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Ad Fontes Media

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Ad Fontes Media, Inc.

Sports & Recreation · Founded 2018

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Post-money valuation ⓘ
$10.0M
As of Nov 2024 · from Reg CF Offering (2024) · pre-money + amount raised, not a traded price
Total raised
$5,844,561
Crowd $692K · Private $5.2M · 5 rounds since 2020
Latest share price
$0.7294
Reg CF · Preferred Stock · Oct 2024 offering price

Financials

FY2018–FY2023 · from SEC filings · hover any figure for its source
$43K
$20K
2018
$20K
−$40K
2019
$122K
−$255K
2020
$138K
−$969K
2021
$277K
−$1.1M
2022
$256K
−$3.4M
2023
RevenueNet income — beside revenue when positive, below the line when a loss
Metric
FY2018
FY2019 reviewed*
FY2020
FY2021 reviewed
FY2022 reviewed
FY2023 reviewed
Income statement
Revenue
$42,759
$19,984
$121,936
$137,858
$277,328
$256,394
Cost of goods sold
$4,512
$2,920
$2,832
$7,586
$277,133
$74,969
Gross margin
89%
85%
98%
94%
0%
71%
Net income
$19,886
-$40,162
-$255,377
-$969,285
-$1,095,324
-$3,359,578
Taxes paid
$0
$5,058
$0
$0
$0
$0
Balance sheet
Cash
$19,242
$529
$21,157
$21,062
$28,562
$311,881
Accounts receivable
$0
$1,651
$725
$10,608
$37,227
$33,950
Total assets
$26,066
$8,207
$38,529
$64,928
$65,848
$361,676
Short-term debt
$5,000
$13,374
$26,867
$218,102
$164,352
$148,798
Long-term debt
$0
$0
$153,090
$0
$465,206
$0
Total liabilities
$5,000
$13,374
$179,957
$218,102
$629,558
$148,798
Other
Headcount
—
1
—
5
60
30

Figures as reported by the issuer in the filing shown on hover. Each year’s pill shows the assurance level of its filed statements — audited, reviewed (CPA review, less than an audit), or unaudited, as the filing’s own report or certification states it. A dashed pill marked * is inferred instead: the SEC minimum for an offering that size, which the issuer may have exceeded. No pill means we couldn’t tell. Headcount is the filing’s point-in-time count, not a year-end average. Manually corrected figures are marked “Corrected”.

Valuation over rounds

Pre-money — the valuation set before each round’s money came in
$5.0M
Valuation cap
$82.5M
pre-money
$9.9M
pre-money
Reg CF · SAFE · Sep 2020
Reg CF · Preferred · Sep 2022
Reg CF · Preferred · Oct 2024

Blue bars are the pre-money valuation the company stated for a priced round. Dashed amber bars are a SAFE or convertible note's valuation cap — the most it converts at, not what the company is worth, so don't compare them with the other bars.

Share price over rounds

$0.73$0.365$0.7294
Sep 2022Oct 2024
Round offering price or verified disclosed saleDisclosed sale, unverified or year-only

Disclosed sales come from the issuer's own filings (prior-offering lines, audited-statement notes) and are amount ÷ securities sold. A down round is a firm point more than 25 % below the previous firm point of the same share class on a comparable basis; the comparison ignores unverified and year-only lines.

Fundraising history

Reg CF · Preferred Stock · Oct 2024Closedvia WeFunder
Raised $106.2K / $91.2KPost-money $10M
Rule 506(b) · Equity · Apr 2023Closed
Raised $3.6MInvestors 5
Reg CF · Preferred Stock · Sep 2022Closedvia WeFunder
Raised $226.1K / $400KInvestors 224Post-money $82.7M
Rule 506(b) · Equity · Apr 2022Closed
Raised $1.6MInvestors 24
Reg CF · SAFE · Sep 2020Closedvia WeFunder
Raised $359.7K / $400KInvestors 601Valuation cap $5M

Team

3 people
Vanessa OteroFounder
Founder and CEO
Daina Middleton
Independent Director
Gregory Clay Gordon
Partner

Names and titles as disclosed on SEC Form C. Bios and photos come from the platform campaign page and may be out of date.

Reg CF annual-report compliance

Not required3+ reports filed & assets ≤ $10M

Filed 3 of 6 annual reports (FY2020–FY2025)

601 investors
holder-count proxy

Reg CF issuers must file a Form C-AR each year until a Rule 202(b) termination trigger is met.

SEC filings

View all 10 filings on EDGAR
  • Form CSep 27, 20240001670254-24-000968
    EDGAR
  • Form C-ARSep 10, 20240001821196-24-000002
    EDGAR
  • Form C-ARMay 22, 20240001821196-24-000001
    EDGAR
  • Form DApr 21, 20230001821196-23-000001
    EDGAR
  • Form DNov 21, 20220001821196-22-000001
    EDGAR
  • Form CSep 14, 20220001670254-22-000963
    EDGAR
  • Form C-ARSep 14, 20220001670254-22-000962
    EDGAR
  • Form C/AFeb 5, 20210001670254-21-000110
    EDGAR
Source: ManualCIK 0001821196Share price $0.7294

About this data. Figures are compiled from public sources — SEC EDGAR filings (Form C, C-AR, 1-A, 1-K) and funding-platform pages — and may be delayed, incomplete, or restated by the issuer. Financial statements are as reported by the issuer; each year is labeled with its assurance level (audited / reviewed / unaudited). A valuation cap is the conversion ceiling of a SAFE or convertible note, not an agreed company valuation; post-money figures are computed as pre-money plus amount raised and are not a traded price. Crowdonomics is not a broker-dealer, funding portal, or investment adviser; nothing here is investment advice or an offer to sell securities. Verify all figures against the linked EDGAR filings.