Quantum Music
Early Stage
An online marketplace for the $30B+ Asian influencer economy
Overview
Raised: $79,024
Total Commitments ($USD)
Platform
Republic
Start Date
11/15/2021
Close Date
03/15/2022
Min. Goal
$25,000
Max. Goal
$1,070,000
Min. Investment
$100
Security Type
SAFE
Series
Seed
SEC Filing Type
RegCF
Valuation Cap
$10,000,000
Discount
15%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
03/30/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$664
# of Investors
182
Momentum
Funded
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Year Founded
2018
Industry
Marketing & Advertising
Tech Sector
MarketplaceTech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
Low
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: 11/15/2021
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