ToneStone
Early Stage
An interactive musical creativity platform for everyone
Overview
Raised: $79,123
Total Commitments ($USD)
Platform
Republic
Start Date
03/31/2022
Close Date
07/31/2022
Min. Goal
$25,000
Max. Goal
$1,070,000
Min. Investment
$150
Security Type
SAFE
Series
Seed
SEC Filing Type
RegCF
Valuation Cap
$10,000,000
Discount
20%
Rolling Commitments ($USD)
Status
Not Funded
Reporting Date
08/01/2022
Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise
$649
# of Investors
121
Momentum
Not Funded
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Year Founded
2018
Industry
Media, Entertainment & Publishing
Tech Sector
MediaTech
Distribution Model
B2C
Margin
Medium
Capital Intensity
Low
ToneStone, with a valuation of $10 million, is raising funds on Republic. The company has developed an interactive musical creativity platform for everyone. The platform is a radical departure from existing music software and makes it easy to make music on a massive scale. ToneStone is reinventing music-making and shifting the focus from complex and intimidating pro-tools to accessible and casual creative experiences. Greg LoPiccolo founded ToneStone in September 2018. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $1,070,000. The campaign proceeds will be used to evolve from a desktop beta to a fully-realized creative experience.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-55,157 |
$-6,562 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$261,058 |
$333,250 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$1,173,636 |
$376,141 |
|
Short-Term Debt |
$59,409 |
$33,522 |
|
Long-Term Debt |
$1,176,000 |
$350,000 |
|
Total Liabilities |
$1,235,409 |
$383,522 |
Financials as of: 03/31/2022
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