About this raise

Legion M, with a valuation of $89 million, is raising funds on DealMaker Securities. It is the world’s first fan-owned entertainment company. Legion M investors get to back a variety of projects diversified across different genres, mediums, and risk profiles. The company is disrupting the entertainment industry with a history of successful projects and has four upcoming movies. Legion M also offers its investors backstage access, exclusive events, bucket-list opportunities, merchandise and ticket discounts, and a warm and welcoming community. Paul Scanlan and Jeff Annison founded Legion M in March 2016. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $3.75 million. The campaign proceeds will be used for development, project and operating expenses, and marketing.

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Investment Overview

Committed this round: $679,946

Deal Terms

Total Commitments

Platform
DealMaker Securities
Start Date
02/28/2025
Close Date
04/30/2025
Min. Goal
$25,000
Max Goal
$3,750,000
Min. Investment

$101

Security Type

Equity - Common

Series

Series A

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$2.10

Pre-Money Valuation

$89,000,000

Company & Team

Company

Year Founded
2016
Industry
Media, Entertainment & Publishing
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
Low
Capital Intensity
High
Location
Los Angeles, California
Business Type
Growth
Company Website
Visit Website

Team

Employees
10
Prior Founder Exits?
Yes
Founder Name
Jeff Annison
Title
President
Founder Name
Paul Scanlan
Title
CEO

Financials

as of December 31, 2023
 Revenue +26% YoY
$816,510
 Monthly Burn
$234,441
 Runway
3.6 months
Gross Margin
24%

Summary Profit and Loss Statement

FY 2024 FY 2023

Revenue

$816,510

$650,044

COGS

$622,137

$591,918

Tax

$0

$0

 

 

Net Income

$-2,813,295

$-2,827,478

Summary Balance Sheet

FY 2024 FY 2023

Cash

$367,610

$390,778

Accounts Receivable

$101,690

$87,913

Total Assets

$839,709

$341,050

Short-Term Debt

$374,933

$572,257

Long-Term Debt

$149,900

$149,900

Total Liabilities

$524,833

$722,157

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$14,572,709
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
04/30/2025 StartEngine $62,198,730 $138,593 Equity - Common Active Test the Waters
04/30/2025 DealMaker Securities $89,000,000 $679,946 Equity - Common Active RegCF
10/28/2024 StartEngine $58,700,000 $6,857,611 Equity - Common Funded RegA+
02/17/2023 Wefunder - $750,000 Revenue Share Funded RegCF
04/30/2022 StartEngine $48,512,836 $3,849,523 Equity - Common Funded RegCF
04/30/2021 Wefunder $40,500,000 $1,470,683 Equity - Common Funded RegCF
07/31/2018 Wefunder $19,590,000 $901,888 Equity - Common Funded RegCF
09/05/2017 Wefunder - $167,940 Equity - Common Funded RegCF
08/14/2016 Wefunder - $999,999 Equity - Common 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

Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Employee History

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Legion M on DealMaker Securities 2025
Platform: DealMaker Securities
Security Type: Equity - Common
Valuation: $89,000,000
Price per Share: $2.10

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