Angel Studios

Angel Studios

Closed: Sep. 2024

About this raise: Angel Studios is raising funds through Reg A+ crowdfunding with Rialto Markets as the Broker-Dealer. It is a streaming media service that offers family-friendly entertainment. Angel Studios focuses on content supported by crowdfunding and features titles, including Dry Bar Comedy, The Wingfeather Saga, Tuttle Twins, and The Chosen. The business has a loyal viewer base and was the eighth highest grossing distribution company in the domestic box office in 2023. Neal Harmon, Daniel Harmon, Jeffrey Harmon, Jordan Harmon, and Benton Crane founded Angel Studios in February 2014. The current crowdfunding campaign has a maximum target of $20 million. The campaign proceeds will be used for working capital.

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Investment Overview

Invested this round: $20,000,000

Deal Terms

Total Commitments ($USD)

Platform
Rialto Markets
Start Date
08/29/2024
Close Date
Not Provided
Min. Goal
$151
Max. Goal
$20,000,000
Min. Investment

$151

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegA+    Open SEC Filing

Price Per Share

$30.24

Pre-Money Valuation

$907,000,000

Company & Team

Company

Year Founded
2014
Industry
Media, Entertainment & Publishing
Tech Sector
MediaTech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
High
Location
PROVO, Utah
Business Type
Life Style
Company Website
Visit Website

Team

Employees
208
Prior Founder Exits?
No
Founder Name
Neal Harmon
Title
CEO
Founder Name
Jordan Harmon
Title
President
Founder Name
Jeffrey Harmon
Title
42

Financials

as of June 30, 2024
 Revenue +168% YoY
$202,000,000
 Monthly Burn
$1,237,007
 Cash on Hand
$4,400,000
View Detailed Financials Expand

Balance Sheet

Cash and Cash Equivalents

$13,044,760

Investment Securities

$0

Accounts and Notes Receivable

$20,741,529

Property, Plant and Equipment (PP&E)

$1,152,283

Property and Equipment

$1,152,283
Total Assets

$92,941,103

Accounts Payable & Accrued Liabilities

$3,169,248

Long Term Debt

$4,304,485

Total Liabilities

$67,098,823

Total Stockholders' Equity

$25,842,280
Total Liabilities and Equity

$92,941,103

Statement of Comprehensive Income Information

Total Revenues

$28,858,206

Costs & Expenses Applicable to Rev

$48,444,026

Depreciation and Amortization

$269,832
Net Income

$-14,844,084

Earnings Per Share - Basic

$-0.59

Earnings Per Share - Diluted

$-0.55
Auditor: Tanner LLC
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Company Funding & Growth

Funding history

Total Prior Capital Raised
$4,999,436
VC Backed?
No
Offering Name Close Date Platform Valuation Total Raised Security Type Status Reg Type
Angel Studios 09/10/2024 Rialto Markets $907,000,000 $20,000,000 Equity - Common Funded RegA+
Sound of Freedom 06/15/2023 Angel Funding - $4,999,436 Revenue Share 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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Angel Studios on Rialto Markets 2024
Platform: Rialto Markets
Security Type: Equity - Common
Valuation: $907,000,000
Price per Share: $30.24

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Warning: according to the close date for this deal, Angel Studios may no longer be accepting investments.

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