SongVest

SongVest

Early Stage

Invest in Hit Songs From Your Favorite Artists with SongShares

Invest in Hit Songs From Your Favorite Artists with SongShares

Overview

Raised this Round: Raised: $491,274

Total Commitments ($USD)

Platform

Dalmore Group

Start Date

09/11/2022

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+    Open SEC Filing

Valuation Cap

$20,000,000

Discount

0%

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

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: 09/11/2022
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
SongVest 12/05/2024 Dalmore Group $20,000,000 $491,274 SAFE Active RegA+
SongVest 05/30/2023 Dealmaker Securities $20,000,000 $233,661 SAFE Funded RegCF
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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

Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Employee History

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SongVest on Self-Managed 2022
Platform: Dalmore Group
Security Type: SAFE
Valuation: $20,000,000

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