Planet Theta

Planet Theta

Closed: Sep. 2023

About this raise

Planet Theta, with a valuation of $6.5 million, is raising funds on Wefunder. The company is developing a VR dating app for people to find love in a safe and secure environment. The main differentiators of Planet Theta include its quantum immune security, unique concepts to protect women, and use of AI to help people find love and fix dates quickly. Planet Theta has been featured in over 1,900 publications, including Forbes, BBC, Vanity Fair, and NYT, and plans to launch the early access app by Summer 2023. Aurora Townsend founded Planet Theta in April 2022. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1 million. The campaign proceeds will be used for app development and marketing.

Expand

Investment Overview

Not Funded: $0

Deal Terms

Total Commitments

Platform
Wefunder
Start Date
05/05/2023
Close Date
09/12/2023
Min. Goal
$50,000
Max Goal
$1,000,000
Min. Investment

$100

Security Type

SAFE

Company Stage

Early Stage

SEC Filing Type

RegCF    Open SEC Filing

Early Bird Val. Cap

$5,000,000

Valuation Cap

$6,500,000

Discount

0%

Company & Team

Company

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

Team

Employees
3
Prior Founder Exits?
No
Founder Name
Aurora Townsend
Title
CMO

Funding data not publicly available

Financials

 Revenue
$0
as of FY2022
 Monthly Burn
$139,809
as of FY2022
 Runway
0 months
as of FY2022

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-1,677,702

$0

Summary Balance Sheet

FY 2022 FY 2021

Cash

$0

$0

Accounts Receivable

$0

$0

Total Assets

$3,900

$0

Short-Term Debt

$233,000

$0

Long-Term Debt

$0

$0

Total Liabilities

$233,000

$0

Create a free account today to gain access to Kingscrowd analytics and financials.

Upgrade to gain access

Pay Monthly
Annually (2 months free)

Edge

$12.50 /month
billed annually
Free portfolio tracking, data-driven ratings, AI analysis and reports
Plan Includes:
Everything in Free, plus
Company specific Kingscrowd ratings and analyst reports
Deal explorer and side-by-side comparison
Startup exit and failure tracking
Startup market filters and historical industry data
Advanced company search ( with ratings)
Get Edge Annual
Already a member? Log in here.

Ratings Kingscrowd Startup Rating Methodology Article

Blurred Ratings Bars Blurred Ratings Bars

Company Funding & Growth

Funding history

Total Prior Capital Raised
$233,000
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
09/12/2023 Wefunder $6,500,000 $0 SAFE Not Funded RegCF
Create a free account today to gain access to Kingscrowd analytics.
Founders: enhance your startup's credibility on Kingscrowd. Create an account to claim this raise page.
Add to portfolio
Planet Theta on Wefunder 2023
Platform: Wefunder
Security Type: SAFE
Valuation: $6,500,000

Follow company

Follow Planet Theta on Wefunder 2023

Buy Planet Theta's Deal Report

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

Planet Theta Deal Report

Get Kingscrowd's comprehensive report on Planet Theta including:

  • How our proprietary algorithm rates their current capital raise (1-5 stars)
  • Detailed price, market, team, differentiators, performance, and risk ratings
  • Whether Planet Theta is undervalued or overvalued
  • Scores on the founding team and key personnel's background and expertise

Buy the Planet Theta deal report for only $10!

Email address:
Looking to buy more than one deal report? Get unlimited reports by upgrading to Edge