Leo AR by MojiLala

Leo AR by MojiLala

Early Stage

AR Technology for all

AR Technology for all

Overview

Raised to Date: Raised: $60,984

Total Commitments ($USD)

Platform

StartEngine

Start Date

08/06/2020

Close Date

02/04/2021

Min. Goal
$10,000
Max. Goal
$1,070,000
Min. Investment

$250

Security Type

Convertible Note

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$15,000,000

Discount

10%

Rolling Commitments ($USD)

Status
Funded
Reporting Date

02/28/2021

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

$335

# of Investors

98

Momentum
Funded
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Year Founded

2016

Industry

Consumer Products, Goods & Services

Tech Sector

MediaTech

Distribution Model

B2C

Margin

High

Capital Intensity

Low

Location

Cupertino, California

Business Type

High Growth

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.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$65,000

$16,000

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-475,045

$-835,124

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$445,642

$220,000

Accounts Receivable

$0

$0

Total Assets

$0

$0

Short-Term Debt

$19,169

$46,000

Long-Term Debt

$2,442,500

$1,997,500

Total Liabilities

$2,461,669

$2,043,500

Financials as of: 08/06/2020
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Leo AR by MojiLala on StartEngine
Platform: StartEngine
Security Type: Convertible Note
Valuation: $15,000,000

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