Ad Fontes Media

About this raise: Ad Fontes Media, with a valuation of $8.25 million, is raising funds on Wefunder. The company reduces polarising junk news and rates news articles for reliability and bias. The human analysts look at the news content and score it based on their methodology. The Media Bias Chart of Ad Fontes Media functions as the reference product for consumers and educators. The company has rated over 2,000 news sources based on more than 32,000 manually rated articles and episodes. Vanessa Otero founded Ad Fontes Media in 2018. The current crowdfunding campaign has a minimum target of $50,001 and a maximum target of $400,000. The campaign proceeds will be used for hiring analyst staff, business development, customer support, and software and database development.

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Investment Overview

Invested this round: $226,032

Deal Terms

Total Commitments ($USD)

Platform
Wefunder
Start Date
09/15/2022
Close Date
10/06/2022
Min. Goal
$50,001
Max. Goal
$400,000
Min. Investment

$100

Security Type

Equity - Preferred

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$0.73

Pre-Money Valuation

$8,249,573

Company & Team

Company

Year Founded
2018
Industry
Media, Entertainment & Publishing
Tech Sector
MediaTech
Distribution Model
B2B/B2C
Margin
High
Capital Intensity
Low
Location
Westminister, Colorado
Business Type
Growth
Company Website
Visit Website

Team

Employees
4
Prior Founder Exits?
No
Founder Name
Vanessa Otero

Financials

 Revenue +13% YoY
$137,858
 Monthly Burn
$80,417
 Runway
0.3 months
View Detailed Financials Expand

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$137,858

$121,936

COGS

$315,076

$2,832

Tax

$0

$0

 

 

Net Income

$-964,998

$-255,377

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$21,062

$21,157

Accounts Receivable

$10,608

$725

Total Assets

$54,130

$38,529

Short-Term Debt

$344,354

$26,867

Long-Term Debt

$770,551

$153,090

Total Liabilities

$1,114,905

$179,957
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Ratings Kingscrowd Startup Rating Methodology Article

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$1,413,797
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
10/31/2024 Wefunder $9,900,000 $3,806,637 Equity - Preferred Funded RegCF / RegD 506(c)
10/06/2022 Wefunder $8,249,573 $226,032 Equity - Preferred Funded RegCF
01/27/2021 Wefunder $5,000,000 $343,285 SAFE Funded RegCF
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Growth Charts

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Valuation History

Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Employee History

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Ad Fontes Media on Wefunder 2022
Platform: Wefunder
Security Type: Equity - Preferred
Valuation: $8,249,573
Price per Share: $0.73

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Warning: according to the close date for this deal, Ad Fontes Media may no longer be accepting investments.

Ad Fontes Media Deal Report

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