Frequency Machine

Frequency Machine

Early Stage

A travel app for podcast guides and personal advice from local experts

A travel app for podcast guides and personal advice from local experts

Overview

Raised this Round: Raised: $45,522

Total Commitments ($USD)

Platform

Republic

Start Date

06/06/2022

Close Date

10/12/2022

Min. Goal
$25,000
Max. Goal
$1,070,000
Min. Investment

$100

Security Type

SAFE

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$20,000,000

Discount

15%

Year Founded

2018

Industry

Travel and Hospitality

Tech Sector

EnterpriseTech

Distribution Model

B2C

Margin

Low

Capital Intensity

Low

Location

Beverly Hills, California

Business Type

High Growth

Frequency Machine, with a valuation of $20 million, is raising funds on Republic. The company has developed a travel app that provides podcast guides and personal travel advice from local experts. The app is called CERCA and is putting the world’s best trade guide on the users’ phones. CERCA Podcasts and CERCA Concierge together function as a friend to ask travel questions wherever users are in the world. Frequency Machine is led by an experienced team and has partnered with Audible, Vox Media, Headspace, and Jodie Foster. Stacey Book, Avi Glijansky, and Dominique Ferrari founded Frequency Machine in March 2018. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $1,070,000. The campaign proceeds will be used for operations and app development, podcast production, and content design.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$55,401

$182,968

COGS

$84,600

$177,684

Tax

$0

$0

 

 

Net Income

$-203,066

$-103,864

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$458,516

$253,662

Accounts Receivable

$0

$0

Total Assets

$458,516

$256,205

Short-Term Debt

$145

$768

Long-Term Debt

$116,787

$110,787

Total Liabilities

$116,932

$111,555

Financials as of: 06/06/2022
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Frequency Machine on Republic 2022
Platform: Republic
Security Type: SAFE
Valuation: $20,000,000

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Follow Frequency Machine on Republic 2022

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Warning: according to the close date for this deal, Frequency Machine may no longer be accepting investments.

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