Heroic Public Benefit Corporation
Growth Stage
We’re creating a social platform that trains heroes
Overview
Raised: $0
Total Commitments ($USD)
Platform
Wefunder
Start Date
08/28/2023
Close Date
04/30/2024
Min. Goal
$50,000
Max. Goal
$1,000,000
Min. Investment
$100
Security Type
Convertible Note
Series
Series B
SEC Filing Type
RegCF
Valuation Cap
$50,000,000
Discount
20%
Rolling Commitments ($USD)
Status
Active
Reporting Date
09/30/2023
Days Remaining
213
% of Min. Goal
0%
% of Max. Goal
0%
Likelihood of Max
Avg. Daily Raise
$0
Momentum
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Year Founded
2020
Industry
Media, Entertainment & Publishing
Tech Sector
MediaTech
Distribution Model
B2C
Margin
High
Capital Intensity
Low
Heroic Public Benefit Corporation, with a valuation of $50 million, is raising funds on Wefunder. The company aims to offer a wisdom membership and coach training program through its Optimize Core membership program and Optimize Coach program. The input from Optimize will be used to develop the Heroic Training Platform. Heroic has partnered with MetaLab to create a world-class social training platform. The business has generated $3 million in trailing 12-months cash revenue, with $1.4 million cash revenue generated from January to April 2023. Brian Johnson founded Heroic Public Benefit Corporation in November 2020. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1 million. The campaign proceeds will be used for product development, engineering, customer experience and support, and selling, general, and administrative expenses.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$2,570,362 |
$2,245,375 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-7,498,209 |
$-5,744,503 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$348,802 |
$3,366,903 |
|
Accounts Receivable |
$25,000 |
$1,613,008 |
|
Total Assets |
$752,143 |
$3,899,916 |
|
Short-Term Debt |
$1,757,574 |
$1,613,008 |
|
Long-Term Debt |
$4,988,045 |
$855,605 |
|
Total Liabilities |
$6,745,619 |
$2,468,613 |
Financials as of: 08/28/2023
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Raise History
| Offering Name | Close Date | Platform | Valuation/Cap | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|---|
| Heroic Public Benefit Corporation | 04/30/2024 | Wefunder | $50,000,000 | $0 | Convertible Note | Active | RegCF |
| Heroic Public Benefit Corporation | 08/15/2023 | Wefunder | $100,000,000 | $949,902 | Convertible Note | Funded | RegCF |
| Heroic Public Benefit Corporation | 03/25/2021 | Wefunder | $20,000,000 | $6,189,520 | Equity - Preferred | Funded | RegCF / RegD 506(c) |
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