Gigmor

Gigmor

Closed: Apr. 2024

About this raise

Gigmor, with a valuation of $11.99 million, is raising funds on Wefunder. The company has developed a monetization platform for music creators. Gigmor connects artists with venues and fans and helps them earn income and grow their careers. The booking and marketing platform empowers creators and assists in event promotion, booking, and ticketing. David Baird and Tracy Eumont founded Gigmor in February 2010. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1.23 million. The campaign proceeds will be used for marketing, payroll, R&D, business development, and general and administrative expenses.

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Investment Overview

Invested this round: $141,729

Deal Terms

Total Commitments

Platform
Wefunder
Start Date
08/10/2023
Close Date
04/29/2024
Min. Goal
$50,000
Max Goal
$1,235,000
Min. Investment

$100

Security Type

Equity - Preferred

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$0.90

Early Bird Valuation

$9,999,682

Pre-Money Valuation

$11,999,351

Company & Team

Company

Year Founded
2010
Industry
Marketing & Advertising
Tech Sector
AdTech
Distribution Model
B2B/B2C
Margin
High
Capital Intensity
Low
Location
BEVERLY HILLS, California
Business Type
High Growth
Company Website
Visit Website

Team

Employees
7
Prior Founder Exits?
No
Founder Name
David Baird
Title
CEO
Founder Name
Tracy Eumont
Title
Chief Brand Officer

Financials

as of Fiscal Year 2022
 Revenue
$27,476
 Monthly Burn
$52,372
 Runway
0 months
Gross Margin
86%

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$27,476

$14,163

COGS

$3,829

$13,061

Tax

$0

$0

 

 

Net Income

$-628,460

$-558,224

Summary Balance Sheet

FY 2022 FY 2021

Cash

$1,294

$25,363

Accounts Receivable

$624

$160

Total Assets

$220,443

$218,764

Short-Term Debt

$81,951

$52,109

Long-Term Debt

$4,011,850

$3,541,945

Total Liabilities

$4,093,801

$3,594,054

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$864,549
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
04/29/2024 Wefunder $11,999,351 $141,729 Equity - Preferred Funded RegCF
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Add to portfolio
Gigmor on Wefunder 2023
Platform: Wefunder
Security Type: Equity - Preferred
Valuation: $11,999,351
Price per Share: $0.90

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Follow Gigmor on Wefunder 2023

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

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