Nixplay
About this raise
Nixplay, with a valuation of $39.38 million, is raising funds on StartEngine through Reg A+ crowdfunding. The company uses AI to build smart digital frames and connects families through its app. The app allows users to share their pictures easily and securely with their loved ones and has a community of over 3 million users. Nixplay has achieved a lifetime revenue of $330 million, with 34,000 paying subscribers and an ARR of $1.8 million in 2022. Mark Palfreeman founded Nixplay in 2022. The current crowdfunding campaign has a maximum target of $15 million. The campaign proceeds will be used for marketing and user acquisition, product development, and general and administrative expenses.
Investment Overview
Invested $641,812 :
Deal Terms
Company & Team
Company
- Year Founded
- 2022
- Industry
- Media, Entertainment & Publishing
- Tech Sector
- Distribution Model
- B2C
- Margin
- Medium
- Capital Intensity
- Low
Financials
- Revenue -54.6% YoY
- $9,025,516
- Monthly Burn
- $401,589
-
Runway
- 6.4 months
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $2,700,000
- VC Backed?
- Yes
Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
---|---|---|---|---|---|---|
12/22/2023 | StartEngine | $39,379,547 | $641,812 | Equity - Preferred | Funded | RegA+ |