Vampr
Bring live streaming to the world's largest professional network for creatives
Analytics
Raised to Date: $157,792
Aggregate Commitments $
Wefunder
10/16/2020
02/05/2021
$50,015
$577,606
$250
Equity - Preferred
RegCF
Seed
$9,600,000
Weekly Commitments $
Active
10/21/2020
103
315%
27%
$31,558
97
Santa Monica, CA
Media, Entertainment & Publishing
MediaTech
B2C
Medium
Low
Vampr, with a pre-money valuation of $9.6 million, is raising crowdfunding on WeFunder. Vampr is the social network for musicians and is set to become the LinkedIn of all creative people. The application allows musicians all over the world to connect and collaborate with one another and has plans to open it up to other creatives including filmmakers, fashion designers, and animators. Vampr was founded by Josh Simons and Baz Palmer in 2015. The current crowdfunding round of Vampr has a minimum goal of $50,015 and a maximum goal of $577,606, and the funds will be used for app development, sales and working space, marketing, IT operational, and administrative services. Vampr has already facilitated the connection of over 6 million professionals across over 190 countries and targets to reach 10 million users and $3 million in revenues by the first quarter of 2021.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$17,000 |
$93,494 |
|
COGS |
$17,417 |
$69,403 |
|
Tax |
$0 |
$922 |
| ||
| ||
|
Net Income |
$-320,885 |
$-268,427 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$357,045 |
$28,282 |
|
Accounts Receivable |
$13,559 |
$67,292 |
|
Total Assets |
$453,966 |
$293,860 |
|
Short-Term Debt |
$122,539 |
$66,548 |
|
Long-Term Debt |
$156,080 |
$0 |
|
Total Liabilities |
$278,619 |
$66,548 |
Summary of Crowdfunding Raises
| Close Date | Platform | Valuation/Cap | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 02/05/2021 | Wefunder | $9,600,000 | $157,792 | Equity - Preferred | Active | RegCF |
| 01/16/2020 | Wefunder | $6,750,000 | $525,802 | SAFE | Confirmed Closed | RegCF |
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