Megafono Corporation

Megafono Corporation

Closed: Apr. 2023

About this raise

Megafono Corporation, with a valuation of $5 million, is raising funds on Wefunder. The company has developed a platform that makes government easily and effectively accessible to everyone. The social platform removes barriers between the people and government, makes the legislation fully accessible, and enables users to make real changes on the federal, state, and local levels. Megafono Corporation has an estimation of reaching 470,000 users in the first three years and $34 million in revenue. Bill Lockhart, Ronald D. Wright, and Nathan Jahncke founded Megafono Corporation in September 2020. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1.07 million. The campaign proceeds will be used for development, marketing, sales, administration, and carryover.

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Investment Overview

Invested this round:
$84,162 - RegCF
$184,162 - Total

Deal Terms

Total Commitments

Platform
Wefunder
Start Date
09/13/2022
Close Date
04/30/2023
Min. Goal
$50,000
Max Goal
$1,070,000
Min. Investment

$100

Security Type

SAFE

Company Stage

Early Stage

SEC Filing Type

RegCF / RegD 506(c)    Open SEC Filing

Early Bird Val. Cap

$4,250,000

Valuation Cap

$5,000,000

Discount

15%

Company & Team

Company

Year Founded
2020
Industry
Media, Entertainment & Publishing
Tech Sector
MediaTech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
Low
Location
Washington, District of Columbia
Business Type
Growth
Company Website
Visit Website

Team

Employees
4
Prior Founder Exits?
Yes
Founder Name
Bill Lockhart
Title
CEO
Founder Name
Hedeer El-Showk
Title
CTO
Founder Name
Ron Wright
Title
COO

Financials

 Revenue
$0
 Monthly Burn
$1,997
 Runway
0.6 months

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-23,965

$-4,799

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$1,277

$20,451

Accounts Receivable

$0

$0

Total Assets

$91,487

$20,451

Short-Term Debt

$45,001

$0

Long-Term Debt

$75,000

$25,000

Total Liabilities

$120,001

$25,000

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$100,000
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
04/30/2023 Wefunder $5,000,000 $184,162 SAFE Funded RegCF / RegD 506(c)
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Add to portfolio
Megafono Corporation on Wefunder 2022
Platform: Wefunder
Security Type: SAFE
Valuation: $5,000,000

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Warning: according to the close date for this deal, Megafono Corporation may no longer be accepting investments.

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