Legion M

Neutral
BETA

The World's First FAN-OWNED Entertainment Company

Analytics

Raised to Date: $380,048

Aggregate Commitments $
Platform

Wefunder

Start Date

08/07/2020

Close Date

12/31/2020

Min. Goal

$10,000

Max. Goal

$780,000

Min. Investment

$100

Security Type

Equity - Common

Funding Type

RegCF

Series

Seed

Pre-Money Valuation

$40,500,000

Weekly Commitments $
Status

Active

Reporting Date

09/23/2020

Days Remaining

96

% of Min. Goal

3,800%

% of Max. Goal

49%

Likelihood of Max
Avg. Daily Raise

$8,086

# of Investors

1,226

Momentum
Location

Los Angeles, CA

Industry

Media, Entertainment & Publishing

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Low

Capital Intensity

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

Ratings

last updated 09/24/2020

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