Fabulingua

Early Stage

In explosive market, story-based mobile game disrupts the way children learn languages

Analytics

Raised to Date: Raised: $0

Aggregate Commitments $

Platform

Wefunder

Start Date

09/14/2021

Close Date

04/30/2022

Min. Goal

$100,000

Max. Goal

$1,070,000

Min. Investment

$100

Security Type

SAFE

Funding Type

RegCF

Series

Seed

Valuation Cap

$7,500,000

Discount Rate

10%

Rolling Commitments $

Status

Active

Reporting Date

09/22/2021

Days Remaining

220

% of Min. Goal

0%

% of Max. Goal

0%

Likelihood of Max
unlikely
Avg. Daily Raise

$0

Momentum
cold
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Location

Austin, Texas

Industry

Education, Training, & Coaching

Tech Sector

EdTech

Distribution Model

B2C

Margin

High

Capital Intensity

Low

Business Type

Growth

Fabulingua, with a valuation of $7.5 million, is raising funds on Wefunder. The company has developed a story-based mobile game that helps children learn new languages. The app is easily accessible at low cost, comes with fresh and interactive stories and games, and develops fluency efficiently and naturally. Fabulingua has reported 80,000 downloads in 18 months, of which 75% of the trials have converted to paying subscribers. Mark Begert and Leslie Begert founded Fabulingua in September 2017. The current crowdfunding campaign has a minimum target of $100,000 and a maximum target of $1,070,000. The campaign proceeds will be used for product development, marketing support, and general corporate expenses.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$7,481

$9

COGS

$2,850

$5

Tax

$0

$0

 

 

Net Income

$-504,177

$-710,711

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$66,801

$309,693

Accounts Receivable

$1,599

$59

Total Assets

$78,931

$304,778

Short-Term Debt

$64,702

$49,592

Long-Term Debt

$448,781

$375,611

Total Liabilities

$513,483

$425,203

Financials as of: 09/14/2021
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