Called Higher Studios
Early Stage
Faith & Family-Based Entertainment
Overview
Raised: $599,610
Total Commitments ($USD)
Platform
Wefunder
Start Date
10/19/2021
Close Date
04/16/2023
Min. Goal
$50,002
Max. Goal
$4,999,996
Min. Investment
$100
Security Type
Equity - Common
Series
Seed
SEC Filing Type
RegCF
Price Per Share
$6.10
Early Bird Valuation
$9,007,388
Pre-Money Valuation
$18,014,776
Rolling Commitments ($USD)
Status
Funded
Reporting Date
04/30/2023
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$1,102
# of Investors
1,404
Momentum
Funded
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Year Founded
2019
Industry
Media, Entertainment & Publishing
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
High
Called Higher Studios, with a valuation of $18 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. The studio has already sold its first film, Camp Hideout. Jason Brown and Ash Greyson founded Called Higher Studios in June 2019. The current crowdfunding campaign has a minimum target of $50,002 and a maximum target of $4,999,996. The campaign proceeds will be used for marketing, future projects, project development, line extensions, company payroll, and working capital.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$2,942 |
$0 |
|
COGS |
$7,302 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-601,815 |
$-52,740 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$225,522 |
$38,156 |
|
Accounts Receivable |
$30,300 |
$0 |
|
Total Assets |
$499,564 |
$114,650 |
|
Short-Term Debt |
$11,633 |
$2,502 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$11,633 |
$2,502 |
Financials as of: 10/19/2021
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Raise History
| Offering Name | Close Date | Platform | Valuation/Cap | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|---|
| Called Higher Studios | 09/15/2023 | StartEngine | $9,025,659 | $625,826 | Equity - Common | Funded | RegCF |
| Called Higher Studios | 04/16/2023 | Wefunder | $18,014,776 | $599,610 | Equity - Common | Funded | RegCF |
| Called Higher Studios | 07/01/2021 | StartEngine | $10,300,000 | $869,263 | Equity - Common | Funded | RegA+ |
| Called Higher Studios | 03/31/2020 | StartEngine | $1,730,000 | $1,069,991 | Equity - Common | Funded | RegCF |
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