Dare

Dare

Testing the Waters
Early Stage

Social media app centered around dares anticipating the launch of a new version of its mobile app in Q3 2020

Social media app centered around dares anticipating the launch of a new version of its mobile app in Q3 2020

Overview

Raised to Date: Raised: $140,186

Total Commitments ($USD)

Platform

Microventures

Start Date

09/10/2020

Close Date

Testing the Waters

Min. Goal
Funded
Max. Goal
Funded
Min. Investment

$100

Security Type

Convertible Note

Series

Pre-Seed

SEC Filing Type

Test the Waters / RegCF    Open SEC Filing

Valuation Cap

$5,000,000

Discount

20%

Rolling Commitments ($USD)

Status
Funded
Reporting Date

12/08/2020

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$1,575

# of Reservations

252

Momentum
Funded
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Year Founded

2018

Industry

Media, Entertainment & Publishing

Tech Sector

MediaTech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

Low

Location

Venice, California

Business Type

Growth

Dare, with a valuation cap of $5 million, is raising crowdfunding on MicroVentures. It is a social media platform that revolves around the idea of dares. The users get to interact with their friends and strangers, give them dares to complete, and complete dares given to them. Dare has also introduced dynamic AR avatars. Edvard Erken Hoili and Maria Erken Hoili founded Dare in June 2020. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $250,000. The proceeds will be used for general marketing, future wages, research and development, and general working capital. Dare plans to launch the new version of its mobile app in the third quarter of 2020. The previous version of Dare achieved over 12,000 downloads.
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Dare 04/20/2021 Microventures $5,000,000 $0 Convertible Note Not Funded RegCF
Dare 12/08/2020 Microventures $5,000,000 $140,186 Convertible Note Funded Test the Waters / RegCF
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Dare on MicroVentures
Platform: Microventures
Security Type: Convertible Note
Valuation: $5,000,000

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