Dare

Test the Waters
BETA

Social media app centered around dares anticipating the launch of a new version of its mobile app in Q3 2020

Analytics

Raised to Date: $140,186

Aggregate Commitments $
Platform

Microventures

Start Date

09/11/2020

Close Date

12/09/2020

Min. Goal

$50,000

Max. Goal

$250,000

Min. Investment

$100

Security Type

Convertible Note

Funding Type

Test the Waters / RegCF

Series

Pre-Seed

Valuation Cap

$5,000,000

Discount Rate

20%

Weekly Commitments $
Status
Funded
Reporting Date

12/09/2020

Days Remaining
Funded
% of Min. Goal

280%

% of Max. Goal

56%

Likelihood of Max
Funded
Avg. Daily Raise

$1,575

# of Investors

252

Momentum
Funded
Location

Venice, California

Industry

Media, Entertainment & Publishing

Tech Sector

MediaTech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

Low

Business Type

Growth

Dare, with a valuation cap of $5 million, is raising crowdfunding on MicroVentures. It is a social media platform that revolves around the idea of dares. The users get to interact with their friends and strangers, give them dares to complete, and complete dares given to them. Dare has also introduced dynamic AR avatars. Edvard Erken Hoili and Maria Erken Hoili founded Dare in June 2020. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $250,000. The proceeds will be used for general marketing, future wages, research and development, and general working capital. Dare plans to launch the new version of its mobile app in the third quarter of 2020. The previous version of Dare achieved over 12,000 downloads.

Summary of Crowdfunding Raises
Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
05/24/2021 Microventures $5,000,000 $25,500 Convertible Note Active RegCF
12/09/2020 Microventures $5,000,000 $140,186 Convertible Note Confirmed Closed Test the Waters

Ratings

last updated 12/10/2020

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