Overview

Raised to Date: Raised: $99,500

Deal Terms

Investment Momentum

Company Profile

Deal Summary

Financials

Total Commitments ($USD)

Platform

Wefunder

Start Date

05/18/2022

Close Date

07/28/2022

Min. Goal

$50,000

Max. Goal

$5,000,000

Min. Investment

$100

Security Type

Convertible Note

Series

Seed

SEC Filing Type

RegCF    

Valuation Cap

$100,000,000

Discount

15%

Rolling Commitments ($USD)

Status

Funded

Reporting Date

07/30/2022

Days Remaining

Funded

% of Min. Goal

Funded

% of Max. Goal

Funded

Likelihood of Max

Funded

Avg. Daily Raise

$1,421

# of Investors

63

Momentum

Funded

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Rainshine Global

Year Founded

2020

Industry

Media, Entertainment & Publishing

Tech Sector

MediaTech

Distribution Model

B2B2C

Margin

Low

Capital Intensity

High

Location

New York, New York

Business Type

Growth

Company Website

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.

Summary Profit and Loss Statement

	Most Recent Year	Prior Year
Revenue	$5,589,607	$0
COGS	$5,261,725	$0
Tax	$-36,689	$0
Net Income	$-3,747,447	$0

Summary Balance Sheet

	Most Recent Year	Prior Year
Cash	$2,277,590	$0
Accounts Receivable	$571,277	$0
Total Assets	$30,753,345	$0
Short-Term Debt	$4,930,731	$0
Long-Term Debt	$3,168,108	$0
Total Liabilities	$8,098,839	$0

Financials as of: 05/18/2022

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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.

Read Founder Interview