Data / Crowdfunding / Georgia / FanBeat Inc.
FanBeat Inc.: crowdfunding raise on MicroVenture Marketplace, Inc., $25,000 to $107,000 (2019)
FanBeat Inc., a corporation in Atlanta, GA, filed a Form C with the SEC on March 22, 2019 to raise $25,000 to $107,000 in Crowd Note through MicroVenture Marketplace, Inc.. The offering closed on April 8, 2019. In its most recent fiscal year it reported $250,000 in revenue and a net loss of $495,865, with 5 employees.
SpecStream is the live web data engine for teams and agents. It reads every Form C on SEC EDGAR each morning, and this page is that reading. Ask for your own cut (a portal, a state, a size, a revenue range) and new raises arrive in your sheet, CRM, Slack or agent as they land.
- Website
- www.fanbeat.com
- Funding portal
- MicroVenture Marketplace, Inc.
- Address
- 309 EAST PACES FERRY ROAD NE SUITE 400, Atlanta, GA 30305
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- August 14, 2014
- SEC CIK
- 0001765300
Offering terms
From the amendment filed March 22, 2019.
- Security
- Crowd Note
- Price
- $1.00
- Target
- $25,000
- Maximum
- $107,000
- Deadline
- April 8, 2019
- Portal compensation
- 0.0% and $0.00
Financials
From the Form C-U filed April 15, 2019.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $250,000 | $24,300 | sec.gov |
| Cost of goods sold | $37,350 | $2,286 | sec.gov |
| Net income | $-495,865 | $-749,270 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $157,918 | $31,302 | sec.gov |
| Cash | $141,082 | $16,712 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $61,321 | $23,840 | sec.gov |
| Long-term debt | $2,597,500 | $2,012,500 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| April 15, 2019 | Progress update | $25,000 | $107,000 | April 8, 2019 | MINIMUM OFFERING AMOUNT NOT MET; FUNDS BEING RETURNED TO INVESTORS. | sec.gov |
| March 22, 2019 | Amendment | $25,000 | $107,000 | April 8, 2019 | Add webinar transcript (attached to Form C as Exhibit G). | sec.gov |
| January 31, 2019 | Offering | $25,000 | $107,000 | April 8, 2019 | sec.gov |
Updated April 15, 2019. Read from SEC EDGAR. Public domain (U.S. government work). Financials are as each company reported them in its Form C, unaudited unless the filing says otherwise. Websites are the ones the companies declared to the SEC. Free to reuse with credit to SpecStream under CC BY 4.0. Spot a wrong value? Write to [email protected] with the link to this page.