audiobridge

Early Stage

Next-generation mobile music recording & collaboration platform for everyone

Analytics

Raised to Date: Raised: $60,180

Aggregate Commitments $

Platform

Wefunder

Start Date

07/24/2020

Close Date

11/26/2021

Min. Goal

$50,000

Max. Goal

$250,000

Min. Investment

$100

Security Type

SAFE

Funding Type

RegCF

Series

Seed

Valuation Cap

$7,250,000

Discount Rate

18%

Rolling Commitments $

Status
Funded
Reporting Date

11/28/2021

Days Remaining
Funded
% of Min. Goal

120%

% of Max. Goal

24%

Likelihood of Max
Funded
Avg. Daily Raise

$123

Momentum
Funded
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Location

Walnut Creek, California

Industry

Media, Entertainment & Publishing

Tech Sector

MediaTech

Distribution Model

B2C

Margin

Low

Capital Intensity

Low

Business Type

Growth

audiobridge, with a valuation cap of $7.5 million, is raising crowdfunding on Wefunder. The company is building a simple and powerful audio creation tool where users can record full professional songs and collaborate with anyone. It is a mobile music recording platform for the next generation of music-making. audiobridge was founded by Matt Miller in 2019 and has raised over $570,000 since its inception. The proceeds of the current crowdfunding campaign, with a minimum raise of $50,000 and a maximum raise of $250,000, will be used for technology development, business development, marketing, advertising, and overheads. audiobridge is available for free on iOS and has reported continuous month-over-month growth for the past 18 months.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$619

$100

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-358,003

$-125,198

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$61,919

$27,862

Accounts Receivable

$20,000

$0

Total Assets

$81,919

$27,862

Short-Term Debt

$14,621

$3,060

Long-Term Debt

$0

$0

Total Liabilities

$14,621

$3,060

Financials as of: 07/24/2020
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audiobridge on Wefunder
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Platform: Wefunder
Security Type: SAFE
Valuation: $7,250,000

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