Musiversal

Early Stage

Empowering the world to make music

Overview

Raised to Date: Raised: $500,895

Total Commitments ($USD)

Platform

Wefunder

Start Date

03/14/2023

Close Date

04/30/2023

Min. Goal

$75,000

Max. Goal

$1,235,000

Min. Investment

$100

Security Type

Convertible Note

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$15,000,000

Discount

20%

Rolling Commitments ($USD)

Status

Active

Reporting Date

03/27/2023

Days Remaining

34

% of Min. Goal

668%

% of Max. Goal

41%

Likelihood of Max
extremely
Avg. Daily Raise

$38,530

# of Investors

246

Momentum
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Year Founded

2022

Industry

Business Services, Software, & Applications

Tech Sector

MarketplaceTech

Distribution Model

B2B/B2C

Margin

Low

Capital Intensity

Low

Location

Wilmington, Delaware

Business Type

Growth

Musiversal, with a valuation of $15 million, is raising funds on Wefunder. The company has created the world’s first remote recording studio and music production platform. The platform has been created for musicians by musicians to remove all barriers to producing music and for creators to collaborate in real-time. Musiversal has increased its monthly revenue from $35,000 in January 2022 to $190,000 in November 2022, with 98% customer satisfaction and a 75 Net Promoter Score. Andre Miranda and Xavier Jameson founded Musiversal in December 2022. The current crowdfunding campaign has a minimum target of $75,000 and a maximum target of $1.24 million. The campaign proceeds will be used for marketing and expansion, hiring new musicians, product development, and contingency capital.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$808,485

$238,066

COGS

$1,341,141

$586,812

Tax

$0

$0

 

 

Net Income

$-842,889

$-579,342

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$100,005

$213,026

Accounts Receivable

$4,621

$15,782

Total Assets

$570,747

$723,157

Short-Term Debt

$187,825

$377,153

Long-Term Debt

$56,194

$249,936

Total Liabilities

$244,019

$627,089

Financials as of: 03/14/2023
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Musiversal on Wefunder 2023
Platform: Wefunder
Security Type: Convertible Note
Valuation: $15,000,000

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