facefwd
This mobile app lets you share videos and your live reaction to them with friends.
- Raising on Wefunder
- Media · United States
The raise in figures
Reserved
US$45,350
- Investors
- 96
- Pre-money valuation
- US$2M
Last updated
↳ Wefunder · checked 59 min ago
About this raise
facefwd is preparing to open an equity crowdfunding raise on Wefunder. Wefunder files facefwd under Media; the company is based in the United States. It is offered under Regulation Crowdfunding (Reg CF).
The round values facefwd at $2M pre-money. Ahead of launch, 96 investors have reserved $45,350.
For comparison, the 7 other raises in Wefunder’s Media category over the past 12 months drew a median of 56 investors.
Reg CF is the SEC’s route for raising from the general public through a registered intermediary, with no need for investors to be accredited. Under Reg CF, how much a non-accredited investor can put in over 12 months depends on their income and net worth. Raise Sonar last read these figures from Wefunder on .
Upcoming
Opens on Wefunder
Funding history
23 readings
About facefwd
Summarised by Raise Sonar from facefwd’s Wefunder pitch
facefwd is a mobile app that lets users share videos and record their live reactions to them with friends, creating community around shared moments. It describes itself as a Black-owned social media platform built on reaction-based video. The company plans to move from a B2C model to a C2B2B model, where users monetize their reactions through partnerships with external companies and facefwd takes a percentage of agreed compensation. The company is based in Boston, MA, and this raise funds development of the next version of the app, an Android release, and monetization research through 2023.
Read the full pitch on Wefunder (opens in a new tab)More like this
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