Argo

Argo

Early Stage

Reimagining the creator economy.

Reimagining the creator economy.

Overview

Raised this Round: Raised: $51,750

Total Commitments ($USD)

Platform

Wefunder

Start Date

04/19/2023

Close Date

04/30/2023

Min. Goal
$150,000
Max. Goal
$5,000,000
Min. Investment

$250

Security Type

SAFE

Series

Series A

SEC Filing Type

RegCF    Open SEC Filing

Early Bird Val. Cap

$27,000,000

Valuation Cap

$27,000,000

Discount

20%

Year Founded

2019

Industry

Media, Entertainment & Publishing

Tech Sector

MediaTech

Distribution Model

B2C

Margin

Low

Capital Intensity

Low

Location

Los Angeles, California

Business Type

High Growth

Argo, with a valuation of $27 million, is raising funds on Wefunder. The company has developed a Web3 streaming platform for creators and fans. The aim of the platform is to create a social ecosystem that elevates the artists, musicians, influencers, and other creators and brings a better streaming experience for the fans. Argo has more than 100,000 active users and over 100 million fan audiences through pipeline partnerships. Arcadiy Golubovich and Alexandra Williamson founded Argo in July 2019. The current crowdfunding campaign has a minimum target of $150,000 and a maximum target of $5 million. The campaign proceeds will be used for the engineering team to scale the technology platform, marketing and growth, and reserves.

Summary Profit and Loss Statement

FY 2021 FY 2020

Revenue

$10,677

$0

COGS

$99,467

$49,255

Tax

$0

$0

 

 

Net Income

$-1,554,250

$-716,070

Summary Balance Sheet

FY 2021 FY 2020

Cash

$181,585

$102,451

Accounts Receivable

$0

$0

Total Assets

$288,715

$121,442

Short-Term Debt

$96,796

$40,273

Long-Term Debt

$2,565,000

$900,000

Total Liabilities

$2,661,796

$940,273

Financials as of: 04/19/2023
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Argo on Wefunder 2023
Platform: Wefunder
Security Type: SAFE
Valuation: $27,000,000

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