ReelwUrld (2021)

ReelwUrld (2021)

Withdrawn: Feb. 2021

About this raise

ReelwUrld, with a post-money valuation of $11.77 million, is raising crowdfunding on NetCapital. It is a social film studio making movies with the world. The patent-pending technology is merging social media with movies and shows to create a new form of filmmaking. Jan Lucanus founded ReelwUrld in 2017. The proceeds of the current crowdfunding campaign, with a minimum target of $10,000 and a maximum target of $1,070,000, will be used for technology development, marketing, patent filings, compensation, convertible note repayment, and legal and accounting expenses. ReelwUrld works on a crowdsourced cinematic universe model and allows people to create their own characters and stories.

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Investment Overview

Committed [Withdrawn]: $0

Deal Terms

Total Commitments

Platform
Netcapital
Start Date
01/01/2021
Close Date
03/01/2021
Min. Goal
$10,000
Max Goal
$1,070,000
Min. Investment

$99

Security Type

Equity - Common

Company Stage

Early Stage

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$1.00

Pre-Money Valuation

$10,700,000

Company & Team

Company

Year Founded
2017
Industry
Media, Entertainment & Publishing
Tech Sector
MediaTech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
Low
Location
Burbank, California
Business Type
Growth
Company Website
Visit Website

Team

Employees
3
Prior Founder Exits?
No
Founder Name
Jan Luncanus
Title
CEO
Founder Name
Autumn Kelly
Title
Chief of Narrative
Founder Name
Andra Stanciu
Title
CTO

Funding data not publicly available

Financials

 Revenue
$0
 Monthly Burn
$233
 Runway
2.1 months

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-2,795

$-11,403

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$495

$7

Accounts Receivable

$2,683

$0

Total Assets

$3,178

$7

Short-Term Debt

$12,500

$12,500

Long-Term Debt

$5,000

$0

Total Liabilities

$17,500

$12,500

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
04/29/2024 Wefunder $10,700,000 $15,480 Equity - Preferred Funded RegCF
03/01/2021 Netcapital $10,700,000 $0 Equity - Common Withdrawn RegCF
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Growth Charts

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Valuation History

Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Employee History

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Add to portfolio
ReelwUrld on NetCapital
Platform: Netcapital
Security Type: Equity - Common
Valuation: $10,700,000
Price per Share: $1.00

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Warning: according to the close date for this deal, ReelwUrld may no longer be accepting investments.

ReelwUrld Deal Report

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