Cultos
The Web3 platform where fans earn rewards for brand loyalty
Overview
Raised: $5,000,000
Total Commitments ($USD)
Platform
Republic
Start Date
04/03/2022
Close Date
04/29/2022
Min. Goal
$25,000
Max. Goal
$5,000,000
Min. Investment
$100
Security Type
Debt
Series
Seed
SEC Filing Type
RegCF
Rolling Commitments ($USD)
Status
Funded
Reporting Date
04/30/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$200,000
# of Investors
3,813
Momentum
Funded
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Year Founded
2016
Industry
Marketing & Advertising
Tech Sector
AdTech
Distribution Model
B2B
Margin
High
Capital Intensity
High
Cultos is raising funds on Republic. The company has developed a Web3 rewards platform where fans earn rewards for brand loyalty. The platform provides tools for the brands to create their own token and set up reward systems, and converts passive consumers into active nano-influencers. Cultos is built on Polygon with ERC-20 compatibility and has launched with NBA Team San Antonio Spurs. Thanasi Karachotzitis, Andrew Yang, and Jeong Park founded Cultos in October 2016. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $5,000,000. The campaign proceeds will be used for growth and expansion.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$8,783 |
$113,603 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-538,596 |
$-239,308 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$200,721 |
$39,363 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$1,633,115 |
$821,497 |
|
Short-Term Debt |
$17,660 |
$97,572 |
|
Long-Term Debt |
$277,951 |
$900,000 |
|
Total Liabilities |
$295,611 |
$997,572 |
Financials as of: 04/03/2022
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