About this raise: 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.
Investment Overview
Invested : $1,470,683
Deal Terms
Total Commitments ($USD)
- Platform
- Wefunder
- Start Date
- 08/07/2020
- Close Date
- 04/30/2021
$10,000
$3,930,000
$100
Equity - Common
Seed
RegCF
$11.96
$40,500,000
Company & Team
Company
- Year Founded
- 2016
- Industry
- Media, Entertainment & Publishing
- Tech Sector
- Distribution Model
- B2C
- Margin
- Low
- Capital Intensity
Financials
- Revenue +128% YoY
- $645,565
- Monthly Burn
- $303,780
-
Runway
- 2.4 months
- Gross Margin
- 18%
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Funding history
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 04/30/2025 | StartEngine | $62,198,730 | $116,834 | Equity - Common | Active | Test the Waters |
| 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 |
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.