SongVest

SongVest

Early Stage

Invest in Hit Songs From Your Favorite Artists with SongShares

Invest in Hit Songs From Your Favorite Artists with SongShares

Overview

Raised to Date: Raised: $233,661

Total Commitments ($USD)

Platform

Dealmaker Securities

Start Date

08/02/2022

Close Date

05/31/2023

Min. Goal
$50,000
Max. Goal
$5,000,000
Min. Investment

$100

Security Type

SAFE

SEC Filing Type

RegCF    Open SEC Filing

Early Bird Val. Cap

$15,000,000

Valuation Cap

$20,000,000

Discount

0%

Rolling Commitments ($USD)

Status
Funded
Reporting Date

06/03/2023

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

$776

Momentum
Funded
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Year Founded

2021

Industry

Financial & Insurance Products & Services

Tech Sector

Fintech

Location

Raleigh, North Carolina

Company Website

SongVest, with a valuation of $20 million, is raising funds on Dealmaker Securities. It is a music marketplace that allows fans and investors to purchase fractional shares of royalties from their favorite songs and artists. The users get to view SongShares, review auction details and financial highlights, and place their bids. SongVest is not only an investment platform but also a central hub for music fans to help boost streaming and other revenue streams of artists and record labels. Sean Peace and Alexander Guiva founded SongVest in March 2021. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $5 million. The campaign proceeds will be used for the acquisition of music royalty assets.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$204,092

$0

COGS

$703,425

$0

Tax

$0

$0

 

 

Net Income

$-503,716

$0

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$239,624

$0

Accounts Receivable

$97,206

$0

Total Assets

$459,023

$0

Short-Term Debt

$288,151

$0

Long-Term Debt

$0

$0

Total Liabilities

$288,151

$0
Financials as of: 08/02/2022
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
SongVest 12/05/2024 Dalmore Group $20,000,000 $491,274 SAFE Active RegA+
SongVest 05/30/2023 Dealmaker Securities $20,000,000 $233,661 SAFE 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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Add to portfolio
SongVest on Dealmaker Securities 2022
Platform: Dealmaker Securities
Security Type: SAFE
Valuation: $20,000,000

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Follow SongVest on Dealmaker Securities 2022
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Deal Analytics
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