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: $136,858

Total Commitments ($USD)

Platform

Wefunder

Start Date

09/13/2023

Close Date

04/29/2024

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

Active

Reporting Date

09/30/2023

Days Remaining

212

% of Min. Goal

274%

% of Max. Goal

11%

Likelihood of Max
likely
Avg. Daily Raise

$8,050

Momentum
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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: 09/13/2023
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Avenida on Wefunder 2024
Platform: Wefunder
Security Type: SAFE
Valuation: $9,000,000

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