SongVest

[Closed for Investment] 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.

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Investment Overview

Raised this Round: Raised: $122,056

Deal Terms

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

Revenue Share

Series

Seed

SEC Filing Type

RegA+    Open SEC Filing

Company & Team

Company

Year Founded
2021
Industry
Financial & Insurance Products & Services
Tech Sector
Fintech
Distribution Model
B2B2C
Margin
High
Capital Intensity
Low
Location
Raleigh, North Carolina
Business Type
Growth
Company Website
Visit Website

Team

Employees
1
Prior Founder Exits?
Yes
Founder Name
Sean Peace
Title
CEO

Financials

 Revenue
$204,092
 Monthly Burn
$41,976
 Runway
5.7 months

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
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Other Information

Note about Songvest:

Songvest is a fractional investment platform with numerous royalty offerings that allow investors to invest in Series LLCs in specific songs and artists. Kingscrowd currently only tracks the aggregate amount of capital raised through the Songvest Reg A+ offerings and does not track all the individual artists and songs:

  • “Hit the Quan” Producer’s Share
  • “Sanguine Paradise” Writer’s Share
  • “Gang Forever” Artist’s Share
  • “3 Headed Goat” Writer’s Share
  • “Chippass” Record Label’s Share
  • “DJ Fresh” Record Label’s Share & Writer’s Share
  • “Runnin’ (Lose It All)” Writer’s Share & Publisher’s Share
  • “Fear No More” Writer’s Share
  • “Cross Me” Writer’s Share
  • “YoungBoy NBA – Drawing Symbols” Writer’s Share
  • “Onyx, Travis Scott, The Notorious B.I.G. & More” Writer’s Share (excluding Performance) & Publisher’s Share
  • “Young L” Writer’s Share & Co-Publisher’s Share
  • “Cainon Lamb” Writer’s Share
  • “Erik Cain” Sound Recording Owner’s Share
  • “No Scrubs – TLC Version” Sound Recording Owner’s Share
  • “Creep – TLC Version” Sound Recording Owner’s Share
  • “Diggin On You – TLC Version” Sound Recording Owner’s Share
  • “Swish Swish” Writer’s Share & Publisher’s Share
  • “Allstar JR 3 Macs” Sound Recording “Shaudie Man STEP” Owner’s Share
    Sound Recording Owner’s Share
  • “Willie Taylor Soakin Wet” Sound Recording Owner’s Share
  • “Beyonce’s Radio” Producer’s Share
  • “I Know There’s Something Going On” Sound Recording Owner’s Share
  • “Smooth Up” Sound Recording Owner’s Share
  • “Beyonce’s Countdown and More” Writer’s Share
  • “Rockin’ Around the Christmas Tree” Producer’s Share
  • “Best Friend” Writer’s Share

Songvest has also done it’s own offerings for the parent company in the past on platforms such as Wefunder.

Company Funding & Growth

Funding history

Total Prior Capital Raised
$500,000
VC Backed?
No
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.

Employee History

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SongVest on Self-Managed 2022
Platform: Dalmore Group
Security Type: Revenue Share

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

SongVest Deal Report

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