Zomo
Early Stage
Powering fitness creators online in the explosive $59B market
Overview
Raised: $104,900
Total Commitments ($USD)
Platform
Wefunder
Start Date
04/19/2022
Close Date
10/26/2022
Min. Goal
$50,000
Max. Goal
$1,070,000
Min. Investment
$100
Security Type
SAFE
Series
Seed
SEC Filing Type
RegCF
Early Bird Val. Cap
$12,000,000
Valuation Cap
$14,000,000
Discount
0%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
10/30/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$555
Momentum
Funded
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Year Founded
2020
Industry
Fitness & Wellness
Tech Sector
MarketplaceTech
Distribution Model
B2B/B2C
Margin
High
Capital Intensity
Low
Zomo, with a valuation of $14 million, is raising funds on Wefunder. The company has developed a platform that allows fitness creators to offer live-streaming and on-demand classes. The platform streamlines online commerce for fitness creators and enables them to grow their brand and monetize their content. Zomo also comes with AI technology that helps in giving Fitbit-level data using just a camera. Arnab Raychaudhuri founded Zomo in September 2020. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1,070,000. The campaign proceeds will be used for engineering, product development, sales, and marketing.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-10,957 |
$-2,139 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$130,797 |
$16,925 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$372,292 |
$55,959 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$380,000 |
$25,000 |
|
Total Liabilities |
$380,000 |
$25,000 |
Financials as of: 04/19/2022
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