Gigmor

Gigmor

Early Stage

LiveNation for Independent Music

LiveNation for Independent Music

Overview

Raised to Date: Raised: $141,729

Total Commitments ($USD)

Platform

Wefunder

Start Date

08/09/2023

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

Rolling Commitments ($USD)

Status
Funded
Reporting Date

05/04/2024

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

$539

# of Investors

148

Momentum
Funded
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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

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.

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

Financials as of: 08/09/2023
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Gigmor on Wefunder 2023
Platform: Wefunder
Security Type: Equity - Preferred
Valuation: $11,999,351
Price per Share: $0.90

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