Overview

Raised to Date: Raised: $69,270

Deal Terms

Investment Momentum

Company Profile

Deal Summary

Financials

Total Commitments ($USD)

Platform

Republic

Start Date

03/31/2021

Close Date

07/29/2021

Min. Goal

$25,000

Max. Goal

$1,070,000

Min. Investment

$100

Security Type

SAFE

Series

Pre-Seed

SEC Filing Type

RegCF    

Valuation Cap

$6,500,000

Discount

20%

Rolling Commitments ($USD)

Status

Funded

Reporting Date

07/31/2021

Days Remaining

Funded

% of Min. Goal

Funded

% of Max. Goal

Funded

Likelihood of Max

Funded

Avg. Daily Raise

$577

# of Investors

208

Momentum

Funded

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Lila Labs

Year Founded

2019

Industry

Media, Entertainment & Publishing

Tech Sector

MediaTech

Distribution Model

B2C

Margin

Medium

Capital Intensity

Low

Location

Venice, California

Business Type

Growth

Company Website

Lila Labs, your ultimate relationship app, is raising funds on Republic. The app helps people navigate the three dimensions of relationships, including self-discovery, social discovery, and relationship building. It also translates astrological symbolism into useful information. Ricky Williams, Linnea Miron, and Steven Forrest founded Lila Labs in March 2019 and raised over $155,000 since the inception. The current crowdfunding round has a minimum raise of $25,000 and a maximum raise of $1,070,000, and the funds will be used for growth and expansion. Lila Labs has a strategic partnership with AstroTwins and is catering to a total addressable market of over $9.2 billion.

Summary Profit and Loss Statement

	Most Recent Year	Prior Year
Revenue	$0	$0
COGS	$0	$0
Tax	$0	$0
Net Income	$-62,399	$-152,023

Summary Balance Sheet

	Most Recent Year	Prior Year
Cash	$0	$57
Accounts Receivable	$57	$0
Total Assets	$3	$57
Short-Term Debt	$21,533	$0
Long-Term Debt	$102,800	$102,800
Total Liabilities	$124,333	$102,800

Financials as of: 03/31/2021

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LILA Labs Co-founder Ricky Williams Discusses Astrology

People have been drawn to the stars for millennia, using them for everything from navigation to storytelling. Although light pollution can make them hard to see these days, many people still feel an intrinsic connection to planets and constellations. Astrology may be old, but it is far from outdated.

LILA is a mobile app that allows users to build relationships through astrology. It currently includes three levels of relationships: self-discovery, relationship building, and social discovery (or dating). We reached out to CEO and co-founder Ricky Wiliams to learn the origins of the company and how his team came together.

Note: This interview was conducted over phone and email. It has been lightly edited for clarity and length.

Read Founder Interview