Legion M

Overview

Raised to Date: Raised: $1,470,683

Total Commitments ($USD)

Platform

Wefunder

Start Date

08/06/2020

Close Date

04/30/2021

Min. Goal
$10,000
Max. Goal
$3,930,000
Min. Investment

$100

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$11.96

Pre-Money Valuation

$40,500,000

Rolling Commitments ($USD)

Status
Funded
Reporting Date

05/01/2021

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

$5,529

# of Investors

4,252

Momentum
Funded
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Year Founded

2016

Industry

Media, Entertainment & Publishing

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Low

Capital Intensity

Location

Los Angeles, California

Business Type

Growth

Legion M, with a pre-money valuation of $40.5 million, is raising funds on Wefunder. It is the world’s first fan-owned entertainment company. The investors get to back a variety of projects diversified across different genres, mediums, and risk profiles. Paul Scanlan and Jeff Annison founded Legion M in 2016, and the company has raised over $10 million since its inception. The proceeds of the current crowdfunding round, with a minimum goal of $10,000 and a maximum goal of $780,000, will be used for operating expenses, marketing expenses, and entertainment projects. Legion M is disrupting the entertainment industry and is one of the most successful companies in crowdfunding history.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$645,565

$179,589

COGS

$529,153

$130,131

Tax

$0

$0

 

 

Net Income

$-3,645,356

$-2,411,065

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$735,562

$45,751

Accounts Receivable

$21,583

$19,000

Total Assets

$2,178,867

$1,190,414

Short-Term Debt

$328,395

$315,598

Long-Term Debt

$0

$0

Total Liabilities

$328,395

$315,598

Financials as of: 08/06/2020
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Legion M 10/11/2024 StartEngine $58,700,000 $4,303,078 Equity - Common Active RegA+
Legion M 02/16/2023 Wefunder - $750,000 Revenue Share Funded RegCF
Legion M 04/29/2022 StartEngine $48,512,836 $3,849,523 Equity - Common Funded RegCF
Legion M 04/29/2021 Wefunder $40,500,000 $1,470,683 Equity - Common Funded RegCF
Legion M 07/30/2018 Wefunder $19,590,000 $901,888 Equity - Common Funded RegCF
Legion M 09/04/2017 Wefunder - $167,940 Equity - Common Funded RegCF
Legion M 08/13/2016 Wefunder - $999,999 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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Legion M on Wefunder
Platform: Wefunder
Security Type: Equity - Common
Valuation: $40,500,000
Price per Share: $11.96

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