Bonfire

Early Stage

A platform for creators

Analytics

Raised to Date: Raised: $56,019

Aggregate Commitments $

Platform

StartEngine

Start Date

10/29/2021

Close Date

04/26/2022

Min. Goal

$9,996

Max. Goal

$1,069,998

Min. Investment

$102

Security Type

Equity - Common

Funding Type

RegCF

Series

Seed

Pre-Money Valuation

$24,000,000

Rolling Commitments $

Status

Active

Reporting Date

11/28/2021

Days Remaining

149

% of Min. Goal

560%

% of Max. Goal

5%

Likelihood of Max
unlikely
Avg. Daily Raise

$1,867

Momentum
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Location

New York, New York

Industry

Media, Entertainment & Publishing

Tech Sector

MediaTech

Distribution Model

B2B

Margin

Medium

Capital Intensity

Low

Business Type

Growth

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: 10/29/2021
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Bonfire on StartEngine 2021
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Platform: StartEngine
Security Type: Equity - Common
Valuation: $24,000,000

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