Overview
Raised: $15,780
Total Commitments ($USD)
Platform
Wefunder
Start Date
12/02/2021
Close Date
04/29/2024
Min. Goal
$50,000
Max. Goal
$1,069,999
Min. Investment
$100
Security Type
Equity - Preferred
Series
Pre-Seed
SEC Filing Type
RegCF
Price Per Share
$1.00
Early Bird Valuation
$7,490,000
Pre-Money Valuation
$10,700,000
Rolling Commitments ($USD)
Status
Active
Reporting Date
12/02/2023
Days Remaining
149
% of Min. Goal
32%
% of Max. Goal
1%
Likelihood of Max
Avg. Daily Raise
$22
Momentum
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Year Founded
2017
Industry
Media, Entertainment & Publishing
Tech Sector
MediaTech
Distribution Model
B2C
Margin
Low
Capital Intensity
Low
ReelwUrld, with a valuation of $10.7 million, is raising funds on Wefunder. 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. ReelwUrld works on a crowdsourced cinematic universe model and allows people to create their own characters and stories. The first show of the studio, Justice for Hire, generated over 7.5 million views. Jan Lucanus founded ReelwUrld in 2017. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1,069,999. The campaign proceeds will be used for marketing, technology, production, and contingencies.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$231 |
$0 |
|
COGS |
$7 |
$19 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-16,288 |
$-4,651 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$34 |
$511 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$13,435 |
$13,976 |
|
Short-Term Debt |
$5,000 |
$5,960 |
|
Long-Term Debt |
$13,146 |
$11,831 |
|
Total Liabilities |
$18,146 |
$17,791 |
Financials as of: 12/02/2021
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Raise History
| Offering Name | Close Date | Platform | Valuation/Cap | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|---|
| ReelwUrld | 04/29/2024 | Wefunder | $10,700,000 | $15,780 | Equity - Preferred | Active | RegCF |
| ReelwUrld | 03/01/2021 | Netcapital | $10,700,000 | $0 | Equity - Common | Not Funded | RegCF |
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