Mevo Inc.

The world's only camera designed for live streaming events

Analytics

Raised to Date: $778,068

Aggregate Commitments $
Platform

Wefunder

Start Date

03/25/2020

Close Date

05/22/2020

Min. Goal

$200,000

Max. Goal

$1,070,000

Min. Investment

$500

Security Type

Equity - Preferred

Funding Type

RegCF

Series

Pre-Seed

Pre-Money Valuation

$12,000,000

Rolling Commitments $
Status
Funded
Reporting Date

05/31/2020

Days Remaining
Funded
% of Min. Goal

389%

% of Max. Goal

73%

Likelihood of Max
Funded
Avg. Daily Raise

$13,415

# of Investors

846

Momentum
Funded
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Location

Brooklyn, New York

Industry

Media, Entertainment & Publishing

Tech Sector

Hardwaretech

Distribution Model

B2C

Margin

Low

Capital Intensity

High

Business Type

High Growth

Mevo, with a pre-money valuation of $12 million, is raising funds on WeFunder. The company has made the world’s first and only camera for live streaming events, including personal events like weddings and gaming and professional events like classrooms, conferences, and red carpets. The Mevo camera is affordable and of high quality. Mevo was founded by Max Hoat in 2019 and has raised over $3.5 million since its inception. The proceeds of the current crowdfunding round, with a minimum target of $200,000 and a maximum target of $1,070,000, will be used to start the manufacturing of Mevo Start and fund team and operations expenses. Mevo has already sold over 90,000 cameras and generated $5.9 million in revenues in 2019.
Summary Profit and Loss Statement
Most Recent Year Prior Year

Revenue

$4,428,320

$0

COGS

$3,202,799

$0

Tax

$3,268

$0

 

 

Net Income

$-3,135,066

$0

Summary Balance Sheet
Most Recent Year Prior Year

Cash

$273,200

$0

Accounts Receivable

$1,229,482

$0

Total Assets

$5,518,184

$0

Short-Term Debt

$1,266,819

$0

Long-Term Debt

$0

$0

Total Liabilities

$1,266,819

$0

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