Treefort Music Fest
About this raise
Treefort Music Fest, with a $20 million pre-money valuation, is raising crowdfunding on Wefunder. It is a five-day festival, which is more than just a music festival. The fest functions as the hub and multiplier of Boise’s creative capital and economy and energizes Boise’s cultural and economic ecosystem. Treefort Music Fest was founded by Lori Shandro, Eric Gilbert, Drew Lorona, and Megan Stoll, and is partly owned by Decker Rolph and John Michael Schert. The proceeds of the current crowdfunding campaign, with a minimum goal of $50,001 and a maximum goal of $1,050,000, will be used to cover the losses due to postponement of the festival and pay the team. Treefort Music Fest has sold over 40,000 full festival passes and had 133,000 attendees over the past eight years. The fest generates $1.8 million in annual revenue, with a growth of 17% each year.
Investment Overview
Invested : $361,283
Deal Terms
Total Commitments
- Platform
- Wefunder
- Start Date
- 08/03/2020
- Close Date
- 06/23/2021
$50,001
$1,050,000
$100
Equity - Preferred
Growth Stage
RegCF
$21.00
$20,000,000
Company & Team
Company
- Year Founded
- 2014
- Industry
- Media, Entertainment & Publishing
- Tech Sector
- Distribution Model
- B2B/B2C
- Margin
- Low
- Capital Intensity
Financials
- Revenue +56% YoY
- $1,897,601
- Monthly Burn
- Profitable
-
Cash on Hand
- $190,919
- Gross Margin
- 89%
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Company Funding & Growth
Funding history
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 06/23/2021 | Wefunder | $20,000,000 | $361,283 | Equity - Preferred | Funded | RegCF |