Relevnt

Relevnt

Closed: Nov. 2022

About this raise

Relevnt, with a valuation of $13.3 million, is raising funds on NetCapital. It is a group messaging app that allows people to connect and interact freely with one another and share content they love. The app enables interactions through live chatrooms that are personalized by timeframes, geolocation, and interests. Relevnt has a growing pipeline of innovative features, including pop-up chatrooms and permanent chatrooms, and is already available on the App Store and Google Play. Winder Hughes and Tyler Droll founded Relevnt in May 2012. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $1,070,000. The campaign proceeds will be used for network and administration, tech and creative development, in-house content marketing, influencer marketing, and direct-to-consumer marketing.

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Investment Overview

Not Funded: $125

Deal Terms

Total Commitments

Platform
Netcapital
Start Date
07/26/2022
Close Date
11/28/2022
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

$13,365,580

Company & Team

Company

Year Founded
2012
Industry
Media, Entertainment & Publishing
Tech Sector
MediaTech
Distribution Model
B2C
Margin
Low
Capital Intensity
Low
Location
Ponte Vedra, Florida
Business Type
High Growth
Company Website
Visit Website

Team

Employees
9
Prior Founder Exits?
No
Founder Name
Widner Hughes
Title
CEO

Financials

 Revenue
$0
 Monthly Burn
$199,677
 Runway
4.6 months

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-2,396,126

$-538,637

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$915,790

$6,152

Accounts Receivable

$0

$0

Total Assets

$1,527,684

$687,780

Short-Term Debt

$2,162,959

$2,769,438

Long-Term Debt

$0

$0

Total Liabilities

$2,162,959

$2,769,438

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$0
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
11/28/2022 Netcapital $13,365,580 $125 Equity - Common Not Funded RegCF
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Add to portfolio
Relevnt on NetCapital 2022
Platform: Netcapital
Security Type: Equity - Common
Valuation: $13,365,580
Price per Share: $1.00

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Follow Relevnt on NetCapital 2022

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

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