20/20 GeneSystems, Inc.

Lab-Based Diagnostic Testing Powered by AI and Real-World Data

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Categories
Technology, Healthcare/Medical
Min Investment
$500
Location
Gaithersburg, MD
Offering Date
August 21, 2022
Expected Close Date
November 15, 2022
Amount Raised
$132,528
Target Raise
$10K-$5M
No. Investors
102
Website
2020gene.com
Number of Employees
45
Cash
$3,354,469
Revenue
$9,622,332
Short Term Debt
$0
Cost of Goods
$4,927,374
Long Term Debt
$0
Net Income
$2,071,777

Company Description

20/20 GeneSystems develops and commercializes clinical laboratory tests that are improved with machine learning and real-world data. Through our high-complexity CLIA lab, we offer what is believed to be the first multi-cancer screening blood test in the U.S. costing under $200. In response to the global pandemic, we expanded our CLIA laboratory test menu to include PCR testing. Due to our ability to scale our COVID testing operation, 2021 revenues exceeded $9 million with over $1 million in net profits for the year. This represents a more than 300% increase over 2020 revenues. As a result, we ranked no. 131 on the Inc. 5000 list of America’s fastest-growing companies in 2022. To grow our portfolio of tests, the Company has built a Clinical Laboratory Innovation Accelerator, or CLIAx, which we believe is the country’s first accelerator facility for diagnostics start-ups. Our CLIAx is expected to help fuel our product and revenue growth for the next five years and already has two companies signed up to join.

Perks

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$500+ Investment
StartEngine Owner’s Bonus
This offering is eligible for the StartEngine Owner’s 10% Bonus program. For details on this program, please see the Offering Summary section below.

Friends & Family
Invest within the first 2 weeks and receive a 25% increase in the annual interest rate on Convertible Promissory Notes in this Offering, where by the interest rate will increase from 6% to 7.5%.




13
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16
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15
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42
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$500+ Investment
Tier 1
Receive 1/3 off all 20/20 lab tests for 12 months. (Only if available in your country)

$1,000+ Investment
Tier 2
Receive 1/2 off all 20/20 lab tests for 12 months. (Only if available in your country)

$2,500+ Investment
Tier 3
Receive 1/2 off all 20/20 lab tests for 18 months. (Only if available in your country)

$5,000+ Investment
Tier 4
Receive 1/2 off all 20/20 lab tests for 24 months. (Only if available in your country)

$10,000+ Investment
Tier 5
Receive 1/2 off all 20/20 lab tests for life. (Only if available in your country)

Key Deal Facts

One of the first in a fast growing market: 20/20 GeneSystems is one of the first organizations in the white-hot market for multi-cancer early detection (MCED) screening blood tests and is collecting test outcome data from around the world to help us refine and improve our algorithms and remain a market leader. Since the start of 2022 advancing MCEDs has become a priority for  members of Congress and the  U.S. National Cancer Institute.
Experienced Team: Our CEO previously established strategic partnerships with Fortune 500 companies such as Johnson & Johnson, Eastman Kodak, Abbott Diagnostics and Smiths Detection.  Our Board members have built and sold several successful diagnostics and medtech companies.
Investor backing: Our shareholders include China’s Ping An Ventures, likely the world’s largest Healthcare AI company (300 million users of its mobile diagnostic app) & thousands of investors, as well as the Keiretsu Forum, family offices, and over 8,000 crowd investors.

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