Strofe

Early Stage

Make your own music with AI in just a few clicks

Overview

Raised to Date: 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
unlikely
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

Business Type

High Growth

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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Strofe on Wefunder 2022
$
Platform: Wefunder
Security Type: SAFE
Valuation: $12,000,000

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