Digitally Imported

Digitally Imported

Early Stage

Electronic music streaming service with a human touch

Electronic music streaming service with a human touch

Overview

Raised to Date: Raised: $396,112

Platform

Wefunder

Start Date

09/13/2017

Close Date

12/28/2017

Min. Goal
$250,000
Max. Goal
$1,000,000
Min. Investment

$100

Security Type

Equity - Common

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$1.05

Pre-Money Valuation

$12,000,000

Year Founded

2000

Industry

Media, Entertainment & Publishing

Tech Sector

MediaTech

Location

Denver, Colorado

Digitally Imported, with a valuation of $12 million, is raising funds on Wefunder. The company has launched an electronic music streaming service with a human touch. Digitally Imported has grown into a destination and lifestyle for music listeners and has something unique for every electronic music fan. The business reported a revenue of $4.5 million in 2016 with over 495,000 unique monthly listeners and has reported a 422% growth in Active Premium Subscribers since 2010. Ari Shohat founded Digitally Imported in August 2000. The current crowdfunding campaign has a minimum target of $250,000 and a maximum target of $1 million. The campaign proceeds will be used for user acquisition campaigns, brand marketing, and salaries.

Summary Profit and Loss Statement

FY 2016 FY 2015

Revenue

$4,537,235

$4,024,454

COGS

$865,918

$577,254

Tax

$0

$0

 

 

Net Income

$55,777

$48,035

Summary Balance Sheet

FY 2016 FY 2015

Cash

$689,663

$470,003

Accounts Receivable

$329,281

$516,246

Total Assets

$1,176,935

$1,216,917

Short-Term Debt

$1,474,636

$1,453,220

Long-Term Debt

$389,757

$506,932

Total Liabilities

$1,864,393

$1,960,152

Financials as of: 09/13/2017
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Digitally Imported on Wefunder 2017
Platform: Wefunder
Security Type: Equity - Common
Valuation: $12,000,000
Price per Share: $1.05

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