Rainshine Global
About this raise
Rainshine Global, with a valuation of $100 million, is raising funds on Wefunder. The company has created a content studio and blockchain marketplace for global creators. The marketplace, RainBlox, helps global creators in the global launch and monetization of their content with transparent rights and contracts. It also enables fans to become active community members and investors. Neeraj Bhargava founded Rainshine Global in October 2020. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $5,000,000. The campaign proceeds will be used for content development, working capital, and development of the RainBlox platform.
Investment Overview
Invested : $99,500
Deal Terms
Total Commitments
- Platform
- Wefunder
- Start Date
- 05/19/2022
- Close Date
- 07/28/2022
$50,000
$5,000,000
$100
Convertible Note
Growth Stage
RegCF
$100,000,000
15%
Company & Team
Company
- Year Founded
- 2020
- Industry
- Media, Entertainment & Publishing
- Tech Sector
- Distribution Model
- B2B2C
- Margin
- Low
- Capital Intensity
- High
Financials
-
Revenue
- $5,589,607
- Monthly Burn
- $312,287
-
Runway
- 7.3 months
- Gross Margin
- 6%
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $8,469,665
- VC Backed?
- No
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 07/28/2022 | Wefunder | $100,000,000 | $99,500 | Convertible Note | Funded | RegCF |
Founder Interview
Rainshine Global Founder Neeraj Bhargava on Creating Media 3.0
Making creative content is expensive. Video content such as Youtube videos can cost between hundreds and thousands of dollars to make, and some high-quality television shows cost around $4 million per episode. As a result, creators may have a hard time acquiring enough funding to make and share their content.Rainshine Global is a global digital entertainment company that helps creators produce and share multiple types of creative content, including short films, feature films, television shows, and more. Through RainBlox, the company’s blockchain-enabled platform, creators can directly engage with fans, monetize, receive investments, and co-create. We reached out to co-founder, Chairman, and CEO Neeraj Bhargava to hear about his criteria for choosing to build a startup and how much runway Rainshine Global currently has.
Note: This interview was conducted over phone and email. It has been lightly edited for clarity and length.