BitMovio

BitMovio

Closed: Mar. 2020

About this raise

BitMovio, with a post-money valuation of $6.96 million, is raising funds on NetCapital. The BitMovio platform offers gamified video entertainment to next-generation users. The platform changes the way how content creators are paid, how content creators and users interact, and how attention is rewarded. The company follows a freemium business model. BitMovio was founded by Simon Zhu, Jerry Kowal, and Riz Virk in 2018 and has raised $1.2 million since its inception. The current crowdfunding round has a minimum raise of $10,000 and a maximum raise of $500,001, and the proceeds will be used for research & development, marketing, user acquisition, content funding & partnership, and admin and operational expenses. BitMovio already has over 300 content creators and more than 14,000 registered users, with over 6,500 hours of content on the platform.

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Investment Overview

Not Funded: $0

Deal Terms

Total Commitments ($USD)

Platform
Netcapital
Start Date
11/18/2019
Close Date
03/02/2020
Min. Goal
$10,002
Max Goal
$500,001
Min. Investment

$101

Security Type

Equity - Common

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$2.60

Pre-Money Valuation

$6,461,975

Company & Team

Company

Year Founded
2018
Industry
Media, Entertainment & Publishing
Tech Sector
Location
Palo Alto, California
Company Website
Visit Website

Team

Employees
4

Funding data not publicly available

Financials

Financials are not currently available for this company. This may occur if the company is still Testing the Waters, is a Regulation D offering, or if the financials are still under review and being confirmed by our team. For Reg CF and Reg A+ raises, please check back later.

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
03/02/2020 Netcapital $6,461,975 $0 Equity - Common Not Funded RegCF
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Add to portfolio
BitMovio on Netcapital
Platform: Netcapital
Security Type: Equity - Common
Valuation: $6,461,975
Price per Share: $2.60

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Warning: according to the close date for this deal, BitMovio may no longer be accepting investments.

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