Cultos

Early Stage

The Web3 platform where fans earn rewards for brand loyalty

Analytics

Raised to Date: Raised: $5,000,000

Aggregate Commitments $

Platform

Republic

Start Date

04/04/2022

Close Date

04/29/2022

Min. Goal

$25,000

Max. Goal

$5,000,000

Min. Investment

$100

Security Type

Debt

Funding Type

RegCF

Series

Seed

Rolling Commitments $

Status
Funded
Reporting Date

05/01/2022

Days Remaining
Funded
% of Min. Goal

20,000%

% of Max. Goal

100%

Likelihood of Max
Funded
Avg. Daily Raise

$200,000

Momentum
Funded
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Location

San Francisco, California

Industry

Marketing & Advertising

Tech Sector

AdTech

Distribution Model

B2B

Margin

High

Capital Intensity

High

Business Type

High Growth

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: 04/04/2022
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Cultos on Republic 2022
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Platform: Republic
Security Type: Debt

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