Testament

Testament

Early Stage

Modern-day retelling of the Book of Acts

Modern-day retelling of the Book of Acts

Overview

Raised to Date: Raised: $442,436

Total Commitments ($USD)

Platform

Angel Funding

Start Date

04/04/2023

Close Date

04/27/2023

Min. Goal
$250,000
Max. Goal
$4,555,150
Min. Investment

$10

Security Type

Equity - Preferred

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$1.00

Pre-Money Valuation

$16,296,247

Rolling Commitments ($USD)

Status
Funded
Reporting Date

04/29/2023

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$20,111

# of Investors

1,118

Momentum
Funded
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Year Founded

2022

Industry

Media, Entertainment & Publishing

Tech Sector

Non-Tech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

Low

Location

Wilmington, Delaware

Business Type

Growth

Testament is raising funds on Angel Studios. It is a multi-season series based on the Book of Acts. The series follows a group of believers, filled with the Holy Spirit, as they go through dangers and persecution to tell people that He has risen. Testament aims to connect people to the stories in the Bible and reemphasize its teachings through a modern-day lens. The series started as a feature film but later expanded to become an upcoming multi-season show. Testament is written by Faith Syrstad and Kenneth Omole, directed by Paul Syrstad, and composed by Ed Watkins. The current crowdfunding campaign has a minimum target of $250,000 and a maximum target of $4.6 million. The campaign proceeds will be used for advertising and production expenses.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$0

$0

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$0

$0

Accounts Receivable

$0

$0

Total Assets

$0

$0

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0

Financials as of: 04/04/2023
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Testament 04/26/2023 Angel Funding $16,296,247 $442,436 Equity - Preferred Funded RegCF
Testament 11/22/2022 Angel Funding - $0 Equity - Preferred Funded RegCF
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Price per Share History

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

Valuation History

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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Testament on Angel Studios 2023
Platform: Angel Funding
Security Type: Equity - Preferred
Valuation: $16,296,247
Price per Share: $1.00

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