Crossflix Plus

Crossflix Plus

Closed: Aug. 2021

About this raise

Crossflix Plus, with a $10 million valuation cap, is raising crowdfunding on Wefunder. It is a virtual reality/3D streaming faith channel for families and churches. The channel has over 1,700 hours of video on demand and has partnered with over 10,000 churches and pastors. Alan Mehrez, Gil Ilutowich, Ilan Goldberg, and Shai Newman founded Crossflix Plus in August 2020. The proceeds of the current crowdfunding raise, with a minimum target of $50,000 and a maximum target of $1,070,000, will be used for development and marketing. Crossflix Plus offers 3D and VR courses, games, and journeys for all ages. It aims to equip churches with modern digital technology to help them reach new generations across the world.

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Investment Overview

Invested this round: $111,880

Deal Terms

Total Commitments

Platform
Wefunder
Start Date
02/01/2021
Close Date
08/31/2021
Min. Goal
$50,000
Max Goal
$1,070,000
Min. Investment

$100

Security Type

SAFE

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Early Bird Val. Cap

$8,000,000

Valuation Cap

$10,000,000

Discount

20%

Company & Team

Company

Year Founded
2020
Industry
Media, Entertainment & Publishing
Tech Sector
MediaTech
Distribution Model
B2B/B2C
Margin
Low
Capital Intensity
Low
Location
Lauderdale by the Sea, Florida
Business Type
Growth
Company Website
Visit Website

Team

Employees
6
Prior Founder Exits?
No
Founder Name
Ilan Goldberg
Title
COO
Founder Name
Gil Ilutowich
Title
CEO
Founder Name
Alan Mehrez
Title
President
Founder Name
Shai Newman
Title
CTO

Financials

 Revenue
$0
 Cash on Hand
$0

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$0

$0

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$0

$0

Accounts Receivable

$0

$0

Total Assets

$0

$0

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
08/31/2021 Wefunder $10,000,000 $111,880 SAFE Funded RegCF
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Add to portfolio
Crossflix Plus on Wefunder
Platform: Wefunder
Security Type: SAFE
Valuation: $10,000,000

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

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