Avenida Entertainment Group Inc.
About this raise
Avenida Entertainment Group, Inc., with a valuation of $9M, is raising funds on Wefunder. The company is launching A+, an English-language streaming platform specifically for US Latinos. Avenida aims to address the significant gap in representation by creating an integrated ecosystem where Latino filmmakers can crowdfund for their projects, co-produce them, and then stream them directly to Latino audiences. The company has already achieved a nearly 90% success rate on their crowdfunding platform, raising over $1 million across 74 projects. Fanny Grande and Nelson Grande co-founded Avenida Entertainment Group, Inc. The specific founding year was not mentioned in the provided content. The current crowdfunding campaign does not specify a minimum or maximum target. The campaign proceeds will be used to launch and scale A+, with the ambition to become profitable 12 months post-launch.
Investment Overview
Invested : $139,858
Deal Terms
Total Commitments
- Platform
- Wefunder
- Start Date
- 09/13/2023
- Close Date
- 02/05/2024
$50,000
$1,235,000
$100
SAFE
Series A
RegCF
$9,000,000
0%
Company & Team
Company
- Year Founded
- 2023
- Industry
- Media, Entertainment & Publishing
- Tech Sector
- Distribution Model
- B2B2C
- Margin
- High
- Capital Intensity
- High
Financials
- Revenue +67% YoY
- $242,988
- Monthly Burn
- $44,187
-
Runway
- 0 months
- Gross Margin
- 77%
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $700,000
- VC Backed?
- No
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 02/05/2024 | Wefunder | $9,000,000 | $139,858 | SAFE | Funded | RegCF |
Founder Interview
Hollywood's New Avenue: Avenida's Latino Wave
The Latino community is underrepresented in American movies and series. Latinos born in the United States are not seeing their realities on the screen. To bring more diversity to the Latino public, Fanny Grande and her husband, Nelson Grande, are launching their streaming platform. We contacted Fanny to understand how her long experience in the movie industry helped her identify the problem and build a solution consumers will want.