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Security Type
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Other
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Categories
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Consumer Goods & Products
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Min Investment
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$50
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Location
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South San Francisco, CA
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Offering Date
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July 31, 2018
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Expected Close Date
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December 31, 2018
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Target Raise
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$100.00K-$1.07M
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Deal Notes
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- Type of security: Token DPA (Late Stage with Escrow)
- Minimum investment: $50
- Funding goal: $100,000 – $1,070,000
- Maturity: 3 years
- Cash Interest: 20%
- Token Repayment Premium: 30%
- Elective Partial Refund: 50% of net debt amount before 2 years
Company Description
A token-curated registry for consumer health products. The TEST Registry is a curated list of products that meet quality standards. Products that join this registry and pass TEST analyses are "TEST Certified".
Key Deal Facts
First token-based certification program for consumer health products.
Built by affiliate Labdoor, Y Combinator W15 batch alumni.
Labdoor has tested over 1,000 products, helping millions of people research, find, and buy supplements.
Labdoor's research cited by John Oliver, New York Times, Today Show.
Labdoor raised $7M - led by Mark Cuban, Floodgate. Investors include Rock Health, FundersClub, 500 Startups.
Test Foundation is the vehicle to bring a tokenized version of Labdoor to the market.
Management Team / Advisory Board Bios
Neil Thanedar
Co-founder and Business Lead
CEO at Labdoor – Co-founded Avomeen Analytical Services, an FDA-registered chemical testing laboratory.
Helton Souza
Co-founder and Tech Lead
CTO at Labdoor – 10 years as a software engineer, architect, and project manager. Built scalable enterprise systems at Claro Telecom, Spread, Borland, and Infoway.
Rafael Ferreira
Co-founder and Marketing Lead
CMO at Labdoor – 12 years as an art director, designing ads,
branding, and copy. Planned national ad campaigns for P&G, Johnson & Johnson, Warner and Phillip Morris.
Deal Notes
- Type of security: Token DPA (Late Stage with Escrow)
- Minimum investment: $50
- Funding goal: $100,000 – $1,070,000
- Maturity: 3 years
- Cash Interest: 20%
- Token Repayment Premium: 30%
- Elective Partial Refund: 50% of net debt amount before 2 years
