Bonfire
Early Stage
A platform for creators
Overview
Raised: $57,094
Total Commitments ($USD)
Platform
StartEngine
Start Date
10/28/2021
Close Date
04/26/2022
Min. Goal
$9,996
Max. Goal
$1,069,998
Min. Investment
$102
Security Type
Equity - Common
Series
Seed
SEC Filing Type
RegCF
Price Per Share
$6.00
Pre-Money Valuation
$24,000,000
Rolling Commitments ($USD)
Status
Funded
Reporting Date
04/30/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$319
# of Investors
53
Momentum
Funded
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Year Founded
2018
Industry
Media, Entertainment & Publishing
Tech Sector
MediaTech
Distribution Model
B2B
Margin
Medium
Capital Intensity
Low
Bonfire, with a valuation of $24 million, is raising funds on StartEngine. The company has developed a platform that connects micro-influencers with their fans and increases their cash flow. The platform brings people together based on their interests and connects them with its engagement features. Bonfire has an industry-high referral rate with a virality coefficient of four and a user acquisition to revenue ratio of 1:9. Hugo Pakula founded Bonfire in May 2018. The current crowdfunding campaign has a minimum target of $9,996 and a maximum target of $1,069,998. The campaign proceeds will be used to revolutionize content and subscription monetization.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-178,014 |
$5,023 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$175,888 |
$5,400 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$215,912 |
$5,400 |
|
Short-Term Debt |
$26 |
$0 |
|
Long-Term Debt |
$388,500 |
$0 |
|
Total Liabilities |
$388,526 |
$0 |
Financials as of: 10/28/2021
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