festivalPass

Early Stage

The 1st live event subscription marketplace across music, film, food and wine

Analytics

Raised to Date: Raised: $120,800

Aggregate Commitments $

Platform

Wefunder

Start Date

08/12/2020

Close Date

12/04/2020

Min. Goal

$50,001

Max. Goal

$1,070,000

Min. Investment

$100

Security Type

Equity - Common

Funding Type

RegCF

Series

Seed

Price Per Share

$1.66

Pre-Money Valuation

$11,200,000

Rolling Commitments $

Status
Funded
Reporting Date

12/31/2020

Days Remaining
Funded
% of Min. Goal

242%

% of Max. Goal

11%

Likelihood of Max
Funded
Avg. Daily Raise

$1,060

# of Investors

52

Momentum
Funded
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Location

New York, New York

Industry

Media, Entertainment & Publishing

Tech Sector

MarketplaceTech

Distribution Model

B2B/B2C

Margin

High

Capital Intensity

Low

Business Type

Growth

festivalPass, with a pre-money valuation of $11.2 million, is raising crowdfunding on Wefunder. It is a live event subscription marketplace across music, film, food, and wine festivals. The platform allows festival-goers from around the world to join millions of other fans for a monthly fee. Edward Vincent founded festivalPass in 2019 and has raised over $1.4 million since its inception. The current crowdfunding round has a minimum raise of $50,001 and a maximum raise of $1,070,000, and the funds will be used for product development, marketing, and hiring business development staff. festivalPass works on a credit-based gross margin positive business model on every transaction, generating recurring revenue.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$1,184

$0

COGS

$2,256

$0

Tax

$0

$0

 

 

Net Income

$-125,125

$0

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$-125

$0

Accounts Receivable

$0

$0

Total Assets

$-125

$0

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0

Financials as of: 08/12/2020
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
festivalPass 09/21/2021 StartEngine $20,000,000 $85,483 Equity - Common Funded RegCF
festivalPass 12/04/2020 Wefunder $11,200,000 $120,800 Equity - Common Funded RegCF
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festivalPass on Wefunder
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Platform: Wefunder
Security Type: Equity - Common
Valuation: $11,200,000
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