Quantum Music
About this raise
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.
Investment Overview
Invested : $79,024
Deal Terms
Total Commitments
- Platform
- Republic
- Start Date
- 11/16/2021
- Close Date
- 03/15/2022
$25,000
$1,070,000
$100
SAFE
Seed
RegCF
$10,000,000
15%
Company & Team
Company
- Year Founded
- 2018
- Industry
- Marketing & Advertising
- Tech Sector
- Distribution Model
- B2B/B2C
- Margin
- Medium
- Capital Intensity
- Low
Financials
- Revenue +29% YoY
- $108,910
- Monthly Burn
- $24,866
-
Runway
- 4.4 months
- Gross Margin
- 59%
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Company Funding & Growth
Funding history
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 03/15/2022 | Republic | $10,000,000 | $79,024 | SAFE | Funded | RegCF |