Hearo.Live (2021)

Hearo.Live (2021)

Closed: Jan. 2021

About this raise

Hearo.Live, with a $12.5 million valuation cap, is raising funds on Republic. It is a new platform to watch and enjoy media together. The platform allows users to watch YouTube videos and esports together and talk about it. Hearo.Live is making watching media as multiplayer as gaming. Hearo.Live was founded by Ned Lerner and Dwight Kwok in January 2015 and has raised over $1.8 million since its inception. The current round of crowdfunding has a minimum raise of $25,000 and a maximum raise of $1,070,000, and the funds will be used to improve quality, localize in more than 20 languages, and establish 24X7 operations. Hearo.Live has proven viral, with 75% growth in 75 days, without any marketing spend.

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Investment Overview

Invested this round: $657,943

Deal Terms

Total Commitments

Platform
Republic
Start Date
03/02/2020
Close Date
01/15/2021
Min. Goal
$25,000
Max Goal
$1,070,000
Min. Investment

$100

Security Type

SAFE

Company Stage

Early Stage

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$12,500,000

Discount

20%

Company & Team

Company

Year Founded
2015
Industry
Media, Entertainment & Publishing
Tech Sector
MediaTech
Distribution Model
B2B2C
Margin
High
Capital Intensity
High
Location
San Fracisco, California
Business Type
High Growth
Company Website
Visit Website

Team

Employees
2
Founder Name
Myke Bates
Title
CEO
Founder Name
Edward Lerner
Title
Co-CEO

Financials

 Revenue
$0
 Monthly Burn
$34,961
 Runway
9 months

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-419,528

$-459,993

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$314,099

$121,876

Accounts Receivable

$0

$0

Total Assets

$314,099

$121,876

Short-Term Debt

$2,164

$0

Long-Term Debt

$1,563,794

$952,043

Total Liabilities

$1,565,958

$952,043

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Company Funding & Growth

Funding history

Offering Name Close Date Platform Valuation Total Raised Security Type Status Reg Type
Hearo 10/24/2022 Republic $25,000,000 $224,365 SAFE Funded RegCF
Hearo.Live 01/15/2021 Republic $12,500,000 $657,943 SAFE Funded RegCF
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Growth Charts

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.

Valuation History

Employee History

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Hearo.Live on Republic
Platform: Republic
Security Type: SAFE
Valuation: $12,500,000

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