Revohloo
Interactive Music Video Technology.
Overview
Raised: $33,641
Total Commitments ($USD)
Platform
Netcapital
Start Date
10/01/2021
Close Date
04/29/2022
Min. Goal
$10,000
Max. Goal
$250,000
Min. Investment
$99
Security Type
Equity - Common
Series
Pre-Seed
Funding Type
RegCF
Price Per Share
$0.24
Pre-Money Valuation
$12,070,800
Rolling Commitments ($USD)
Status
Funded
Reporting Date
05/01/2022
Days Remaining
Funded
% of Min. Goal
336%
% of Max. Goal
13%
Likelihood of Max
Funded
Avg. Daily Raise
$160
Momentum
Funded
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Location
Las Vegas, Nevada
Industry
Media, Entertainment & Publishing
Tech Sector
AdTech
Distribution Model
B2B/B2C
Margin
High
Capital Intensity
Low
Revohloo, with a valuation of $12.07 million, is raising funds on NetCapital. The company has created a revolutionary music video technology that provides engaging experiences for fans and creates value for artists. The business model of Revohloo favors the compensation of music rights-holders, artists, and advertisers. Revohloo is powered by AdDefender that stitches advertisements into an interactive music video, and delivers one packet to the viewers. Glen DeBarros and Gerardo Melendrez founded Revohloo in March 2017. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $250,000. The campaign proceeds will be used for app development, marketing, content development, accounting, office expenses, and salaries.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$7,241 |
$-5,806 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$580 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$14,937 |
$3,696 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$76,873 |
$76,873 |
|
Total Liabilities |
$76,873 |
$76,873 |
Financials as of: 10/01/2021
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Raise History
| Offering Name | Close Date | Platform | Valuation/Cap | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|---|
| Revohloo | 04/29/2022 | Netcapital | $12,070,800 | $33,641 | Equity - Common | Funded | RegCF |
| Revohloo | 06/25/2018 | StartEngine | $33,697,650 | $2,927 | Equity - Common | Not Funded | RegCF |
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