Magic Passport Limited

Magic Passport Limited

An iconic African classic, as an animated film

An iconic African classic, as an animated film

Overview

Raised to Date: Raised: $31,120

Total Commitments ($USD)

Platform

Wefunder

Start Date

02/19/2024

Close Date

04/29/2025

Min. Goal
$50,000
Max. Goal
$500,000
Min. Investment

$100

Security Type

Revenue Share

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Return Multiple

1.15X

Profit Share %

25.00%

Rolling Commitments ($USD)

Status

Active

Reporting Date

04/15/2024

Days Remaining

379

% of Min. Goal

62%

% of Max. Goal

6%

Likelihood of Max
unlikely
Avg. Daily Raise

$556

Momentum
cold.svg
Create a free account today to gain access to KingsCrowd analytics.
Year Founded

2024

Industry

Media, Entertainment & Publishing

Tech Sector

Non-Tech

Distribution Model

B2B/B2C

Margin

Low

Capital Intensity

High

Location

Brighton, Colorado

Business Type

Life Style

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.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$0

$0

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$0

$0

Accounts Receivable

$0

$0

Total Assets

$0

$0

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0

Financials as of: 02/19/2024
Create a free account today to gain access to KingsCrowd analytics.

Upgrade to gain access

Pay Monthly
Annually (Save 17%)

Edge

$25 /month
billed annually
Free portfolio tracking, data-driven ratings, AI analysis and reports
Plan Includes:
Everything in Free, plus
Company specific KingsCrowd ratings and analyst reports
Deal explorer and side-by-side comparison
Startup exit and failure tracking
Startup market filters and historical industry data
Advanced company search ( with ratings)
Get Edge Annual
Already a member? Log in here.

Ratings KingsCrowd Startup Rating Methodology Article

Blurred Ratings Bars Blurred Ratings Bars
Founders: enhance your startup's credibility on KingsCrowd. Create an account to claim this raise page.
Add to portfolio
Magic Passport Limited on Wefunder 2024
Platform: Wefunder
Security Type: Revenue Share

Follow company

Follow Magic Passport Limited on Wefunder 2024

Buy Magic Passport Limited's Deal Report

Magic Passport Limited Deal Report

Get KingsCrowd’s comprehensive report on Magic Passport Limited including:

  • How our proprietary algorithm rates their current capital raise (1-5 stars)
  • Detailed price, market, team, differentiators, performance, and risk ratings
  • Whether Magic Passport Limited is undervalued or overvalued
  • Scores on the founding team and key personnel's background and expertise

Buy the Magic Passport Limited deal report for only $10!

Email address:
Looking to buy more than one deal report? Get unlimited reports by upgrading to Edge