VerseBooks

VerseBooks

Closed: Nov. 2021

About this raise

VerseBooks, with a pre-money valuation of $10 million, is raising funds on TruCrowd. The platform is using blockchain technology to revolutionize the process of music creation. VerseBooks supports virtual collaborations by connecting producers, songwriters, artists, labels, and publishing rights organizations. Ryan Larry and Delence A. Sheares Sr. founded VerseBooks in October 2020. The proceeds of the current crowdfunding campaign, with a minimum target of $10,000 and a maximum target of $1,070,000, will be used for marketing, product development, and working capital. VerseBooks has built its proprietary software application that enables collaboration, registration, creation, licensing and distribution of musical content.

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Investment Overview

Invested this round: $22,506

Deal Terms

Total Commitments

Platform
truCrowd
Start Date
11/18/2020
Close Date
11/19/2021
Min. Goal
$10,000
Max Goal
$1,070,000
Min. Investment

$100

Security Type

Equity - Common

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$1.00

Pre-Money Valuation

$10,000,000

Company & Team

Company

Year Founded
2020
Industry
Media, Entertainment & Publishing
Tech Sector
MediaTech
Distribution Model
B2C
Margin
Medium
Capital Intensity
Low
Location
Toledo, Ohio
Business Type
Growth
Company Website
Visit Website

Team

Employees
2
Prior Founder Exits?
No
Founder Name
Delence Sheares
Title
CEO
Founder Name
Ryan Larry
Title
President

Financials

 Revenue
$0
 Monthly Burn
$174
 Runway
0 months

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-2,093

$0

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$0

$0

Accounts Receivable

$0

$0

Total Assets

$262,000

$0

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
11/19/2021 truCrowd $10,000,000 $22,506 Equity - Common Funded RegCF
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Add to portfolio
VerseBooks on TruCrowd
Platform: truCrowd
Security Type: Equity - Common
Valuation: $10,000,000
Price per Share: $1.00

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

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