festivalPass

Neutral
BETA

The 1st live event subscription marketplace across music, film, food and wine

Analytics

Raised to Date: $101,852

Aggregate Commitments $
Platform

Wefunder

Start Date

08/12/2020

Close Date

12/05/2020

Min. Goal

$50,001

Max. Goal

$1,070,000

Min. Investment

$100

Security Type

Equity - Common

Funding Type

RegCF

Series

Seed

Pre-Money Valuation

$11,200,000

Weekly Commitments $
Status

Active

Reporting Date

09/23/2020

Days Remaining

70

% of Min. Goal

204%

% of Max. Goal

10%

Likelihood of Max
Avg. Daily Raise

$2,425

# of Investors

12

Momentum
Location

New York, NY

Industry

Media, Entertainment & Publishing

Tech Sector

MarketplaceTech

Distribution Model

B2B/B2C

Margin

High

Capital Intensity

Low

Business Type

Growth

festivalPass, with a pre-money valuation of $11.2 million, is raising crowdfunding on Wefunder. 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 and has raised over $1.4 million since its inception. The current crowdfunding round has a minimum raise of $50,001 and a maximum raise of $1,070,000, and the funds will be used for product development, marketing, and hiring business development staff. 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

$1,184

$0

COGS

$2,256

$0

Tax

$0

$0

 

 

Net Income

$-125,125

$0

Summary Balance Sheet
Most Recent Year Prior Year

Cash

$-125

$0

Accounts Receivable

$0

$0

Total Assets

$-125

$0

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0

Ratings

last updated 09/24/2020

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