Overview
Raised: $808,055
Total Commitments ($USD)
Platform
Venture Capital Cross
Start Date
07/19/2023
Close Date
12/31/2023
Min. Goal
$500,000
Max. Goal
$4,999,500
Min. Investment
$330
Security Type
Equity - Common
Series
Series A
SEC Filing Type
RegCF
Price Per Share
$33.00
Pre-Money Valuation
$250,876,725
Rolling Commitments ($USD)
Status
Active
Reporting Date
11/30/2023
Days Remaining
31
% of Min. Goal
162%
% of Max. Goal
16%
Likelihood of Max
Avg. Daily Raise
$6,030
# of Investors
558
Momentum
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Year Founded
2016
Industry
Media, Entertainment & Publishing
Tech Sector
MediaTech
Distribution Model
B2B/B2C
Margin
High
Capital Intensity
Low
Gab AI, with a valuation of $250.1 million, is raising funds on Venture Capital Cross. The company has built communication platforms protected by the First Amendment of the US Constitution and that encourage free speech. Gab AI has fostered a community of millions of people who appreciate the ability to speak freely and gain access to news, information, and knowledge. The platform has an integrated infrastructure that is resilient and independent from big tech cloud platforms. Andrew Torba founded Gab AI in September 2016. The current crowdfunding campaign has a minimum target of $500,000 and a maximum target of $4.9 million. The campaign proceeds will be used for new data center facilities, additional IP space, hiring and contractors, new and replacement hardware, sales and marketing, and additional security services.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$3,833,094 |
$307,173 |
|
COGS |
$519,756 |
$33,169 |
|
Tax |
$800 |
$800 |
| ||
| ||
|
Net Income |
$-377,276 |
$-544,429 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$420,086 |
$387,215 |
|
Accounts Receivable |
$435,301 |
$0 |
|
Total Assets |
$2,331,324 |
$1,648,346 |
|
Short-Term Debt |
$2,108,688 |
$376,333 |
|
Long-Term Debt |
$43,678 |
$715,785 |
|
Total Liabilities |
$2,152,366 |
$1,092,118 |
Financials as of: 07/19/2023
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