Leo AR by MojiLala
Early Stage
AR Technology for all
Overview
Raised: $60,984
Total Commitments ($USD)
Platform
StartEngine
Start Date
08/05/2020
Close Date
02/04/2021
Min. Goal
$10,000
Max. Goal
$1,070,000
Min. Investment
$250
Security Type
Convertible Note
Series
Seed
SEC Filing Type
RegCF
Valuation Cap
$15,000,000
Discount
10%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
02/27/2021
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$335
# of Investors
98
Momentum
Funded
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Year Founded
2016
Industry
Consumer Products, Goods & Services
Tech Sector
MediaTech
Distribution Model
B2C
Margin
High
Capital Intensity
Low
Leo AR by MojiLala, with a $15 million valuation cap, is raising funds on StartEngine. It is an augmented reality app that allows users to bring life to the environment around them. With the help of Leo AR by MojiLala, people can dance with unicorns, sit with aliens, and party with sharks. Dana Loberg founded Leo AR by MojiLala in 2016 and has raised funds from top Silicon Valley investors, including Giphy, Great Oaks Ventures, and 500 Startups. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $1,032,550. The funds will be used for growth and expansion. Leo AR by MojiLala is the number one consumer-facing AR app and has been rated App of the Day five times on App Store.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$65,000 |
$16,000 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-475,045 |
$-835,124 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$445,642 |
$220,000 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$0 |
$0 |
|
Short-Term Debt |
$19,169 |
$46,000 |
|
Long-Term Debt |
$2,442,500 |
$1,997,500 |
|
Total Liabilities |
$2,461,669 |
$2,043,500 |
Financials as of: 08/05/2020
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