Magic Passport Limited
About this raise
Magic Passport Limited is raising funds on Wefunder. The company is producing the film The Passport of Mallam Ilia, an Africa-themed anime-style 2D animation. The Passport of Mallam Ilia is an adaptation of the widely cherished African classic by Cyprian Ekwensi and is the intersection of African storytelling with African sound, music, art, and culture. The film is almost 75% complete and is planned to be sold in five major markets. Ferdinand Ladi Adimefe founded Magic Passport Limited in January 2024. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $500,000. The campaign proceeds will be used for hiring, operations, PR, and marketing.
Investment Overview
Committed : $177,120
Deal Terms
Total Commitments
- Platform
- Wefunder
- Start Date
- 02/20/2024
- Close Date
- 08/31/2025
$50,000
$500,000
$100
Revenue Share
Quarterly
RegCF
1.15X
25.00%
Company & Team
Company
- Year Founded
- 2024
- Industry
- Media, Entertainment & Publishing
- Tech Sector
- Distribution Model
- B2B/B2C
- Margin
- Low
- Capital Intensity
- High
Financials
-
Revenue
-
$0
as of FY2024
- Monthly Burn
-
$4,992
as of FY2024
-
Runway
-
0.1 months
as of FY2024
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $0
- VC Backed?
- No
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 08/31/2025 | Wefunder | - | $177,120 | Revenue Share | Active | RegCF |
