Zencastr

Growth Stage

All-in-one podcasting platform

Overview

Raised to Date: Raised: $443,976

Total Commitments ($USD)

Platform

Wefunder

Start Date

12/12/2022

Close Date

04/30/2023

Min. Goal

$150,000

Max. Goal

$1,235,000

Min. Investment

$100

Security Type

SAFE

Series

Pre-Seed

Funding Type

RegCF

Valuation Cap

$33,000,000

Discount Rate

0%

Rolling Commitments ($USD)

Status

Active

Reporting Date

02/02/2023

Days Remaining

87

% of Min. Goal

296%

% of Max. Goal

36%

Likelihood of Max
likely
Avg. Daily Raise

$8,538

# of Investors

778

Momentum
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Location

Cottonwood Heights, Utah

Industry

Media, Entertainment & Publishing

Tech Sector

MediaTech

Distribution Model

B2B

Margin

High

Capital Intensity

Low

Business Type

Growth

Zencastr, with a valuation of $28 million, is raising funds on Wefunder. The company has developed a podcasting platform that makes it easy to create, grow, and monetize podcasts. The platform is based on AI and uses the technology to match entities based on context, sentiment, date, location, category, gender, and engagement. Zencastr is already a dominant platform, with over 15% of the active podcasters using it. Josh Nielsen founded Zencastr in June 2020. The current crowdfunding campaign has a minimum target of $150,000 and a maximum target of $1.24 million. The campaign proceeds will be used for funding the existing operations and extending burn, building out the revenue sharing part of the business, and digital marketing.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$2,046,473

$796,902

COGS

$584,732

$103,100

Tax

$0

$0

 

 

Net Income

$-2,166,558

$-407,932

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$933,664

$3,042,417

Accounts Receivable

$0

$0

Total Assets

$2,433,662

$3,042,417

Short-Term Debt

$353,718

$276,862

Long-Term Debt

$150,000

$232,000

Total Liabilities

$503,718

$508,862

Financials as of: 12/12/2022
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Zencastr on Wefunder 2022
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Platform: Wefunder
Security Type: SAFE
Valuation: $33,000,000

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