Discotech
About this raise
Discotech, with a valuation of $6 million, is raising funds on Wefunder. The company has developed a platform to list over 1,000 nightlife venues. Discotech works as an OpenTable for venues in 50 cities and has partnerships with multiple clubs, concert venues, and music festivals. The platform has over $7 million in gross revenue and reported a 60% year-over-year growth in revenue in Q4 2019. Ian Chen, Mark Wu, and Ian Bushong founded Discotech in October 2013. The current crowdfunding campaign has a minimum target of $100,000 and a maximum target of $1 million. The campaign proceeds will be used for hiring software developers and business development employees, customer acquisition, and marketing.
Investment Overview
Invested : $126,788
Deal Terms
- Platform
- Wefunder
- Start Date
- 08/10/2016
- Close Date
- 10/17/2016
$100,000
$1,000,000
$100
SAFE
Early Stage
RegCF
$5,000,000
$6,000,000
20%
Company & Team
Company
- Year Founded
- 2013
- Industry
- Media, Entertainment & Publishing
- Tech Sector
- Location
- Los Angeles, California
- Company Website
-
Visit Website
Team
Financials
-
Revenue
-
$0
as of FY2015
- Monthly Burn
-
$6,991
as of FY2015
-
Runway
-
9.4 months
as of FY2015
- Gross Margin
-
86%
as of FY2015
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Company Funding & Growth
Funding history
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 10/17/2016 | Wefunder | $6,000,000 | $126,788 | SAFE | Funded | RegCF |