Argo
Early Stage
Reimagining the creator economy.
Overview
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
Early Bird Val. Cap
$27,000,000
Valuation Cap
$27,000,000
Discount
20%
Rolling Commitments ($USD)
Status
Not Funded
Reporting Date
04/30/2023
Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise
$5,175
# of Investors
5
Momentum
Not Funded
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Year Founded
2019
Industry
Media, Entertainment & Publishing
Tech Sector
MediaTech
Distribution Model
B2C
Margin
Low
Capital Intensity
Low
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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