Musiversal

Early Stage
Empowering the world to make music
Overview
Raised: $500,895
Rolling Commitments ($USD)
Status
Active
Reporting Date
03/27/2023
Days Remaining
34
% of Min. Goal
668%
% of Max. Goal
41%
Likelihood of Max
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
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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