ComicBlitz
About this raise
ComicBlitz, with a valuation of $5 million, is raising funds on Wefunder. The company has developed an all-you-can-read platform for thousands of comics. ComicBlitz works as Netflix for comics and has signed 29 licensing deals with content providers. The platform has 5,500 registered users and reported a 200% growth in current subscribers for 2016 and a 177% increase in monthly page reads. Jordan Plosky founded ComicBlitz in March 2014. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1 million. The campaign proceeds will be used for licensing premier content, customer acquisition, technology development, salaries, and marketing.
Investment Overview
Invested : $87,810
Deal Terms
- Platform
- Wefunder
- Start Date
- 02/08/2017
- Close Date
- 05/01/2017
$50,000
$1,000,000
$100
SAFE
Early Stage
RegCF
$5,000,000
0%
Company & Team
Company
- Year Founded
- 2014
- Industry
- Media, Entertainment & Publishing
- Tech Sector
- Location
- Los Angeles, California
- Company Website
-
Visit Website
Team
Financials
-
Revenue
-
$0
as of FY2016
- Monthly Burn
-
$10,319
as of FY2016
-
Runway
-
1.2 months
as of FY2016
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Company Funding & Growth
Funding history
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 05/01/2017 | Wefunder | $5,000,000 | $87,810 | SAFE | Funded | RegCF |