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Security Type
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CAFES
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Categories
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Technology, Financial Services, Healthcare & Medical, $1M+ Revenue
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Min Investment
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$100
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No. Investors
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2
Key Deal Facts
Tracking to $1.5M to $2M in ARR in 2024
Technology validated over 7+ years with 9 updated versions and 10k+ clinical reports issued
CEO previously built and sold a successful genomics tech platform
Spin out of genomic company founded by Craig Venter who sequenced the first human genome
De-risked investment with $90M prior development funding, clean cap table, and virtually no debt
Scalable, automated platform; able to profitably offer whole genome clinical report under $1,000
Our search engine rapidly analyzes data at 'speed of thought,' unlocking Google-like monetization
Management Team / Advisory Board Bios
$1M+ Revenue
Earned over the last 12 months, Travis Lacey Co-Founder and CEOTrack record of returning value to investors through building, solving innovative healthcare challenges. Spun out Simplify from another company to create unprecedented change in health utilizing genomics. Prior, built and sold sequencing business., Wayne Delport Co-Founder and Chief Technology OfficerPublished in leading scientific journals. Built and led Bioinformatics and Analytics at Human Longevity ("HLI"). Executed technology Simplify Genomics carve-out from HLI. Reduced operating costs at Simplify by more than 50% by optimizing storage & compute
Amount Raised
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$4,301,846
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Business Idea
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Business Traction
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Management Team
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Valuation
Security Description
A CAFES (Contract and Future Equity Stake) can convert into different types of equity upon a Triggering Event, such as: common or preferred stock for a corporation, limited partnership interest for a limited partnership and membership interest for a limited liability company. At the time of the Triggering Event, the specific rights and limitations associated with the equity stake being issued to the investors will be determined and disclosed by the Entrepreneur.