Nixplay

Nixplay

Growth Stage

Sharing & Celebrating Life's Most Precious Moments

Sharing & Celebrating Life's Most Precious Moments

Overview

Raised to Date: Raised: $641,812

Total Commitments ($USD)

Platform

StartEngine

Start Date

03/19/2023

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

Rolling Commitments ($USD)

Status
Funded
Reporting Date

12/30/2023

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

$2,317

# of Investors

403

Momentum
Funded
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Year Founded

2022

Industry

Media, Entertainment & Publishing

Tech Sector

MediaTech

Distribution Model

B2C

Margin

Medium

Capital Intensity

Low

Location

Minnetonka, Minnesota

Business Type

Growth

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.

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

Financials as of: 03/19/2023
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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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