Bula Technologies

Bula Technologies

Closed: Apr. 2023

About this raise

Bula Technologies, with a valuation of $12.5 million, is raising funds on Wefunder. The company has developed a platform for users to dare or challenge their friends to anything, anytime, and anywhere. The social challenge app of Bula Technologies, Bula, tracks challenges from start to end, allows people to compete for glory and prizes, and shares their stories for the world to see. Bula uses advanced technology and is the first platform to engage all challengers and viewers. Jack Booty, Josh Booty, and Michael Caplovitz founded Bula Technologies in January 2021. The current crowdfunding campaign has a minimum target of $250,000 and a maximum target of $500,000. The campaign proceeds will be used for development, marketing, team salaries, travel, and other expenses.

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Investment Overview

Invested this round: $328,300

Deal Terms

Total Commitments

Platform
Wefunder
Start Date
08/01/2022
Close Date
04/30/2023
Min. Goal
$250,000
Max Goal
$500,000
Min. Investment

$100

Security Type

SAFE

Company Stage

Early Stage

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$12,500,000

Discount

0%

Company & Team

Company

Year Founded
2021
Industry
Media, Entertainment & Publishing
Tech Sector
MediaTech
Distribution Model
B2C
Margin
High
Capital Intensity
Low
Location
Miami Beach, Florida
Business Type
High Growth
Company Website
Visit Website

Team

Employees
3
Prior Founder Exits?
No
Founder Name
Jack Booty
Title
CEO
Founder Name
Josh Booty
Title
Secretary

Financials

 Revenue
$0
 Monthly Burn
$19,157
 Runway
24+ months

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-229,889

$0

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$471,281

$0

Accounts Receivable

$0

$0

Total Assets

$744,701

$0

Short-Term Debt

$24,500

$0

Long-Term Debt

$0

$0

Total Liabilities

$24,500

$0

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$1,362,500
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
04/30/2023 Wefunder $12,500,000 $328,300 SAFE Funded RegCF
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Add to portfolio
Bula Technologies on Wefunder 2022
Platform: Wefunder
Security Type: SAFE
Valuation: $12,500,000

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Follow Bula Technologies on Wefunder 2022

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

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