Gab AI

Gab AI

Growth Stage

The Free Speech Social Network

The Free Speech Social Network

Overview

Raised to Date: Raised: $808,055

Total Commitments ($USD)

Platform

Venture Capital Cross

Start Date

07/18/2023

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    Open SEC Filing

Price Per Share

$33.00

Pre-Money Valuation

$250,876,725

Rolling Commitments ($USD)

Status
Funded
Reporting Date

12/30/2023

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$4,897

# of Investors

558

Momentum
Funded
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Year Founded

2016

Industry

Media, Entertainment & Publishing

Tech Sector

MediaTech

Distribution Model

B2B/B2C

Margin

High

Capital Intensity

Low

Location

Clarks Summit, Pennsylvania

Business Type

High Growth

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: 07/18/2023
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Gab AI 12/30/2023 Venture Capital Cross $250,876,725 $808,055 Equity - Common Funded RegCF
Gab AI 11/18/2018 StartEngine $39,000,000 $1,067,288 Equity - Common Funded RegCF
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Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Valuation History

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.

Employee History

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Gab AI on Venture Capital Cross 2023
Platform: Venture Capital Cross
Security Type: Equity - Common
Valuation: $250,876,725
Price per Share: $33.00

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