Paint Nite

Paint Nite

Growth Stage

A platform for artists + venues to easily earn money running creative events

A platform for artists + venues to easily earn money running creative events

Overview

Raised to Date: Raised: $99,941

Total Commitments ($USD)

Platform

Republic

Start Date

04/25/2023

Close Date

07/24/2023

Min. Goal
$25,000
Max. Goal
$1,235,000
Min. Investment

$100

Security Type

SAFE

Series

Series A

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$25,000,000

Discount

0%

Rolling Commitments ($USD)

Status
Funded
Reporting Date

07/30/2023

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

$1,123

# of Investors

192

Momentum
Funded
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Year Founded

2015

Industry

Media, Entertainment & Publishing

Tech Sector

MediaTech

Distribution Model

B2C

Margin

Medium

Capital Intensity

Low

Location

BOSTON, Massachusetts

Business Type

Growth

Paint Nite, with a valuation of $25 million, is raising funds on Republic. The company has developed a platform for artists and venues to earn money by running creative events. The platform makes it easy for artists and venues to come together, host unique and creative social events, and earn money. The flagship event of Paint Nite is a fun paint-and-sip party where guests recreate paintings and have fun. Paint Nite has sold 10 million tickets and generated $100 million in lifetime revenues. Dan Hermann founded Paint Nite in May 2015. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $1.24 million. The campaign proceeds will be used for host recruitment, sales and marketing, operations, and general working capital.

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$5,309,110

$8,404,580

COGS

$3,342,529

$3,592,203

Tax

$0

$0

 

 

Net Income

$302,963

$2,252,000

Summary Balance Sheet

FY 2022 FY 2021

Cash

$815,796

$293,963

Accounts Receivable

$29,898

$181,951

Total Assets

$1,084,066

$756,337

Short-Term Debt

$7,280,870

$9,592,673

Long-Term Debt

$4,004,172

$1,757,185

Total Liabilities

$11,285,042

$11,349,858

Financials as of: 04/25/2023
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Paint Nite on Republic 2023
Platform: Republic
Security Type: SAFE
Valuation: $25,000,000

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