nedl

nedl

Closed: Apr. 2022

About this raise: nedl, with a valuation of $22.5 million, is raising funds on Republic. The app makes it possible for everyone to have their own live radio show in 90 seconds. The users can share their links, and listeners can tune in automatically, without having to download any app. nedl allows audio creators to amplify, monetize, and transcribe their words in real-time. nedl is democratizing access to information and the microphone. It has lots of opportunities ahead with the support of its strong team and disrupting technology. Ayinde Alakoye founded nedl in 2017. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $535,000. The campaign proceeds will be used to become the premier platform for audio creation and discovery.

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Investment Overview

Invested this round: $155,019

Deal Terms

Total Commitments ($USD)

Platform
Republic
Start Date
10/15/2021
Close Date
04/22/2022
Min. Goal
$25,000
Max. Goal
$535,000
Min. Investment

$150

Security Type

SAFE

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$22,500,000

Discount

0%

Company & Team

Company

Year Founded
2020
Industry
Media, Entertainment & Publishing
Tech Sector
MediaTech
Distribution Model
B2C
Margin
Medium
Capital Intensity
Low
Location
Santa Monica, California
Business Type
Growth
Company Website
Visit Website

Team

Employees
1
Prior Founder Exits?
No
Founder Name
Ayinde Alakoye
Title
CEO

Financials

 Revenue -65.4% YoY
$187
 Monthly Burn
$11,739
 Runway
0.6 months

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$187

$540

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-140,870

$-749,128

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$6,473

$486

Accounts Receivable

$0

$0

Total Assets

$321,307

$311,053

Short-Term Debt

$33,700

$20,326

Long-Term Debt

$202,460

$99,419

Total Liabilities

$236,160

$119,745

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$165,110
VC Backed?
Yes
Close Date Platform Valuation Total Raised Security Type Status Reg Type
04/22/2022 Republic $22,500,000 $155,019 SAFE Funded RegCF
09/30/2020 Wefunder $5,000,000 $75,260 Convertible Note Funded RegCF
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Growth Charts

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Valuation History

Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Employee History

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nedl on Republic 2021
Platform: Republic
Security Type: SAFE
Valuation: $22,500,000

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