Fanera
Early Stage
First social network for football that unites fans. TikTok for football
Analytics
Raised: $284,110
Aggregate Commitments $
Platform
Wefunder
Start Date
06/24/2021
Close Date
04/30/2023
Min. Goal
$450,000
Max. Goal
$1,000,000
Min. Investment
$100
Security Type
Convertible Note
Funding Type
RegCF
Series
Seed
Valuation Cap
$4,500,000
Discount Rate
0%
Rolling Commitments $
Status
Active
Reporting Date
07/03/2022
Days Remaining
301
% of Min. Goal
63%
% of Max. Goal
28%
Likelihood of Max
Avg. Daily Raise
$760
Momentum
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Location
Katy, Texas
Industry
Media, Entertainment & Publishing
Tech Sector
GamingTech
Distribution Model
B2C
Margin
Medium
Capital Intensity
Low
Fanera, with a valuation cap of $4.5 million, is raising crowdfunding on Wefunder. The company has developed the first social network for football fans. The platform connects fans with the global football community, football clubs, football influencers, and brands in one place. Mohamed Zaid, Ash Abumaraq, and Mo Barhoush founded Fanera in August 2018. The current crowdfunding round has a minimum raise of $320,000 and a maximum raise of $1,000,000, and the funds will be used for marketing and sales, growing the team, and research and development. Fanera is preparing to become the official app of the Football World Cup 2022. It has over 200,000 downloads, more than 3.5 million monthly interactions, and over 70,000 fan-published content.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$46,500 |
$17,450 |
|
COGS |
$0 |
$0 |
|
Tax |
$1,700 |
$0 |
| ||
| ||
|
Net Income |
$-55,580 |
$29,760 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$75,380 |
$22,760 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$181,420 |
$97,000 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$150,000 |
$50,000 |
|
Total Liabilities |
$150,000 |
$50,000 |
Financials as of: 06/24/2021
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