SongVest (2023)

SongVest (2023)

About this raise

SongVest, with a valuation of $20 million, is raising funds on Dealmaker Securities. It is a music marketplace that allows fans and investors to purchase fractional shares of royalties from their favorite songs and artists. The users get to view SongShares, review auction details and financial highlights, and place their bids. SongVest is not only an investment platform but also a central hub for music fans to help boost streaming and other revenue streams of artists and record labels. Sean Peace and Alexander Guiva founded SongVest in March 2021. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $5 million. The campaign proceeds will be used for the acquisition of music royalty assets.

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Investment Overview

Invested this round: $233,661

Deal Terms

Total Commitments

Platform
DealMaker Securities
Start Date
08/03/2022
Close Date
05/31/2023
Min. Goal
$50,000
Max Goal
$5,000,000
Min. Investment

$100

Security Type

SAFE

Company Stage

Early Stage

SEC Filing Type

RegCF    Open SEC Filing

Early Bird Val. Cap

$15,000,000

Valuation Cap

$20,000,000

Discount

0%

Company & Team

Company

Year Founded
2021
Industry
Financial & Insurance Products & Services
Tech Sector
Fintech
Distribution Model
B2B
Margin
Capital Intensity
Location
Raleigh, North Carolina
Company Website
Visit Website

Team

Employees
1

Financials

 Revenue
$0
 Monthly Burn
$41,976
 Runway
5.7 months

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$204,092

$0

COGS

$703,425

$0

Tax

$0

$0

 

 

Net Income

$-503,716

$0

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$239,624

$0

Accounts Receivable

$97,206

$0

Total Assets

$459,023

$0

Short-Term Debt

$288,151

$0

Long-Term Debt

$0

$0

Total Liabilities

$288,151

$0

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
09/24/2024 Dalmore Group - $122,056 Revenue Share Funded RegA+
05/31/2023 DealMaker Securities $20,000,000 $233,661 SAFE Funded RegCF
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Growth Charts

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Valuation History

Employee History

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Add to portfolio
SongVest on Dealmaker Securities 2022
Platform: DealMaker Securities
Security Type: SAFE
Valuation: $20,000,000

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Follow SongVest on Dealmaker Securities 2022

Buy SongVest's Deal Report

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

SongVest Deal Report

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  • Detailed price, market, team, differentiators, performance, and risk ratings
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  • Scores on the founding team and key personnel's background and expertise

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