SongVest
Early Stage
Invest in Hit Songs From Your Favorite Artists with SongShares
Overview
Raised: $233,661
Total Commitments ($USD)
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
SEC Filing Type
RegCF
Early Bird Val. Cap
$15,000,000
Valuation Cap
$20,000,000
Discount
0%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
06/04/2023
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$776
Momentum
Funded
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Year Founded
2021
Industry
Financial & Insurance Products & Services
Tech Sector
Fintech
Location
Raleigh, North Carolina
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.
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 |
Financials as of: 08/03/2022
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