nedl

nedl

Early Stage

Have your own live radio show — in seconds!

Have your own live radio show — in seconds!

Overview

Raised to Date: Raised: $75,260

Total Commitments ($USD)

Platform

Wefunder

Start Date

06/14/2020

Close Date

09/29/2020

Min. Goal
$50,000
Max. Goal
$250,000
Min. Investment

$250

Security Type

Convertible Note

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$5,000,000

Discount

20%

Rolling Commitments ($USD)

Status
Funded
Reporting Date

09/29/2020

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$703

# of Investors

84

Momentum
Funded
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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

nedl, with a valuation cap of $8 million, is raising crowdfunding on Wefunder. The app makes it possible for everyone to have their own live radio show in 90 seconds. The users can share their link ad 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 was founded by Ayinde Alakoye and has raised over $1.5 million since its founding. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $250,000, and the funds will be used for personnel, user acquisition, and ongoing server costs. 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.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$540

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-883,266

$-493,610

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$486

$758,162

Accounts Receivable

$0

$0

Total Assets

$12,556

$770,162

Short-Term Debt

$20,326

$17,394

Long-Term Debt

$175,000

$0

Total Liabilities

$195,326

$17,394

Financials as of: 06/14/2020
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
nedl 04/21/2022 Republic $22,500,000 $155,019 SAFE Funded RegCF
nedl 09/29/2020 Wefunder $5,000,000 $75,260 Convertible Note Funded RegCF
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nedl on Wefunder
Platform: Wefunder
Security Type: Convertible Note
Valuation: $5,000,000

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