LocalBuzz

Early Stage

Bringing local communities back together through video

Analytics

Raised to Date: Raised: $57,300

Aggregate Commitments $

Platform

Wefunder

Start Date

09/12/2022

Close Date

04/30/2023

Min. Goal

$50,000

Max. Goal

$249,000

Min. Investment

$250

Security Type

SAFE

Funding Type

RegCF

Series

Pre-Seed

Valuation Cap

$7,000,000

Discount Rate

15%

Rolling Commitments $

Status

Active

Reporting Date

10/02/2022

Days Remaining

210

% of Min. Goal

115%

% of Max. Goal

23%

Likelihood of Max
extremely
Avg. Daily Raise

$2,865

# of Investors

67

Momentum
cold.svg
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Location

Phoenix, Arizona

Industry

Media, Entertainment & Publishing

Tech Sector

MarketplaceTech

Distribution Model

B2C

Margin

Medium

Capital Intensity

Low

Business Type

High Growth

LocalBuzz, with a valuation of $7 million, is raising funds on Wefunder. The company has developed a platform that brings local people, content creators, and local businesses together. The platform is leveraging the local discovery economy and using social media and online marketplaces to create a new future for local economies. LocalBuzz allows users to venture out into the local communities, find interesting things to do, and meet new people. The app has had over 8,000 downloads and generated over 10,000 videos with more than 880,000 views. Adrian Gillette founded LocalBuzz in October 2017. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $249,000. The campaign proceeds will be used for product development, marketing, engineering, and operating expenses.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$0

$0

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$0

$0

Accounts Receivable

$0

$0

Total Assets

$0

$0

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0

Financials as of: 09/12/2022
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LocalBuzz on Wefunder 2022
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Platform: Wefunder
Security Type: SAFE
Valuation: $7,000,000

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