mySongbird
About this raise
mySongbird, with a pre-money valuation of $14.6 million, is raising funds on Wefunder. It is an OTT platform for streaming music concerts. The app will revolutionize the music industry with its ultimate concert viewing experience that aligns the interests of artists, fans, and the world as a whole. Michael Mountford founded mySongbird in September 2020. The current crowdfunding round has a minimum goal of $200,000 and a maximum goal of $1,070,000. The raise proceeds will target advertising, installment payment on loan taken for purchasing music license fees for concerts, and expansion of the content library. mySongbird has recently added a show catalog from Universal Music Group and expanded its memberships.
Investment Overview
Invested $295,705 :
Deal Terms
Company & Team
Company
- Year Founded
- 2020
- Industry
- Media, Entertainment & Publishing
- Tech Sector
- Distribution Model
- B2C
- Margin
- High
- Capital Intensity
- High
Financials
-
Revenue
- $20,858
- Monthly Burn
- $115,234
-
Runway
- 2.3 months
- Gross Margin
- 94%
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Funding history
Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
---|---|---|---|---|---|---|
08/26/2021 | Wefunder | $14,600,000 | $295,705 | Equity - Preferred | Funded | RegCF |