LocalBuzz
About this raise
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.
Investment Overview
Invested : $58,256
Deal Terms
Total Commitments
- Platform
- Wefunder
- Start Date
- 09/12/2022
- Close Date
- 11/26/2022
$50,000
$249,000
$250
SAFE
Pre-Seed
RegCF
$7,000,000
15%
Company & Team
Company
- Year Founded
- 2017
- Industry
- Media, Entertainment & Publishing
- Tech Sector
- Distribution Model
- B2C
- Margin
- Medium
- Capital Intensity
- Low
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $139,000
- VC Backed?
- No
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 11/26/2022 | Wefunder | $7,000,000 | $58,256 | SAFE | Funded | RegCF |