PromoTix

PromoTix

Early Stage

Event ticketing, marketing and live streaming

Event ticketing, marketing and live streaming

Overview

Raised this Round: Raised: $15,400

Total Commitments ($USD)

Platform

Wefunder

Start Date

06/17/2024

Close Date

10/14/2024

Min. Goal
$75,000
Max. Goal
$1,235,000
Min. Investment

$100

Security Type

SAFE

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Early Bird Val. Cap

$13,500,000

Valuation Cap

$15,000,000

Discount

10%

Year Founded

2019

Industry

Media, Entertainment & Publishing

Tech Sector

CommerceTech

Distribution Model

B2B2C

Margin

High

Capital Intensity

Location

Christiansted,

Business Type

Growth

PromoTix, with a valuation of $15 million, is raising funds on Wefunder. The company has developed a ticketing platform for in-person and live-streamed events. PromoTix manages event marketing, ticketing, and live streaming without the high fees of Ticketmaster and Eventbrite and has advanced marketing tools for event creators. The platform has 676,495 users and has generated $46.1 million in GMV in the first 29 months, with gross margins of over 82%. William Royall founded PromoTix in December 2019. The current crowdfunding campaign has a minimum target of $75,000 and a maximum target of $1.24 million. The campaign proceeds will be used for sales and marketing, new feature platform development, and client retention and expansion.

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$693,244

$265,798

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-175,330

$-656,566

Summary Balance Sheet

FY 2023 FY 2022

Cash

$66,572

$46,304

Accounts Receivable

$0

$0

Total Assets

$228,120

$53,285

Short-Term Debt

$178,808

$13,106

Long-Term Debt

$2,012,380

$1,828,118

Total Liabilities

$2,191,188

$1,841,224

Financials as of: 06/17/2024
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PromoTix on Wefunder 2024
Platform: Wefunder
Security Type: SAFE
Valuation: $15,000,000

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