SongVest
Early Stage
Invest in Hit Songs From Your Favorite Artists with SongShares
Overview
Raised: $421,654
Total Commitments ($USD)
Platform
Dalmore Group
Start Date
09/12/2022
Close Date
Not Provided
Min. Goal
$33,000,000
Max. Goal
$66,000,000
Min. Investment
$250
Security Type
SAFE
Series
Seed
SEC Filing Type
RegA+
Valuation Cap
$20,000,000
Discount
0%
Rolling Commitments ($USD)
Status
Active
Reporting Date
11/29/2023
% of Min. Goal
1%
% of Max. Goal
1%
Likelihood of Max
Avg. Daily Raise
$952
# of Investors
383
Momentum
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Year Founded
2021
Industry
Financial & Insurance Products & Services
Tech Sector
Fintech
Distribution Model
B2B2C
Margin
High
Capital Intensity
Low
SongVest is raising funds independently through Reg A+ crowdfunding. 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 $33 million and a maximum target of $66 million. The campaign proceeds will be used for the acquisition of music royalty assets.
Balance Sheet
|
Cash and Cash Equivalents |
$239,624 |
| Total Assets |
$459,023 |
|
Accounts Payable & Accrued Liabilities |
$47,124 |
|
Long Term Debt |
$0 |
|
Total Liabilities |
$450,239 |
|
Total Stockholders' Equity |
$8,784 |
| Total Liabilities and Equity |
$459,023 |
Statement of Comprehensive Income Information
|
Total Revenues |
$204,092 |
| Net Income |
$-503,716 |
|
Earnings Per Share - Basic |
$0.00 |
|
Earnings Per Share - Diluted |
$0.00 |
Auditor: Armanino LLP
Financials as of: 09/12/2022
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