Simpletest on WeFunder | Deal Memo

Jun 11, 2021 1 min read
Invest in SimpleTest by iAssay: Improving medical testing by putting the lab in the palm of your hand | Wefunder
Improving medical testing by putting the lab in the palm of your hand

Company Overview

SimpleTest is a startup raising funds on Wefunder to develop a portable medical test reader, with a universal adapter, that allows tests to be read anywhere, eliminates human error, and produces results in minutes.

According to the company's Wefunder campaign, SimpleTest is the first and only patented universal medical test reader, and the USPTO has already granted two patents. According to the team, the company is tapping into the $68B healthcare data industry with a cloud computing solution.

Deal Terms

  • Security: Convertible Note
  • Valuation Cap: $8,500,000
  • Min. Investment: $100

(Data as of June 2021.)

Did I Invest In Simpletest?

I didn't decide yet whether or not I will invest in Simpletest on WeFunder. At Angel Notes, I review 100+ pitches on 10+ platforms every month and send a detailed report every Saturday to subscribers of the Angel Notes newsletter (you can join through the form below). See you soon!

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