Strofe
Early Stage
Make your own music with AI in just a few clicks
Overview
Raised: $51,600
Total Commitments ($USD)
Platform
Wefunder
Start Date
10/06/2022
Close Date
04/30/2023
Min. Goal
$50,000
Max. Goal
$1,000,000
Min. Investment
$100
Security Type
SAFE
Series
Seed
Funding Type
RegCF
Valuation Cap
$12,000,000
Discount Rate
0%
Rolling Commitments ($USD)
Status
Active
Reporting Date
02/02/2023
Days Remaining
87
% of Min. Goal
103%
% of Max. Goal
5%
Likelihood of Max
Avg. Daily Raise
$434
# of Investors
13
Momentum
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Location
Portland, Oregon
Industry
Media, Entertainment & Publishing
Tech Sector
MediaTech
Distribution Model
B2C
Margin
Medium
Capital Intensity
Low
Strofe, with a valuation of $12 million, is raising funds on Wefunder. The company has developed an AI-based platform for people to make their own music in just a few clicks. The music creation platform enables creators to make their music without copyright infringement and aims to become the go-to music tool for over 100 million content creators globally. Strofe has had 120,000 users since its launch and is backed by Stanford’s StartX community. Alejandro Di Mare and Byron Walker founded Strofe in May 2021. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1 million. The campaign proceeds will be used for hiring, salaries, and marketing.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$280 |
$0 |
|
COGS |
$22 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-37,729 |
$0 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$93,946 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$146,496 |
$0 |
|
Short-Term Debt |
$9,060 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$9,060 |
$0 |
Financials as of: 10/06/2022
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