Vennly
Early Stage
End-to-end platform for enterprises to create and share secure audio both internally and externally
Overview
$28,958 - RegCF
$38,958 - Total
$38,958 - Total
Total Commitments ($USD)
Platform
SeedInvest
Start Date
05/23/2022
Close Date
06/21/2022
Min. Goal
$25,000
Max. Goal
$1,070,000
Min. Investment
$998
Security Type
Equity - Preferred
Series
Pre-Seed
SEC Filing Type
RegCF
/ RegD 506(c)
Price Per Share
$2.86
Pre-Money Valuation
$5,000,000
Rolling Commitments ($USD)
Status
Funded
Reporting Date
06/29/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$1,034
Momentum
Funded
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Year Founded
2019
Industry
Business Services, Software, & Applications
Tech Sector
EnterpriseTech
Distribution Model
B2B
Margin
Medium
Capital Intensity
Low
Vennly, with a valuation of $5 million, is raising funds on SeedInvest. The company has developed a platform for enterprises to create and share audio internally and externally. The audio remains secure and can be shared to the priority channels in custom-branded players with detailed analytics. Vennly’s customers include Smartsheet, SAP, ExxonMobil, and Macmillan, and it is finalizing a partnership with The Second City in Chicago. Brian Landau, Dan Densen, and Max Engel founded Vennly in August 2019. 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 for marketing and acquisition, technology costs, team, and general and administrative expenses.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$89,705 |
$58,340 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-294,107 |
$-288,198 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$94,006 |
$338,093 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$94,560 |
$338,924 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$1,054,614 |
$1,004,870 |
|
Total Liabilities |
$1,054,614 |
$1,004,870 |
Financials as of: 05/23/2022
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