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Dare Bioscience, Inc.

Raising nowPublic

Biotech · San Diego, CA

Daré Bioscience develops women's health products spanning contraception, menopause, pelvic pain, fertility, sexual and vaginal health, and infectious disease. It pursues both FDA approval and faster access through Section 503B compounding; its first product, DARE to PLAY, is a topical sildenafil cream for female sexual arousal.

Raising nowRaising now on Digital Offering LLC

This company has an open fundraising round.

$0 raised
View the live round
Estimated pre-money ⓘ
$71.4M
As of Jan 2026 · from Reg A Offering (2025) · our estimate: offering price × shares outstanding, not a stated valuation
Total raised
$75,108,646
Crowd $0 · Private $75.1M · 11 rounds since 2009
Latest share price
$5.00
Reg A+ · Equity · Jan 2026 offering price

Financials

FY2012–FY2025 · from SEC filings · hover any figure for its source
−$16.7M
2018
−$14.3M
2019
−$27.4M
2020
$0
−$38.7M
2021
$10.0M
−$30.9M
2022
$2.8M
−$30.2M
2023
$10K
−$4.1M
2024
$1.0M
−$13.4M
2025
RevenueNet income — beside revenue when positive, below the line when a loss

Chart shows the most recent 8 fiscal years; 6 earlier years are in the table below.

Metric
FY2012 audited
FY2013 audited
FY2014 audited
FY2015 audited
FY2016 audited
FY2017 audited
FY2018 audited
FY2019 audited
FY2020 audited
FY2021 audited
FY2022 audited
FY2023 audited
FY2024 audited
FY2025 audited
Income statement
Revenue
$625,000
$6,000
$80,000
—
$766,000
—
—
—
—
$0
$10,000,000
$2,807,885
$9,784
$1,030,193
Cost of goods sold
—
—
—
—
—
—
—
—
—
—
—
—
$0
$295,799
Gross margin
—
—
—
—
—
—
—
—
—
—
—
—
100%
71%
Net income
-$22,101,000
-$17,143,000
-$23,342,000
-$39,594,000
-$39,305,000
-$11,503,117
-$16,738,815
-$14,263,830
-$27,400,743
-$38,696,105
-$30,947,738
-$30,161,391
-$4,053,599
-$13,399,274
Taxes paid
—
—
—
—
—
$0
$3,200
$0
$0
$0
$0
$0
$0
$0
Balance sheet
Cash
$16,707,000
$5,488,000
$51,174,000
$75,908,000
$34,950,000
$7,559,846
$6,805,889
$4,780,107
$4,669,467
$51,674,087
$34,669,605
$10,476,056
$15,698,174
$24,711,356
Accounts receivable
—
—
—
—
—
—
—
—
—
—
—
—
$0
—
Total assets
—
$6,827,000
$53,393,000
$78,225,000
$37,688,000
$14,259,828
$7,827,387
$7,442,788
$7,550,712
$55,807,177
$43,826,383
$21,282,215
$22,101,131
$32,474,563
Short-term debt
—
—
—
—
—
—
—
$0
$367,285
$0
—
—
—
—
Long-term debt
—
—
—
—
—
—
—
—
—
—
—
—
$5,674,277
—
Total liabilities
—
—
—
—
$755,235
$967,045
$1,100,767
$7,001,962
$8,702,445
$17,052,856
$32,714,273
$26,329,855
$28,113,220
$29,631,929
Other
Headcount
—
—
—
—
—
—
—
—
—
—
—
—
21
—

Figures as reported by the issuer in the filing shown on hover. Each year’s pill shows the assurance level of its filed statements — audited, reviewed (CPA review, less than an audit), or unaudited, as the filing’s own report or certification states it. A dashed pill marked * is inferred instead: the SEC minimum for an offering that size, which the issuer may have exceeded. No pill means we couldn’t tell. Headcount is the filing’s point-in-time count, not a year-end average. Manually corrected figures are marked “Corrected”.

