DeBio Network raised $1 M in a IDO round on 2021-11-24.

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According to media reports, DeBio Network raised $1 M in a IDO round on 2021-11-24.Following this round, DeBio Network has raised a total of $2 M, bringing its latest valuation to $23 M.
The DeBio Network is a decentralized medical and bioinformatics platform for medical and bioinformatics data specializing in genetics testing. Before making an order, all users are required to generate an account first and bind their wallets. A smart contract will lock the number of tokens required to pay. Afterward, the user will get a code that represents their public key. Users sample themselves, put on an envelope with the lab address and code then send it anonymously without a return address. Once the Lab is finished, they will upload the results (in the form of VCF data and report) and the user shall receive it anonymously (encrypted by Lab with the user’s public key).

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DBIO Fundraising History
RoundAmountValuationTimeInvestor(s)
IDO$1 M$23 M2021-11-24--
Key Milestones
  • 2021-11-25
    DeBio Network raised $ 1.5 M through IDO
  • 2021-10-21
    DeBio Network raised $ 500 K in strategic financing
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