Frequency Machine
Early Stage
A travel app for podcast guides and personal advice from local experts
Overview
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
Valuation Cap
$20,000,000
Discount
15%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
10/30/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$358
# of Investors
84
Momentum
Funded
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Year Founded
2018
Industry
Travel and Hospitality
Tech Sector
EnterpriseTech
Distribution Model
B2C
Margin
Low
Capital Intensity
Low
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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