Mav Farm

Mav Farm

Early Stage

The Geo-Drop Marketplace

The Geo-Drop Marketplace

Overview

Raised to Date: Raised: $56,269

Total Commitments ($USD)

Platform

Wefunder

Start Date

04/06/2023

Close Date

04/29/2024

Min. Goal
$50,000
Max. Goal
$1,235,000
Min. Investment

$100

Security Type

Convertible Note

Series

Series A

SEC Filing Type

RegCF    Open SEC Filing

Early Bird Val. Cap

$35,000,000

Valuation Cap

$40,000,000

Discount

20%

Rolling Commitments ($USD)

Status

Active

Reporting Date

04/25/2024

Days Remaining

3

% of Min. Goal

113%

% of Max. Goal

5%

Likelihood of Max
unlikely
Avg. Daily Raise

$146

# of Investors

22

Momentum
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Year Founded

2016

Industry

Business Services, Software, & Applications

Tech Sector

MarketplaceTech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

Low

Location

WEST HOLLYWOOD, California

Business Type

Growth

Mav Farm, with a valuation of $40 million, is raising funds on Wefunder. It is a geo-drop marketplace for creators to take complete control of their media, art, and commerce. The platform enables its 30,000 geo-drop creators, consumers, and brands to collaborate, sell, and shop the latest geo-located videos and product drops. Mav Farm has a loyal username and has helped them create over $2.6 million in gross merchandise value. Mateo Moreno and Derek Siegel founded Mav Farm in December 2016. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1.24 million. The campaign proceeds will be used for marketing, research and development, working capital, and legal and professional fees.

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$146,001

$0

COGS

$48,470

$39,723

Tax

$0

$0

 

 

Net Income

$-365,616

$-2,012,887

Summary Balance Sheet

FY 2022 FY 2021

Cash

$3,251

$39,945

Accounts Receivable

$0

$0

Total Assets

$69,186

$110,753

Short-Term Debt

$7,755,114

$7,359,128

Long-Term Debt

$0

$142,627

Total Liabilities

$7,755,114

$7,501,755

Financials as of: 04/06/2023
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Mav Farm on Wefunder 2023
Platform: Wefunder
Security Type: Convertible Note
Valuation: $40,000,000

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