Ludus

Ludus

Closed: Feb. 2023

About this raise

Ludus, with a valuation of $20 million, is raising funds on Republic. The company has developed web-based software to meet the unique needs of performing arts organizations. The software contains tools that help arts organizations manage their marketing, ticketing, fundraising, and other functions and have ease of use and flexibility to grow with the organizations. Ludus has partnered with national and state associations, including AACT, EdTA, and WHSFA, and is trusted by over 1,000 companies. Zachary Collins and Kevin Schneider founded Ludus in July 2016. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $1,070,000. The campaign proceeds will be used for expansion, partnerships, and team growth.

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Investment Overview

Invested this round: $226,866

Deal Terms

Total Commitments

Platform
Republic
Start Date
05/30/2022
Close Date
02/28/2023
Min. Goal
$25,000
Max Goal
$1,070,000
Min. Investment

$100

Security Type

SAFE

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$20,000,000

Discount

0%

Company & Team

Company

Year Founded
2016
Industry
Media, Entertainment & Publishing
Tech Sector
MediaTech
Distribution Model
B2B
Margin
Medium
Capital Intensity
Low
Location
Holland, Michigan
Business Type
High Growth
Company Website
Visit Website

Team

Employees
7
Prior Founder Exits?
Yes
Founder Name
Zachary Collins
Title
CEO
Founder Name
Kevin Schneider
Title
President

Financials

 Revenue +304% YoY
$808,559
 Monthly Burn
Profitable
 Cash on Hand
$468,067
Gross Margin
43%

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$808,559

$199,691

COGS

$457,421

$231,927

Tax

$17,000

$0

 

 

Net Income

$401,060

$-20,024

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$468,067

$67,201

Accounts Receivable

$0

$0

Total Assets

$827,034

$258,521

Short-Term Debt

$339,844

$191,491

Long-Term Debt

$0

$60,000

Total Liabilities

$339,844

$251,491

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$80,000
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
02/28/2023 Republic $20,000,000 $226,866 SAFE Funded RegCF
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Add to portfolio
Ludus on Republic 2022
Platform: Republic
Security Type: SAFE
Valuation: $20,000,000

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Follow Ludus on Republic 2022

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