Dare
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 $
Microventures
09/11/2020
12/09/2020
$50,000
$250,000
$100
Convertible Note
Test the Waters / RegCF
Pre-Seed
$5,000,000
20%
Weekly Commitments $
12/09/2020
280%
56%
$1,575
252
Venice, California
Media, Entertainment & Publishing
MediaTech
B2B/B2C
Medium
Low
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 |
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