BuzzCast, Inc.

BuzzCast, Inc.

Early Stage

Powering the world’s largest, most buzzworthy virtual and hybrid events

Powering the world’s largest, most buzzworthy virtual and hybrid events

Overview

Raised to Date: Raised: $0

Total Commitments ($USD)

Platform

Republic

Start Date

07/18/2022

Close Date

10/17/2022

Min. Goal
$25,000
Max. Goal
$1,070,000
Min. Investment

$150

Security Type

SAFE

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$18,000,000

Discount

0%

Rolling Commitments ($USD)

Status
Not Funded
Reporting Date

10/17/2022

Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise

$0

Momentum
Not Funded
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Year Founded

2020

Industry

Media, Entertainment & Publishing

Tech Sector

MediaTech

Distribution Model

B2B

Margin

High

Capital Intensity

Low

Location

Eden, Utah

Business Type

High Growth

BuzzCast, with a valuation of $18 million, is raising funds on Republic. The company has developed a premium platform for producers with enterprise businesses in mind. The platform is built on AWS Serverless technology and has prioritized stability and scale. BuzzCast is able to deliver broadcast-quality streaming and has customization capabilities. The company has generated $1.65 million in revenue since its launch and has an established client base, including Uber, Carnival, and Shiseido. Ryan Byrne, Luke Peterson, and Matthias Thoemmes founded BuzzCast in December 2020. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $1,070,000. The campaign proceeds will be used for innovation, growth, and expansion.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$704,019

$851,740

COGS

$252,099

$235,016

Tax

$0

$0

 

 

Net Income

$-1,632,590

$308,140

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$925,881

$0

Accounts Receivable

$0

$0

Total Assets

$2,219,763

$359,527

Short-Term Debt

$318,778

$51,387

Long-Term Debt

$2,086

$0

Total Liabilities

$320,864

$51,387

Financials as of: 07/18/2022
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BuzzCast, a virtual event platform for enterprise businesses, is riding a strong trend of remote work. But while its market opportunity is massive, it’s struggling to set itself apart from the competition.

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BuzzCast on Republic 2022
Platform: Republic
Security Type: SAFE
Valuation: $18,000,000

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