Valuation over rounds

Pre-money — the valuation set before each round’s money came in
$71.4M
est. pre-money
Reg A+ · Equity · Jan 2026

Dotted grey bars are our estimate for rounds that didn't state one: the round's share price × the shares outstanding in its filings. Same measure as blue, but rougher.

Cap table

Share counts as of Jun 30, 2026
Common stock · 99.1%Series A Preferred Stock · 0.86%
ClassOutstandingVotes / shareConvertsAs convertedVotesLiquidationLast price
Common stock15,169,502——99.1%100.0%paid 2nd$5.00Jan 2026
Series A Preferred Stockpreferred(as of Mar 30, 2026)65,640none2 × common stock0.86%0%——
Total15,235,14215,300,782 as converted100%100%

Shares outstanding over timein today's share terms

15M7.6M0
Dec 2013Jun 2026
Common stockSeries A Preferred StockRound openedSplit / conversion

Changes in named holdersshares in today's terms · % of all shares at the time

Principal holders% as the filing states it, Dec 29, 2025

  • Law Custodial Inc.1,409,167 common stock9.9%of company
  • Sabrina Martucci Johnson334,144 common stock2.3%of company
  • Lisa Walters-Hoffert36,959 common stock—of votes
  • MarDee Haring-Layton69,715 common stock—of votes
  • Robin J. Steele40,530 common stock—of votes
  • Susan L. Kelley, M.D.20,438 common stock—of votes
  • Gregory W. Matz19,874 common stock—of votes
  • William H. Rastetter, Ph.D.21,296 common stock—of votes
  • Jessica D. Grossman, M.D.19,832 common stock—of votes

From the company's SEC filings: share counts per class, each class's voting and conversion terms, and the holders of 20% or more that Form C requires (officers and 10%+ holders on Form 1-A). Filings name only large holders, so most owners — including crowd investors — are not listed, and a holder's percentage may be of its own class rather than of the whole company. “As converted” counts each class in the shares it converts into. Prices and crowd share counts are in today's share terms — adjusted for splits and conversions since they were sold. Hover a figure for its filing.

Fundraising history

Raised $12.4MInvestors 12
Reg A+ · Equity · Jan 2026Openvia Digital Offering LLC
Raised $0 / $24.3MEst. pre-money $71.4M
Raised —Investors 1
Raised $1.7MInvestors 1
Raised $1Investors 1
Raised $13MInvestors 16
Raised $15MInvestors 19
Raised $16.5MInvestors 17
Raised $1.5MInvestors 15
Raised $5MInvestors 13
Raised $10MInvestors 13

Team

2 people
Sabrina Martucci Johnson
Chief Executive Officer, President, Secretary and Director
MarDee Haring-Layton
Chief Accounting Officer

Names and titles as disclosed on SEC Form 1-A. Bios and photos come from the platform campaign page and may be out of date.

  • Form DAug 20, 20260001493152-26-039295
    EDGAR
  • Form 253G2Aug 19, 20260001493152-26-039244
    EDGAR
  • Form 10-QAug 13, 20260001401914-26-000043
    EDGAR
  • Form 253G2Jul 17, 20260001401914-26-000041
    EDGAR
  • Form 253G2May 15, 20260001401914-26-000028
    EDGAR
  • Form 10-QMay 14, 20260001401914-26-000026
    EDGAR
  • Form QUALIFApr 1, 20269999999994-26-000077
    EDGAR
  • Form 253G2Mar 30, 20260001493152-26-013351
    EDGAR
Source: SEC EDGARCIK 0001401914DEShare price $5.00Last synced Aug 16, 2026

About this data. Figures are compiled from public sources — SEC EDGAR filings (Form C, C-AR, 1-A, 1-K) and funding-platform pages — and may be delayed, incomplete, or restated by the issuer. Financial statements are as reported by the issuer; each year is labeled with its assurance level (audited / reviewed / unaudited). A valuation cap is the conversion ceiling of a SAFE or convertible note, not an agreed company valuation; post-money figures are computed as pre-money plus amount raised and are not a traded price. Crowdonomics is not a broker-dealer, funding portal, or investment adviser; nothing here is investment advice or an offer to sell securities. Verify all figures against the linked EDGAR filings.