LEVELS Network
Growth Stage
Social Network with a Payment Function
Overview
Raised: $0
Total Commitments ($USD)
Platform
StartEngine
Start Date
04/11/2021
Close Date
05/19/2021
Min. Goal
$9,985
Max. Goal
$1,069,975
Min. Investment
$159
Security Type
Equity - Common
Series
Seed
SEC Filing Type
RegCF
Price Per Share
$31.80
Pre-Money Valuation
$79,500,000
Rolling Commitments ($USD)
Status
Not Funded
Reporting Date
05/18/2021
Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise
$0
Momentum
Not Funded
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Year Founded
2020
Industry
Marketing & Advertising
Tech Sector
AdTech
Distribution Model
B2C
Margin
High
Capital Intensity
Low
LEVELS Network, with a pre-money valuation of $79.5 million, is raising funds on StartEngine. The company has developed a vertically integrated social network with a payment function. The mobile app allows users to pay within the app, tell what they purchased, index their data, and post reviews. The app, thus, offers advertising opportunities to merchants. Jonas Frey founded LEVELS Network in October 2020. The proceeds of the current crowdfunding round, with a minimum goal of $9,985.20 and a maximum goal of $1,069,974.60, will be used to increase the number of active users and reach the revenue prediction targets. LEVELS Network already has over 40,000 users in cities including Los Angeles, Dubai, London, and Cape Town.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-344,245 |
$0 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$37 |
$37 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$37 |
$37 |
|
Short-Term Debt |
$75,100 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$75,100 |
$0 |
Financials as of: 04/11/2021
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