Decibel
Early Stage
Create + launch audio ads in minutes
Overview
Raised: $85,634
Total Commitments ($USD)
Platform
Wefunder
Start Date
01/11/2022
Close Date
Not Provided
Min. Goal
$50,000
Max. Goal
$113,000
Min. Investment
$100
Security Type
SAFE
Series
Seed
SEC Filing Type
RegCF
Valuation Cap
$5,500,000
Discount
0%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
03/30/2022
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$1,381
# of Investors
42
Momentum
Funded
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Year Founded
2021
Industry
Marketing & Advertising
Tech Sector
AdTech
Distribution Model
B2B
Margin
Low
Capital Intensity
Low
Decibel, with a valuation of $5.5 million, is raising funds on Wefunder. The company has developed a platform that enables users to create and launch audio ads in minutes. It is a DIY audio ad buying platform that helps people create, target, and launch their audio ads across platforms like Spotify, Pandora, Podcasts, and Digital Radio. Decibel has over 300 users, including Slice, US Airline, Compass, and YC Companies. Jeromy Sonne founded Decibel in February 2021. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $113,000. The campaign proceeds will be used for salaries for the existing team.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$315,591 |
$0 |
|
COGS |
$269,867 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-353,772 |
$0 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$303,909 |
$0 |
|
Accounts Receivable |
$51,269 |
$0 |
|
Total Assets |
$356,178 |
$0 |
|
Short-Term Debt |
$284,875 |
$0 |
|
Long-Term Debt |
$424,995 |
$0 |
|
Total Liabilities |
$709,870 |
$0 |
Financials as of: 01/11/2022
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