About this raise
Innovative Recordings is raising funds on SMBX. It is a production company in Washington, DC that creates compelling music and video productions. The company collaborates with musicians, government agencies, businesses, and non-profits to provide multimedia services starting from concept to completion. The offerings of Innovative Recordings include events planning, music recording, audio-visual needs of private entertainment, and mixing and mastering compositions. Charles Garris founded Innovative Recordings in July 2018. The current crowdfunding campaign has a minimum target of $80,000 and a maximum target of $500,000. The campaign proceeds will be used for recording equipment, advertising, manufacturing chips, and working capital.
Investment Overview
Invested : $225,230
Deal Terms
Total Commitments
- Platform
- SMBX
- Start Date
- 03/31/2022
- Close Date
- 07/13/2022
$80,000
$500,000
$10
Debt
RegCF
Company & Team
Company
- Year Founded
- 2018
- Industry
- Media, Entertainment & Publishing
- Tech Sector
- Distribution Model
- B2B/B2C
- Margin
- Low
- Capital Intensity
- Low
Financials
- Revenue +3% YoY
- $654,269
- Monthly Burn
- Profitable
-
Cash on Hand
- $73,151
- Gross Margin
- 75%
Upgrade to gain access
-
$12.50 /month
billed annually - Free portfolio tracking, data-driven ratings, AI analysis and reports
- Plan Includes:
- Everything in Free, plus
- Company specific
Kingscrowd ratings and analyst reports
- Deal explorer and side-by-side comparison
- Startup exit and failure tracking
- Startup market filters and historical industry data
- Advanced company search ( with ratings)
- Get Edge Annual
Edge
Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $0
- VC Backed?
- No
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 03/20/2023 | SMBX | - | $11,850 | Debt | Not Funded | RegCF |
| 07/13/2022 | SMBX | - | $225,230 | Debt | Funded | RegCF |