About this raise

Called Higher Studios, with a valuation of $9.03 million, is raising funds on StartEngine. The faith-based movie studio makes movies that matter. Called Higher Studios creates movies that honor God’s values and Christian faith. The studio aims to create high-quality films and television content centered around Christ, with its first film, Camp Hideout, set to hit theatres nationwide on September 15, 2023. Jason Brown and Ash Greyson founded Called Higher Studios in June 2019. The current crowdfunding campaign has a minimum target of $14,999.10 and a maximum target of $1.99 million. The campaign proceeds will be used for marketing, working capital, and overhead expenses.

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Investment Overview

Invested this round: $625,826

Deal Terms

Total Commitments

Platform
StartEngine
Start Date
08/18/2023
Close Date
09/15/2023
Min. Goal
$14,999
Max Goal
$1,999,996
Min. Investment

$150

Security Type

Equity - Common

Series

Series A

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$2.55

Pre-Money Valuation

$9,025,659

Company & Team

Company

Year Founded
2019
Industry
Media, Entertainment & Publishing
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
High
Location
Franklin, Tennessee
Business Type
Growth
Company Website
Visit Website

Team

Employees
3
Prior Founder Exits?
No
Founder Name
Jason Brown
Title
CEO
Founder Name
Ash Greyson
Title
Co-Founder

Financials

as of Fiscal Year 2022
 Revenue
$2,115,064
 Monthly Burn
$23,126
 Runway
8.2 months
Gross Margin
2%

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$2,115,064

$48,904

COGS

$2,069,034

$48,150

Tax

$0

$0

 

 

Net Income

$-277,513

$-514,564

Summary Balance Sheet

FY 2022 FY 2021

Cash

$188,704

$453,205

Accounts Receivable

$0

$0

Total Assets

$622,313

$2,582,779

Short-Term Debt

$172

$20,393

Long-Term Debt

$0

$0

Total Liabilities

$172

$20,393

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$2,630,000
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
04/07/2024 Wefunder - $34,970 Revenue Share Funded RegCF
09/15/2023 StartEngine $9,025,659 $625,826 Equity - Common Funded RegCF
04/16/2023 Wefunder $18,014,776 $599,610 Equity - Common Funded RegCF
07/01/2021 StartEngine $10,300,000 $869,263 Equity - Common Funded RegA+
03/31/2020 StartEngine $1,730,000 $1,069,991 Equity - Common Funded RegCF
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Growth Charts

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Valuation History

Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Employee History

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Add to portfolio
Called Higher Studios on StartEngine 2023
Platform: StartEngine
Security Type: Equity - Common
Valuation: $9,025,659
Price per Share: $2.55

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Follow Called Higher Studios on StartEngine 2023

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

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