Love The Network

Love The Network

Closed: Sep. 2020

About this raise

Love The Network, a revolutionary online dating app with a valuation of $1 million, is raising funds on Fundopolis. The app allows only background-checked members with no charges of stalking, domestic violence, and harassment. The app also educates its members on healthy dating and happy relationships, while protecting them against predators, scammers, and fake accounts. Love The Network was founded by Ryan Murphy and Lauren Gamache in 2019. The proceeds of the current round of funding, with a minimum goal of $50,000 and a maximum goal of $249,999, will be used to cover costs for background checking and marketing and to expand the initial launch. Love The Network promotes positive, healthy dating and relationships and aims to create a social impact.

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Investment Overview

Not Funded: $1,400

Deal Terms

Total Commitments

Platform
Fundopolis
Start Date
07/01/2020
Close Date
09/29/2020
Min. Goal
$50,000
Max Goal
$249,999
Min. Investment

$100

Security Type

Equity - Preferred

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$0.50

Pre-Money Valuation

$1,000,000

Company & Team

Company

Year Founded
2019
Industry
Consumer Products, Goods & Services
Tech Sector
CommerceTech
Distribution Model
B2C
Margin
High
Capital Intensity
Low
Location
Portland, Maine
Business Type
Growth
Company Website
Visit Website

Team

Employees
2
Founder Name
Ryan A. Murphy
Title
CTO
Founder Name
Lauren Elizabeth Gamache
Title
CEO

Financials

 Revenue +100% YoY
$95
 Monthly Burn
$5,614
 Runway
0 months

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$94

$0

COGS

$13,424

$0

Tax

$0

$0

 

 

Net Income

$-67,368

$0

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$141

$0

Accounts Receivable

$0

$0

Total Assets

$141

$0

Short-Term Debt

$0

$0

Long-Term Debt

$67,500

$0

Total Liabilities

$67,500

$0

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
09/29/2020 Fundopolis $1,000,000 $1,400 Equity - Preferred Not Funded RegCF
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Add to portfolio
Love The Network on Fundopolis
Platform: Fundopolis
Security Type: Equity - Preferred
Valuation: $1,000,000
Price per Share: $0.50

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Warning: according to the close date for this deal, Love The Network may no longer be accepting investments.

Love The Network Deal Report

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