Nixplay

Nixplay

Closed: Dec. 2023

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.

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Investment Overview

Invested this round: $641,812

Deal Terms

Total Commitments ($USD)

Platform
StartEngine
Start Date
03/20/2023
Close Date
Not Provided
Min. Goal
$500
Max Goal
$14,999,998
Min. Investment

$500

Security Type

Equity - Preferred

Series

Series A

SEC Filing Type

RegA+    Open SEC Filing

Price Per Share

$6.10

Pre-Money Valuation

$39,379,547

Company & Team

Company

Year Founded
2022
Industry
Media, Entertainment & Publishing
Tech Sector
MediaTech
Distribution Model
B2C
Margin
Medium
Capital Intensity
Low
Location
Minnetonka, Minnesota
Business Type
Growth
Company Website
Visit Website

Team

Employees
92
Prior Founder Exits?
No
Founder Name
Mark Palfreeman
Title
CEO

Financials

 Revenue -54.6% YoY
$9,025,516
 Monthly Burn
$401,589
 Runway
6.4 months

Balance Sheet

Cash and Cash Equivalents

$2,552,855

Accounts and Notes Receivable

$7,028,628

Property, Plant and Equipment (PP&E)

$171,463

Total Assets

$24,948,448

Accounts Payable & Accrued Liabilities

$8,033,468

Long Term Debt

$0

Total Liabilities

$20,566,797

Total Stockholders' Equity

$4,381,651

Total Liabilities and Equity

$24,948,448

Statement of Comprehensive Income Information

Total Revenues

$9,025,516

Costs & Expenses Applicable to Rev

$6,248,538

Depreciation and Amortization

$191,590

Net Income

$-4,819,065

Earnings Per Share - Basic

$-0.89

Earnings Per Share - Diluted

$-0.89

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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+
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Add to portfolio
Nixplay on StartEngine 2023
Platform: StartEngine
Security Type: Equity - Preferred
Valuation: $39,379,547
Price per Share: $6.10

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Follow Nixplay on StartEngine 2023

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Warning: according to the close date for this deal, Nixplay may no longer be accepting investments.

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