Riding Phat
About this raise
Riding Phat, with a pre-money valuation of $2.5 million, is raising crowdfunding on Wefunder. It is the TV show that follows the ups and downs of the entrepreneurial journey of Phat Scooters. The show gives an inside look at the company that makes customized electric scooters for the Hollywood elite and top athletes. Riding Phat is led by Peter Johnson and Derrick J Mains. The current crowdfunding round has a minimum raise of $150,000 and a maximum raise of $1,070,000, and the funds will be used for the production and post-production expenses of season one and a few episodes of season two. Riding Phat has a five-year deal with Crackle TV/Sony and has three sources to make money.
Investment Overview
Not Funded: $0
Deal Terms
Total Commitments
- Platform
- Wefunder
- Start Date
- 10/06/2020
- Close Date
- 12/09/2020
$150,000
$1,070,000
$100
Equity - Common
Early Stage
RegCF
$0.38
$2,500,000
Company & Team
Company
- Year Founded
- 2020
- Industry
- Media, Entertainment & Publishing
- Tech Sector
- Distribution Model
- B2B2C
- Margin
- Medium
- Capital Intensity
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Company Funding & Growth
Funding history
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 12/09/2020 | Wefunder | $2,500,000 | $0 | Equity - Common | Not Funded | RegCF |
