SnapDNA

SnapDNA

Solving the global food safety challenge

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Security Type
Crowd SAFE
Categories
Consumer Goods & Products
Min Investment
$150
Location
Mountain View, CA
Offering Date
December 22, 2020
Expected Close Date
April 27, 2021
Target Raise
$25.00K-$1.07M
Deal Notes

Discount: 10%

Company Description

Vision Next generation food testingSnapDNA enables safer and fresher food while reducing cost and risk for food companies. We enable rapid identification and isolation of pathogens before a contamination can become an outbreak. We are incorporating metadata-rich, cloud-based data and predictive analytics to prevent contaminations across the industry. We allow real-time monitoring of pathogen testing for a food company across all of its facilities, delivering the information every food safety professional requires and every food company needs. We have the vision, technology, and products to capitalize on the inevitable change to rapid analysis in the existing, recession-proof, $10B food pathogen testing market.We invite you to join us.

Key Deal Facts

Reduces the time for food pathogen testing from 3 days to 20 minutes
Selected as the preferred food testing platform by the USDA-ARS
Paid pilots with PepsiCo and Nestle; the world’s largest food companies
Reduces outbreaks, lowers food costs and allows for fresher, safer food
Leading the change in the $10 Billion per year food pathogen test market
Projected ARR of $150M in 2 years
$3M raised to date

Management Team / Advisory Board Bios

David Medin
Founder & CEO

Tom Jacobs
Founder

Veronica De Guzman
Founder

Zeal Panchal
Scientist

Deal Notes

Discount: 10%

Amount Raised : $1,070,000
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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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