Relevnt
Early Stage
The People’s App
Overview
Raised: $125
Total Commitments ($USD)
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
Series
Pre-Seed
SEC Filing Type
RegCF
Price Per Share
$1.00
Pre-Money Valuation
$13,365,580
Rolling Commitments ($USD)
Status
Not Funded
Reporting Date
11/30/2022
Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise
$1
Momentum
Not Funded
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Year Founded
2012
Industry
Media, Entertainment & Publishing
Tech Sector
MediaTech
Distribution Model
B2C
Margin
Low
Capital Intensity
Low
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.
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 |
Financials as of: 07/26/2022
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