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Security Type
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Debt
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Categories
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Technology, Community & Lifestyle
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Min Investment
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$100
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Offering Date
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December 21, 2020
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Expected Close Date
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April 30, 2022
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Target Raise
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$50.00K-$596.29K
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No. Investors
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104
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Security Price
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$1
- 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.
Reveal the Score by Voting
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Additional ratings from other users are needed to determine a viable CrowdScore for this deal.
The "CrowdScore" for this deal is determined by user ratings and other factors using our proprietary algorithm.
ⓘ
The overall viability and scalability of the business concept as well as the ability to drive the concept to profitability over time.
Business Idea
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The progress made thus far in demonstrating that the business has viability, a customer base or other business traction.
Business Traction
ⓘ
The experience of the management team in running, scaling and/or exiting a business that required similar skills to execute the business plan.
Management Team
ⓘ
The value of the company compared to similar companies raising money from investors.
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.