Fluent Forever
Neuroscience-based language learning app.
Analytics
Raised: $237,608
Aggregate Commitments $
Platform
Republic
Start Date
07/07/2022
Close Date
10/14/2022
Min. Goal
$25,000
Max. Goal
$5,000,000
Min. Investment
$150
Security Type
SAFE
Funding Type
RegCF
Series
Seed
Valuation Cap
$35,000,000
Discount Rate
10%
Rolling Commitments $
Status
Active
Reporting Date
08/17/2022
Days Remaining
58
% of Min. Goal
950%
% of Max. Goal
5%
Likelihood of Max
Avg. Daily Raise
$5,795
Momentum
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Location
Chicago, Illinois
Industry
Education, Training, & Coaching
Tech Sector
EdTech
Distribution Model
B2C
Margin
High
Capital Intensity
Low
Fluent Forever, with a valuation of $35 million, is raising funds on Republic. The company uses a personalized and effective approach to help people learn languages. The business builds fluency in languages with its ear training, spaced repetition algorithm, intelligent word groupings, customized flashcards, and personalized content. Fluent Forever’s app and coaching are based on neuroscience and allow people to remember a language long-term. Gabriel Wyner founded Fluent Forever in April 2018. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $5,000,000. The campaign proceeds will be used to expand to more languages, expand the marketing efforts, find distribution partners, and achieve growth.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$1,870,617 |
$1,093,166 |
|
COGS |
$375,641 |
$223,815 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-2,174,548 |
$-1,845,193 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$876,705 |
$1,864,192 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$1,713,985 |
$2,678,165 |
|
Short-Term Debt |
$658,362 |
$523,734 |
|
Long-Term Debt |
$232,166 |
$337,839 |
|
Total Liabilities |
$890,528 |
$861,573 |
Financials as of: 07/07/2022
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Analyst Report
Pending Review