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20/20 GeneSystems on StartEngine 2022

Date:

Platform

StartEngine

Start Date

08/16/2022

Close Date

11/15/2022

Min. Goal

$9,995

Max. Goal

$4,999,995

Min. Investment

$500

Security Type

Convertible Note

Funding Type

RegCF

Valuation Cap

$58,400,000

Discount Rate

10%

Rolling Commitments $

Status

Active

Reporting Date

08/16/2022

Days Remaining

91

% of Min. Goal

0%

% of Max. Goal

0%

Likelihood of Max

Avg. Daily Raise

$0

Momentum

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Location

Rockville, Maryland

Industry

Healthcare & Pharmaceuticals

Tech Sector

HealthTech

20/20 GeneSystems, with a valuation of $58.4 million, is raising funds on StartEngine. It is a diagnostics company with a successful track record in cancer detection with its AI-powered multi-cancer blood test, OneTest. The company has also launched CoronaCheck, its FDA-authorized antibody lab test for COVID-19 antibodies. The business reported revenues of $9 million in 2021, a 300% increase over 2020 revenues. Jonathan Cohen founded 20/20 GeneSystems in 2000. The current crowdfunding campaign has a minimum target of $9,995.40 and a maximum target of $4,999,995. The campaign proceeds will be used to expand the portfolio of tests and grow revenues.

Raise History

20/20 GeneSystems 11/15/2022 StartEngine $58,400,000 $0 Convertible Note
Active
RegCF
20/20 GeneSystems 06/27/2021 StartEngine $38,500,000 $2,903,017 Equity – Preferred
Funded
RegA+
20/20 GeneSystems 11/01/2020 SeedInvest $38,500,000 $3,792,229 Equity – Preferred
Funded
RegA+
20/20 GeneSystems 12/14/2017 Microventures $23,000,000 $1,064,807 Equity – Preferred
Funded
RegCF

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