PennyFly Entertainment
About this raise
PennyFly Entertainment, with a valuation of $7.2 million, is raising funds on NetCapital. It is a record label and entertainment company that provides artists with an alternative to major labels. The company offers fair profit splits, flexible deal terms, and access to some specific music industry channels. The business model of PennyFly Entertainment works on partnership revenues, “label for hire” services, merchandise and streaming revenues, and other projects. Tyler Prescott founded PennyFly Entertainment in May 2017. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $1,069,992. The campaign proceeds will be used for payroll, marketing, CFO contract, insurance, hosting, travel, new equipment, and telecommunications.
Investment Overview
Invested : $41,304
Deal Terms
Total Commitments
- Platform
- Netcapital
- Start Date
- 12/10/2021
- Close Date
- 04/29/2022
$10,000
$1,069,992
$99
Equity - Common
Early Stage
RegCF
$0.72
$7,200,000
Company & Team
Company
- Year Founded
- 2017
- Industry
- Media, Entertainment & Publishing
- Tech Sector
- Distribution Model
- B2B/B2C
- Margin
- Low
- Capital Intensity
- Low
Financials
- Revenue -57% YoY
- $61,262
- Monthly Burn
- Profitable
-
Cash on Hand
- $68,169
- Gross Margin
- 97%
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Company Funding & Growth
Funding history
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 04/29/2022 | Netcapital | $7,200,000 | $41,304 | Equity - Common | Funded | RegCF |