Leo AR by MojiLala

BETA

AR Technology for all

Analytics

Raised to Date: $55,168

Aggregate Commitments $
Platform

StartEngine

Start Date

08/06/2020

Close Date

11/03/2020

Min. Goal

$10,000

Max. Goal

$1,032,550

Min. Investment

$250

Security Type

Convertible Note

Funding Type

RegCF

Series

Seed

Valuation Cap

$15,000,000

Discount Rate

10%

Weekly Commitments $
Status

Active

Reporting Date

09/16/2020

Days Remaining

44

% of Min. Goal

552%

% of Max. Goal

5%

Likelihood of Max
Avg. Daily Raise

$1,346

# of Investors

96

Momentum
Location

Cupertino, CA

Industry

Consumer Products, Goods & Services

Tech Sector

MediaTech

Distribution Model

B2C

Margin

High

Capital Intensity

Low

Business Type

High Growth

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

$0

Total Liabilities

$2,461,669

$2,043,500

Ratings

last updated 09/16/2020

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