Ad Fontes Media

[Closed for Investment] Ad Fontes Media, with a valuation of $9.9 million, is raising funds on Wefunder. The company reduces polarising junk news and rates news articles for reliability and bias. Ad Fontes Media’s 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 10,000 news sources for reliability and bias and rates over 100,000 articles per day with a blend of human analysts and AI. Vanessa Otero founded Ad Fontes Media in February 2018. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $91,154.32. The campaign proceeds will be used for maintaining analyst staff, business development, customer support, and software and database development.

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Investment Overview

Raised this Round:
$118,144 - RegCF
$3,806,637 - Total

Deal Terms

Total Commitments ($USD)

Platform
Wefunder
Start Date
09/30/2024
Close Date
10/31/2024
Min. Goal
$50,000
Max. Goal
$91,154
Min. Investment

$100

Security Type

Equity - Preferred

Series

Series A

SEC Filing Type

RegCF / RegD 506(c)    Open SEC Filing

Price Per Share

$0.73

Pre-Money Valuation

$9,900,000

Company & Team

Company

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

Team

Employees
8
Prior Founder Exits?
No
Founder Name
Vanessa Otero

Financials

as of August 31, 2024
 Revenue -7.6% YoY
$256,394
 Monthly Burn
$96,000
 Runway
0.3 months
Gross Margin
71%
View Detailed Financials Expand

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$256,394

$277,328

COGS

$74,969

$277,133

Tax

$0

$0

 

 

Net Income

$-3,359,578

$-1,095,324

Summary Balance Sheet

FY 2023 FY 2022

Cash

$311,881

$28,562

Accounts Receivable

$33,950

$37,227

Total Assets

$389,684

$92,383

Short-Term Debt

$148,798

$164,352

Long-Term Debt

$0

$465,206

Total Liabilities

$148,798

$629,558
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Company Funding & Growth

Funding history

Total Prior Capital Raised
$5,941,370
VC Backed?
Yes
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 2024
Platform: Wefunder
Security Type: Equity - Preferred
Valuation: $9,900,000
Price per Share: $0.73

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