Mod Tech Labs
Early Stage
Digitizing the real world with 3D digital media in a click.
Overview
Raised: $68,474
Total Commitments ($USD)
Platform
Wefunder
Start Date
08/15/2021
Close Date
04/16/2022
Min. Goal
$50,001
Max. Goal
$999,999
Min. Investment
$100
Security Type
Equity - Preferred
Series
Seed
SEC Filing Type
RegCF
Price Per Share
$1.27
Early Bird Valuation
$7,999,818
Pre-Money Valuation
$8,999,795
Rolling Commitments ($USD)
Status
Funded
Reporting Date
04/29/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$282
# of Investors
63
Momentum
Funded
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Year Founded
2020
Industry
Business Services, Software, & Applications
Tech Sector
EnterpriseTech
Distribution Model
B2B/B2C
Margin
High
Capital Intensity
Low
Mod Tech Labs, with a valuation of $9 million, is raising funds on Wefunder. It is a digital media company that is digitizing the world with 3D. The all-in-one automated platform of Mod Tech Labs uses AI to change photos and videos to 3D objects and impossible worlds into reality. Mod Tech Labs has over 1,600 daily active users and has been used to create over 350,000 assets. The current crowdfunding campaign has a minimum target of $50,001 and a maximum target of $999,999. The campaign proceeds will be used for salaries, marketing, website development, sales hires, conferences, and travel.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$34,275 |
$0 |
|
COGS |
$11,122 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-403,121 |
$0 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$58,483 |
$0 |
|
Accounts Receivable |
$70,000 |
$0 |
|
Total Assets |
$165,463 |
$0 |
|
Short-Term Debt |
$10,456 |
$0 |
|
Long-Term Debt |
$358,128 |
$0 |
|
Total Liabilities |
$368,584 |
$0 |
Financials as of: 08/15/2021
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