Ad Fontes Media
We rate news for reliability and bias to help people navigate the news landscape
Overview
Raised: $226,032
Total Commitments ($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
Price Per Share
$0.73
Pre-Money Valuation
$8,249,573
Rolling Commitments ($USD)
Status
Funded
Reporting Date
10/31/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$10,763
# of Investors
371
Momentum
Funded
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Year Founded
2018
Industry
Media, Entertainment & Publishing
Tech Sector
MediaTech
Distribution Model
B2B/B2C
Margin
High
Capital Intensity
Low
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.
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 |
Financials as of: 09/15/2022
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