About this raise
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.
Investment Overview
Invested : $120,800
Deal Terms
Total Commitments
- Platform
- Wefunder
- Start Date
- 08/12/2020
- Close Date
- 12/04/2020
$50,001
$1,070,000
$100
Equity - Common
Seed
RegCF
$1.66
$11,200,000
Company & Team
Company
- Year Founded
- 2019
- Industry
- Media, Entertainment & Publishing
- Tech Sector
- Distribution Model
- B2B/B2C
- Margin
- High
- Capital Intensity
- Low
Upgrade to gain access
-
$12.50 /month
billed annually - Free portfolio tracking, data-driven ratings, AI analysis and reports
- Plan Includes:
- Everything in Free, plus
- Company specific
Kingscrowd ratings and analyst reports
- Deal explorer and side-by-side comparison
- Startup exit and failure tracking
- Startup market filters and historical industry data
- Advanced company search ( with ratings)
- Get Edge Annual
Edge
Ratings 
Company Funding & Growth
Funding history
Growth Charts
Revenue History
Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.
Valuation History
Price per Share History
Note: Share prices shown in earlier rounds may not be indicative of any stock splits.