Leo AR by MojiLala
About this raise
Leo AR by MojiLala, with a $15 million valuation cap, is raising funds on StartEngine. It is an augmented reality app that allows users to bring life to the environment around them. With the help of Leo AR by MojiLala, people can dance with unicorns, sit with aliens, and party with sharks. Dana Loberg founded Leo AR by MojiLala in 2016 and has raised funds from top Silicon Valley investors, including Giphy, Great Oaks Ventures, and 500 Startups. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $1,032,550. The funds will be used for growth and expansion. Leo AR by MojiLala is the number one consumer-facing AR app and has been rated App of the Day five times on App Store.
Investment Overview
Invested : $60,984
Deal Terms
Total Commitments
- Platform
- StartEngine
- Start Date
- 08/06/2020
- Close Date
- 02/04/2021
$10,000
$1,070,000
$250
Convertible Note
Early Stage
RegCF
$15,000,000
10%
Company & Team
Company
- Year Founded
- 2016
- Industry
- Consumer Products, Goods & Services
- Tech Sector
- Distribution Model
- B2C
- Margin
- High
- Capital Intensity
- Low
Financials
- Revenue +306% YoY
- $65,000
- Monthly Burn
- $39,587
-
Runway
- 11.3 months
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Company Funding & Growth
Funding history
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 02/04/2021 | StartEngine | $15,000,000 | $60,984 | Convertible Note | Funded | RegCF |