Her career spans over 15 years of varied experience in handling audits and acting as liaison with parties.

Sharon Holm
Chief Operations Officer
Sharon has 25+ years in global marketing and communications experience with a proven track record of driving business results through innovative campaigns. Her work includes crafting, directing and executing strategies and developing branding.

Fred Madrid
User Experience Designer / Front-end Developer
UX/UI designer and front-end developer with over 15 years experience. Worked with agencies and startups and have been lucky enough to work with amazing brands: Ron Paul, Under Armour, Disney, and Hipmunk.

Kristijan Sedlak
Sr. Full Stack Developer & Blockchain Engineer.
Lead author of the 0xcert Protocol, co-author of EIP-2477, Startup mentor, Web designer and muscian.

Deal Notes

Discount: 25%

Amount Raised : $59,484
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Valuation

Security Description

Debt is something, usually money, borrowed by one party from another. Debt is used by many corporations and individuals to make large purchases that they could not afford under normal circumstances. A debt arrangement gives the borrowing party permission to borrow money under the condition that it is to be paid back at a later date, usually with interest.

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