The World's First FAN-OWNED Entertainment Company

Overview

Raised to Date: Raised: $1,470,683

Total Commitments ($USD)

Platform

Wefunder

Start Date

08/07/2020

Close Date

04/30/2021

Min. Goal
$10,000
Max. Goal
$3,930,000
Min. Investment

$100

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$11.96

Pre-Money Valuation

$40,500,000

Rolling Commitments ($USD)

Status
Funded
Reporting Date

05/02/2021

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$5,529

# of Investors

4,252

Momentum
Funded
Create a free account today to gain access to KingsCrowd analytics.
Year Founded

2016

Industry

Media, Entertainment & Publishing

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Low

Capital Intensity

Location

Los Angeles, California

Business Type

Growth

Legion M, with a pre-money valuation of $40.5 million, is raising funds on Wefunder. It is the world’s first fan-owned entertainment company. The investors get to back a variety of projects diversified across different genres, mediums, and risk profiles. Paul Scanlan and Jeff Annison founded Legion M in 2016, and the company has raised over $10 million since its inception. The proceeds of the current crowdfunding round, with a minimum goal of $10,000 and a maximum goal of $780,000, will be used for operating expenses, marketing expenses, and entertainment projects. Legion M is disrupting the entertainment industry and is one of the most successful companies in crowdfunding history.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$645,565

$179,589

COGS

$529,153

$130,131

Tax

$0

$0

 

 

Net Income

$-3,645,356

$-2,411,065

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$735,562

$45,751

Accounts Receivable

$21,583

$19,000

Total Assets

$2,178,867

$1,190,414

Short-Term Debt

$328,395

$315,598

Long-Term Debt

$0

$0

Total Liabilities

$328,395

$315,598

Financials as of: 08/07/2020
Create a free account today to gain access to KingsCrowd analytics.

Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Legion M 10/12/2023 StartEngine $58,700,000 $2,590,533 Equity - Common Active RegA+
Legion M 02/17/2023 Wefunder - $750,000 Revenue Share Funded RegCF
Legion M 04/30/2022 StartEngine $48,512,836 $3,849,523 Equity - Common Funded RegCF
Legion M 04/30/2021 Wefunder $40,500,000 $1,470,683 Equity - Common Funded RegCF
Legion M 07/31/2018 Wefunder $19,590,000 $901,888 Equity - Common Funded RegCF
Create a free account today to gain access to KingsCrowd analytics.

Upgrade to gain access

Pay Monthly
Annually (Save 17%)

Edge

$12.42 /month
billed annually
Free portfolio tracking and KingsCrowd's quantitative ratings on all raises.
Plan Includes:
Everything in Free, plus
Company specific KingsCrowd ratings (excluding risk)
Advanced company search ( with ratings)
Markets page filters and historical industry data
Get Edge Annual

Edge Pro

$41.58 /month
billed annually
Full site access including KingsCrowd's qualitative analyst reports.
Plan Includes:
Everything in Edge, plus
Full access to detailed Analyst Reports (e.g. Top Deal, Deal to Watch, Neutral, and Underweight)
Search and filter based on Analyst Reports
In-depth risk ratings for every raise
Get Edge Pro Annual
Already a member? Log in here.

Ratings KingsCrowd Startup Rating Methodology Article

Blurred Ratings Bars Blurred Ratings Bars

Analyst Report Analyst Report Methodology Article

Update

KingsCrowd’s assessment of Legion M has not changed since we last rated it a Top Deal. Please see the previous Analyst Report to learn more about why Legion M is a promising investment opportunity.

Founders: enhance your startup's credibility on KingsCrowd. Create an account to claim this raise page.

Create your first portfolio

Create your own startup investment portfolio on KingsCrowd.

Track all of your startup investments in one place using our state-of-the-art portfolio tracker tools. To begin, create your first portfolio below.

Add to portfolio
Legion M on Wefunder
Platform: Wefunder
Security Type: Equity - Common
Valuation: $40,500,000
Price per Share: $11.96

Follow company

Follow Legion M on Wefunder

Buy Legion M's Deal Report

Warning: according to the close date for this deal, Legion M may no longer be accepting investments.

Legion M Deal Report

Get KingsCrowd’s comprehensive report on Legion M including:

  • How our proprietary algorithm rates their current capital raise (1-5 stars)
  • Detailed price, market, team, differentiators, performance, and risk ratings
  • Whether Legion M is undervalued or overvalued
  • Scores on the founding team and key personnel's background and expertise
  • What one of our expert analysts thinks about this investment opportunity

Buy the Legion M deal report for only $10!

Email address:
Looking to buy more than one deal report? Get unlimited reports by upgrading to Edge Pro