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
Total Commitments
- Platform
- Wefunder
- Start Date
- 03/12/2021
- Close Date
- 08/26/2021
$200,000
$1,070,000
$250
Equity - Preferred
Early Stage
RegCF
$0.10
$14,600,000
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%
Upgrade to gain access
-
$12.50 /month
billed annually - Free portfolio tracking, data-driven ratings, AI analysis and reports
- Plan Includes:
- Everything in Free, plus
- Company specific
Kingscrowd ratings and analyst reports
- Deal explorer and side-by-side comparison
- Startup exit and failure tracking
- Startup market filters and historical industry data
- Advanced company search ( with ratings)
- Get Edge Annual
Edge
Ratings 
Company Funding & Growth
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 |