Revohloo
Early Stage
Get ready for the next leap in music video entertainment
Overview
Raised: $23,379
Total Commitments ($USD)
Platform
Netcapital
Start Date
06/06/2023
Close Date
11/17/2023
Min. Goal
$10,000
Max. Goal
$583,000
Min. Investment
$99
Security Type
Equity - Common
Series
Seed
SEC Filing Type
RegCF
Price Per Share
$0.30
Pre-Money Valuation
$18,112,101
Rolling Commitments ($USD)
Status
Active
Reporting Date
09/26/2023
Days Remaining
52
% of Min. Goal
234%
% of Max. Goal
4%
Likelihood of Max
Avg. Daily Raise
$209
Momentum
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Year Founded
2017
Industry
Media, Entertainment & Publishing
Tech Sector
AdTech
Distribution Model
B2C
Margin
Medium
Capital Intensity
Low
Revohloo, with a valuation of $18.11 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 which 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 $583,000. The campaign proceeds will be used for app development, marketing, music licensing, compensation, and operating costs.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-13,187 |
$-51,707 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$15,177 |
$22,067 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$77,291 |
$58,868 |
|
Short-Term Debt |
$72,401 |
$0 |
|
Long-Term Debt |
$39,599 |
$85,000 |
|
Total Liabilities |
$112,000 |
$85,000 |
Financials as of: 06/06/2023
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Raise History
| Offering Name | Close Date | Platform | Valuation/Cap | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|---|
| Revohloo | 11/17/2023 | Netcapital | $18,112,101 | $23,379 | Equity - Common | Active | RegCF |
| 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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