festivalPass

festivalPass

Early Stage

A subscription marketplace

A subscription marketplace

Overview

Raised to Date: Raised: $85,483

Total Commitments ($USD)

Platform

StartEngine

Start Date

03/25/2021

Close Date

09/21/2021

Min. Goal
$9,999
Max. Goal
$999,999
Min. Investment

$144

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$2.88

Pre-Money Valuation

$20,000,000

Rolling Commitments ($USD)

Status
Funded
Reporting Date

09/29/2021

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$478

# of Investors

167

Momentum
Funded
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Year Founded

2019

Industry

Media, Entertainment & Publishing

Tech Sector

MarketplaceTech

Distribution Model

B2C

Margin

Low

Capital Intensity

High

Location

New York, New York

Business Type

Growth

festivalPass, with a pre-money valuation of $120 million, is raising crowdfunding on StartEngine. It is a live event subscription marketplace across music, film, food, and wine festivals. The platform allows festival-goers from around the world to join millions of other fans for a monthly fee. Edward Vincent founded festivalPass in 2019. The current crowdfunding round has a minimum raise of $9,999.36 and a maximum raise of $999,999.36, and the funds will be used to scale up, increase the number of paying subscribers, increase the active member accounts, and expand to Europe, Asia, and Latin America. festivalPass works on a credit-based gross margin positive business model on every transaction, generating recurring revenue.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$1,553

$1,184

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-1,020,518

$-125,060

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$92,412

$0

Accounts Receivable

$0

$0

Total Assets

$92,412

$0

Short-Term Debt

$183,863

$60

Long-Term Debt

$0

$0

Total Liabilities

$183,863

$60

Financials as of: 03/25/2021
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
festivalPass 09/20/2021 StartEngine $20,000,000 $85,483 Equity - Common Funded RegCF
festivalPass 12/03/2020 Wefunder $11,200,000 $120,800 Equity - Common Funded RegCF
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Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Valuation History

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Employee History

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festivalPass on StartEngine
Platform: StartEngine
Security Type: Equity - Common
Valuation: $20,000,000
Price per Share: $2.88

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