Elo Audio
Early Stage
elo transforms company documents into collaborative audio feeds
Overview
Raised: $0
Total Commitments ($USD)
Platform
Wefunder
Start Date
04/26/2022
Close Date
05/14/2022
Min. Goal
$50,000
Max. Goal
$100,000
Min. Investment
$1,000
Security Type
SAFE
Series
Seed
SEC Filing Type
RegCF
Valuation Cap
$9,000,000
Discount
0%
Rolling Commitments ($USD)
Status
Not Funded
Reporting Date
05/13/2022
Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise
$0
Momentum
Not Funded
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Year Founded
2021
Industry
Business Services, Software, & Applications
Tech Sector
EnterpriseTech
Distribution Model
B2C
Margin
High
Capital Intensity
Low
Elo Audio, with a valuation of $9 million, is raising funds on Wefunder. The company has developed a solution to transform work documents, articles, and emails into audio. The audio playlists created by Elo Audio are safe and secure, can be shared, and save time. The playlists also come with features to listen in multiple languages and enable better team management. Elo Audio has over 100,000 registered users and has a $2,000 MRR. Sabina Khilnani and Alexis Botaya founded Elo Audio in September 2021. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $100,000. The campaign proceeds will be used for hiring full-time developers.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$29,480 |
$3,228 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-522,221 |
$-360,816 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$20,036 |
$144,085 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$378,875 |
$525,579 |
|
Short-Term Debt |
$127,716 |
$29,215 |
|
Long-Term Debt |
$510,159 |
$233,143 |
|
Total Liabilities |
$637,875 |
$262,358 |
Financials as of: 04/26/2022
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