VENUE by Xcinex
Early Stage
Your at-home ticket to premium entertainment experiences
Overview
Raised: $405,756
Total Commitments ($USD)
Platform
Wefunder
Start Date
03/16/2021
Close Date
07/12/2021
Min. Goal
$50,000
Max. Goal
$1,070,000
Min. Investment
$100
Security Type
Convertible Note
Series
Seed
SEC Filing Type
RegCF
Valuation Cap
$20,000,000
Discount
0%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
07/30/2021
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$3,468
# of Investors
132
Momentum
Funded
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Year Founded
2012
Industry
Media, Entertainment & Publishing
Tech Sector
MediaTech
Distribution Model
B2C
Margin
Medium
Capital Intensity
High
VENUE by Xcinex, with a $20 million valuation cap, is raising funds on Wefunder. The company has developed a streaming platform that brings on-demand, ticketed premium entertainment experiences to the home of customers. The platform works on the company’s patented AI and machine vision. Cihan Fuat Atkin and Don Tannenbaum founded VENUE by Xcinex in August 2012. The proceeds of the current crowdfunding campaign, with a minimum target of $50,000 and a maximum target of $1,070,000, will be used towards the product, operating expenses, business development, and final market pilot. VENUE by Xcinex has patents issued in the US, South Korea, Israel, and Canada. The company has huge data potential and enables advanced data analytics.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-459,670 |
$-289,886 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$148,952 |
$96,375 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$714,829 |
$456,447 |
|
Short-Term Debt |
$166,871 |
$108,698 |
|
Long-Term Debt |
$0 |
$29,646 |
|
Total Liabilities |
$166,871 |
$138,344 |
Financials as of: 03/16/2021
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