Avenida Entertainment Group Inc.

Avenida Entertainment Group Inc.

Early Stage

English-language streamer for US Latinos

English-language streamer for US Latinos

Overview

Raised to Date: Raised: $139,858

Total Commitments ($USD)

Platform

Wefunder

Start Date

09/12/2023

Close Date

02/05/2024

Min. Goal
$50,000
Max. Goal
$1,235,000
Min. Investment

$100

Security Type

SAFE

Series

Series A

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$9,000,000

Discount

0%

Rolling Commitments ($USD)

Status
Funded
Reporting Date

02/28/2024

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$965

# of Investors

164

Momentum
Funded
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Year Founded

2023

Industry

Media, Entertainment & Publishing

Tech Sector

Non-Tech

Distribution Model

B2B2C

Margin

High

Capital Intensity

High

Location

Los Angeles, California

Business Type

Growth

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.

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$242,988

$145,674

COGS

$55,045

$116,381

Tax

$0

$0

 

 

Net Income

$-530,243

$-470,239

Summary Balance Sheet

FY 2022 FY 2021

Cash

$922

$132,447

Accounts Receivable

$0

$0

Total Assets

$103,802

$237,189

Short-Term Debt

$678,222

$56,405

Long-Term Debt

$499,931

$777,573

Total Liabilities

$1,178,153

$833,978

Financials as of: 09/12/2023
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Founder Profile

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.


Read Founder Interview

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Avenida on Wefunder 2024
Platform: Wefunder
Security Type: SAFE
Valuation: $9,000,000

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