This company is no longer in business. Investors can get details about any potential exits or failures here.

Teooh

Teooh

Early Stage

Virtual people, in-person events

Virtual people, in-person events

Overview

Raised to Date: Raised: $607,084

Total Commitments ($USD)

Platform

Republic

Start Date

03/01/2020

Close Date

06/12/2020

Min. Goal
$25,000
Max. Goal
$1,070,000
Min. Investment

$100

Security Type

SAFE

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$10,000,000

Discount

0%

Rolling Commitments ($USD)

Status
Funded
Reporting Date

06/29/2020

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$5,952

# of Investors

1,648

Momentum
Funded
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Year Founded

2018

Industry

Business Services, Software, & Applications

Tech Sector

MediaTech

Distribution Model

B2B/B2C

Margin

High

Capital Intensity

Location

San Francisco, California

Business Type

High Growth

Teooh, with a valuation cap of $10 million, is raising funds on Republic. The company organizes life-like online events for people who don’t have the opportunity to socialize in person. The Teooh mobile application allows anyone to join an online event from anywhere in the world and helps them to attend events without their physical presence. Teooh was founded by Don Stein in August 2018 and has raised over $2.4 million since its inception. The current crowdfunding round of Teooh has a minimum target of $25,000 and a maximum target of $1,070,000. The company is using virtual reality to provide environment-friendly alternatives to in-person events. It has already issued over 1,300 tickets to pilot attendees in more than 15 countries and has had successful pilot events with over 20 brands.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-1,611,679

$-217,638

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$578,795

$974,922

Accounts Receivable

$0

$0

Total Assets

$621,701

$993,331

Short-Term Debt

$60,627

$85,879

Long-Term Debt

$0

$0

Total Liabilities

$60,627

$85,879

Financials as of: 03/01/2020
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Teooh on Republic
Platform: Republic
Security Type: SAFE
Valuation: $10,000,000

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