Punch
Early Stage
Fast, meme-able comedy creation tools for the creator economy
Overview
Raised: $109,443
Total Commitments ($USD)
Platform
Republic
Start Date
03/30/2022
Close Date
04/30/2022
Min. Goal
$25,000
Max. Goal
$1,070,000
Min. Investment
$100
Security Type
SAFE
Series
Seed
SEC Filing Type
RegCF
Valuation Cap
$8,000,000
Discount
20%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
04/30/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$3,648
# of Investors
171
Momentum
Funded
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Year Founded
2022
Industry
Media, Entertainment & Publishing
Tech Sector
MediaTech
Distribution Model
B2C
Margin
Medium
Capital Intensity
Low
Punch, with a valuation of $8 million, is raising funds on Republic. The company has developed a platform with fast and meme-able comedy creation tools. The platform has Hollywood-fueled video creation templates that can be used by the creators’ community for Instagram and TikTok. Punch comes with augmented reality costumes, augmented reality backgrounds, hold-down to record button, and upload to social features. Aaron Simpson, Jamieson Mundy, and Aaron Gingrich founded Punch in March 2022. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $1,070,000. The campaign proceeds will be used to launch the full version of the app and partner with influencers.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-30,443 |
$-187,416 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$733 |
$31,175 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$194,633 |
$200,577 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$0 |
$0 |
Financials as of: 03/30/2022
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