Vennly

Vennly

Closed: Jun. 2022

About this raise

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.

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Investment Overview

Invested this round:
$28,958 - RegCF
$38,958 - Total

Deal Terms

Total Commitments

Platform
SeedInvest
Start Date
05/24/2022
Close Date
06/21/2022
Min. Goal
$25,000
Max Goal
$1,070,000
Min. Investment

$998

Security Type

Equity - Preferred

Company Stage

Early Stage

SEC Filing Type

RegCF / RegD 506(c)    Open SEC Filing

Price Per Share

$2.86

Pre-Money Valuation

$5,000,000

Company & Team

Company

Year Founded
2019
Industry
Business Services, Software, & Applications
Tech Sector
EnterpriseTech
Distribution Model
B2B
Margin
Medium
Capital Intensity
Low
Location
New York, New York
Business Type
High Growth
Company Website
Visit Website

Team

Employees
3
Prior Founder Exits?
No
Founder Name
Brian Landau
Title
CEO
Founder Name
Dan Densen
Title
CMO
Founder Name
Max Engel
Title
CPO/CTO

Financials

 Revenue +54% YoY
$89,705
 Monthly Burn
$24,509
 Runway
3.8 months

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

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$0
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
06/21/2022 SeedInvest $5,000,000 $38,958 Equity - Preferred Funded RegCF / RegD 506(c)
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Add to portfolio
Vennly on SeedInvest 2022
Platform: SeedInvest
Security Type: Equity - Preferred
Valuation: $5,000,000
Price per Share: $2.86

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Follow Vennly on SeedInvest 2022

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Warning: according to the close date for this deal, Vennly may no longer be accepting investments.

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