Elo Audio

Early Stage

elo transforms company documents into collaborative audio feeds

Analytics

Raised to Date: Raised: $0

Aggregate Commitments $

Platform

Wefunder

Start Date

04/27/2022

Close Date

05/14/2022

Min. Goal

$50,000

Max. Goal

$100,000

Min. Investment

$1,000

Security Type

SAFE

Funding Type

RegCF

Series

Seed

Valuation Cap

$9,000,000

Discount Rate

0%

Rolling Commitments $

Status
Not Funded
Reporting Date

05/14/2022

Days Remaining
Not Funded
% of Min. Goal

0%

% of Max. Goal

0%

Likelihood of Max
Not Funded
Avg. Daily Raise

$0

Momentum
Not Funded
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Location

New York, New York

Industry

Business Services, Software, & Applications

Tech Sector

EnterpriseTech

Distribution Model

B2C

Margin

High

Capital Intensity

Low

Business Type

High Growth

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: 04/27/2022
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Elo Audio on Wefunder 2022
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Platform: Wefunder
Security Type: SAFE
Valuation: $9,000,000

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