Vodi

Vodi

Early Stage

All-in-one messaging app to text, call translate, send eGifts and more

All-in-one messaging app to text, call translate, send eGifts and more

Overview

Raised this Round: Raised: $90,391

Platform

Wefunder

Start Date

04/11/2017

Close Date

06/30/2017

Min. Goal
$50,000
Max. Goal
$1,000,000
Min. Investment

$100

Security Type

SAFE

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$27,000,000

Discount

0%

Year Founded

2014

Industry

Media, Entertainment & Publishing

Tech Sector

MediaTech

Location

Duluth, Georgia

Vodi, with a valuation of $27 million, is raising funds on Wefunder. The company has developed an all-in-one messaging app. Vodi can be used to text, call translate, send e-gifts, and more. The app has closed beta with over 300,000 users across the world and reported a 200% growth in user base from October 2016 to January 2017. Darren Lu founded Vodi in June 2014. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1 million. The campaign proceeds will be used for marketing, partnerships, new product development, and rolling out a new payment model.

Summary Profit and Loss Statement

FY 2016 FY 2015

Revenue

$12,792

$90

COGS

$12,588

$31,465

Tax

$0

$0

 

 

Net Income

$-838,694

$-2,819,954

Summary Balance Sheet

FY 2016 FY 2015

Cash

$30,038

$14,493

Accounts Receivable

$0

$0

Total Assets

$234,964

$137,055

Short-Term Debt

$3,335,261

$2,957,029

Long-Term Debt

$518,371

$0

Total Liabilities

$3,853,632

$2,957,029

Financials as of: 04/11/2017
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Vodi on Wefunder 2017
Platform: Wefunder
Security Type: SAFE
Valuation: $27,000,000

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