Quantum Music

Early Stage

An online marketplace for the $30B+ Asian influencer economy

Analytics

Raised to Date: Raised: $79,024

Aggregate Commitments $

Platform

Republic

Start Date

11/16/2021

Close Date

03/15/2022

Min. Goal

$25,000

Max. Goal

$1,070,000

Min. Investment

$100

Security Type

SAFE

Funding Type

RegCF

Series

Seed

Valuation Cap

$10,000,000

Discount Rate

15%

Rolling Commitments $

Status
Funded
Reporting Date

03/31/2022

Days Remaining
Funded
% of Min. Goal

316%

% of Max. Goal

7%

Likelihood of Max
Funded
Avg. Daily Raise

$664

# of Investors

182

Momentum
Funded
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Location

CHICAGO, Illinois

Industry

Marketing & Advertising

Tech Sector

MarketplaceTech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

Low

Business Type

Growth

Quantum Music, with a valuation of $10 million, is raising funds on Republic. The company has developed a platform that matches Asian influencers with global brands. The gig marketplace helps brands select influencers to partner with and structure targeted marketing campaigns and supports influencers in getting more online traction. Quantum Music has an expanding network of over 300 affiliated influencers and reached more than 40 million followers by the second quarter of 2021. Quan Zhang and Quanwei Hu founded Quantum Music in August 2018. 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 for team hiring, influencer and brand acquisition, and technology improvement.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$108,910

$84,351

COGS

$44,384

$50,008

Tax

$0

$0

 

 

Net Income

$-298,387

$-352,446

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$109,623

$182,448

Accounts Receivable

$7,210

$0

Total Assets

$122,920

$190,564

Short-Term Debt

$135,949

$7,913

Long-Term Debt

$102,707

$0

Total Liabilities

$238,656

$7,913

Financials as of: 11/16/2021
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Quantum Music on Republic 2021
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Platform: Republic
Security Type: SAFE
Valuation: $10,000,000

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