Vennly

Early Stage

End-to-end platform for enterprises to create and share secure audio both internally and externally

Analytics

Raised to Date:
$28,958 - RegCF
$38,958 - Total

Aggregate 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

Funding Type

RegCF / RegD 506(c)

Series

Pre-Seed

Price Per Share

$2.86

Pre-Money Valuation

$5,000,000

Rolling Commitments $

Status
Funded
Reporting Date

06/22/2022

Days Remaining
Funded
% of Min. Goal

116%

% of Max. Goal

3%

Likelihood of Max
Funded
Avg. Daily Raise

$1,034

Momentum
Funded
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Location

New York, New York

Industry

Business Services, Software, & Applications

Tech Sector

EnterpriseTech

Distribution Model

B2B

Margin

Medium

Capital Intensity

Low

Business Type

High Growth

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: 05/24/2022
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Vennly on SeedInvest 2022
$
Platform: SeedInvest
Security Type: Equity - Preferred
Valuation: $5,000,000

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