Hearo

Early Stage

Talk+Watch Together

Analytics

Raised to Date: Raised: $103,883

Aggregate Commitments $

Platform

Republic

Start Date

06/07/2022

Close Date

10/24/2022

Min. Goal

$25,000

Max. Goal

$535,000

Min. Investment

$200

Security Type

SAFE

Funding Type

RegCF

Series

Seed

Valuation Cap

$25,000,000

Discount Rate

0%

Rolling Commitments $

Status

Active

Reporting Date

06/25/2022

Days Remaining

121

% of Min. Goal

416%

% of Max. Goal

19%

Likelihood of Max
likely
Avg. Daily Raise

$5,771

Momentum
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Location

San Fracisco, California

Industry

Media, Entertainment & Publishing

Tech Sector

MediaTech

Distribution Model

B2B2C

Margin

Low

Capital Intensity

Low

Business Type

High Growth

Hearo, with a valuation of $25 million, 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 e-sports together and talk about it. Hearo is making watching media as multiplayer as gaming, with over one million people already using it as their virtual living room. Ned Lerner and Dwight Kwok founded Hearo in January 2015. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $535,000. The campaign proceeds will be used to launch Hearo Hubs and Super Hearo, begin monetization, and continue growth.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$49,997

$0

COGS

$24,998

$0

Tax

$0

$0

 

 

Net Income

$-963,383

$-768,246

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$491,498

$14,502

Accounts Receivable

$0

$0

Total Assets

$491,498

$14,502

Short-Term Debt

$519,129

$400,947

Long-Term Debt

$1,986,000

$1,974,000

Total Liabilities

$2,505,129

$2,374,947

Financials as of: 06/07/2022
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Hearo 10/24/2022 Republic $25,000,000 $103,883 SAFE Active RegCF
Hearo.Live 01/15/2021 Republic $12,500,000 $657,943 SAFE Funded RegCF
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Hearo on Republic 2022
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Platform: Republic
Security Type: SAFE
Valuation: $25,000,000
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