ReelwUrld

ReelwUrld

Early Stage

Making the future of filmmaking social

Making the future of filmmaking social

Overview

Raised this Round: Raised: $15,480

Total Commitments ($USD)

Platform

Wefunder

Start Date

12/01/2021

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    Open SEC Filing

Price Per Share

$1.00

Early Bird Valuation

$7,490,000

Pre-Money Valuation

$10,700,000

Year Founded

2017

Industry

Media, Entertainment & Publishing

Tech Sector

MediaTech

Distribution Model

B2C

Margin

Low

Capital Intensity

Low

Location

Burbank, California

Business Type

Growth

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: 12/01/2021
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
ReelwUrld 04/28/2024 Wefunder $10,700,000 $15,480 Equity - Preferred Funded RegCF
ReelwUrld 02/28/2021 Netcapital $10,700,000 $0 Equity - Common Not Funded RegCF
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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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ReelwUrld on Wefunder 2021
Platform: Wefunder
Security Type: Equity - Preferred
Valuation: $10,700,000
Price per Share: $1.00

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