Lookhu
Early Stage
Disrupting Film, TV, and PPV distribution with the creator economy and AI
Overview
Raised: $57,750
Total Commitments ($USD)
Platform
Republic
Start Date
03/03/2024
Close Date
04/26/2024
Min. Goal
$50,000
Max. Goal
$2,000,000
Min. Investment
$150
Security Type
SAFE
Series
Seed
SEC Filing Type
RegCF
Valuation Cap
$20,000,000
Discount
20%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
04/29/2024
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$1,090
# of Investors
34
Momentum
Funded
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Year Founded
2014
Industry
Media, Entertainment & Publishing
Tech Sector
MediaTech
Distribution Model
B2B
Margin
Medium
Capital Intensity
Low
Lookhu, with a valuation of $20 million, is raising funds on Republic. The company has developed a platform that uses creator economy and AI for film, TV, and PPV distribution. Lookhu has over 11,000 quality assets in its content database and has more than 50,000 visits to the site monthly. The platform contains a wide array of licensed, creator, and original content, including movies, TV series, podcasts, curated channels, influencer channels, and PPV events, and has generated $700,000 in revenue in 2023 alone. Byron Booker founded Lookhu in June 2014. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $2 million. The campaign proceeds will be used for research and development, salaries, overhead, marketing, consultants, and content.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$149,511 |
$110,543 |
|
COGS |
$73,483 |
$76,969 |
|
Tax |
$0 |
$1,332 |
| ||
| ||
|
Net Income |
$76,027 |
$33,574 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$1,063 |
$23,131 |
|
Accounts Receivable |
$108,672 |
$39,186 |
|
Total Assets |
$117,435 |
$71,227 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$0 |
$0 |
Financials as of: 03/03/2024
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