Overview

Raised to Date: Raised: $332,928

Deal Terms

Investment Momentum

Company Profile

Deal Summary

Financials

Total Commitments ($USD)

Platform

Wefunder

Start Date

03/13/2023

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    

Early Bird Val. Cap

$12,000,000

Valuation Cap

$15,000,000

Discount

20%

Venture Capital Investors:

Shilling Capital

LC Ventures

Best Horizon

RED Angels

Rolling Commitments ($USD)

Status

Funded

Reporting Date

04/30/2023

Days Remaining

Funded

% of Min. Goal

Funded

% of Max. Goal

Funded

Likelihood of Max

Funded

Avg. Daily Raise

$7,084

# of Investors

297

Momentum

Funded

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Musiversal

Year Founded

2020

Industry

Business Services, Software, & Applications

Tech Sector

MarketplaceTech

Distribution Model

B2B/B2C

Margin

Low

Capital Intensity

Low

Location

Wilmington, Delaware

Business Type

Growth

Company Website

Musiversal, with a valuation of $15 million (Earlybird valuation $12M), 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 grown 340% YoY and 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. André 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

	FY 2021	FY 2020
Revenue	$808,485	$238,066
COGS	$1,341,141	$586,812
Tax	$0	$0
Net Income	$-842,889	$-579,342

Summary Balance Sheet

	FY 2021	FY 2020
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: 03/13/2023

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Musiversal Founder Andre Miranda on Disrupting Music Production

Music is a powerful force in human culture. Listening to music can boost our moods, inspire us to create new things, and connect us to other people. But producing music is no easy feat. Music production software can be complicated, and booking recording studios and professional musicians is extremely expensive. 

That’s where Musiversal comes in. Musiversal is a fully remote recording studio that allows users to collaborate with musicians all over the world. We interviewed Musiversal founder and CEO Andre Miranda to learn about how his company is breaking down barriers in the music world.

Note: This interview was conducted over phone and email. It has been lightly edited for clarity and length.

Read Founder Interview