Mod Tech Labs

Mod Tech Labs

Early Stage

Digitizing the real world with 3D digital media in a click.

Digitizing the real world with 3D digital media in a click.

Overview

Raised to Date: Raised: $68,474

Total Commitments ($USD)

Platform

Wefunder

Start Date

08/15/2021

Close Date

04/15/2022

Min. Goal
$50,001
Max. Goal
$999,999
Min. Investment

$100

Security Type

Equity - Preferred

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

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

Location

Austin, Texas

Business Type

Growth

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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Mod Tech Labs on Wefunder 2021
Platform: Wefunder
Security Type: Equity - Preferred
Valuation: $8,999,795
Price per Share: $1.27

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