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Legion M Entertainment

Raising nowOperating

Legion M Entertainment, Inc.

Transportation · Los Angeles, CA

The World's First FAN-OWNED Entertainment Company

Raising nowRaising now on StartEngine

This company has an open fundraising round.

$982K raised2,373 investors110 days left
View the live round
Post-money valuation ⓘ
$100.6M
As of May 2026 · from Reg CF Offering (2026) · pre-money + amount raised, not a traded price
Total raised
$25,073,997
Crowd $21.8M · Private $3.3M · 19 rounds since 2016
Latest share price
$2.25
Reg CF · Class A Common Stock · May 2026 offering price

Financials

FY2016–FY2025 · from SEC filings · hover any figure for its source
$180K
−$2.4M
2018
$646K
−$3.6M
2019
$934K
−$2.2M
2020
$1.1M
−$2.9M
2021
$650K
−$2.8M
2022
$817K
−$2.8M
2023
$1.0M
−$3.5M
2024
$2.0M
−$1.5M
2025
RevenueNet income — beside revenue when positive, below the line when a loss

Chart shows the most recent 8 fiscal years; 2 earlier years are in the table below.

Metric
FY2016 audited
FY2017
FY2018
FY2019 audited
FY2020 audited
FY2021 audited
FY2022 audited
FY2023 audited
FY2024 audited
FY2025 audited
Income statement
Revenue
$23,096
$415,372
$179,589
$645,565
$933,570
$1,062,732
$650,044
$816,510
$1,024,059
$2,004,184
Cost of goods sold
$16,684
—
—
—
—
—
$591,918
$622,137
$1,396,935
$1,667,818
Gross margin
28%
—
—
—
—
—
9%
24%
-36%
17%
Net income
-$1,272,622
-$1,922,699
-$2,411,065
-$3,645,356
-$2,225,398
-$2,939,564
-$2,827,478
-$2,813,295
-$3,549,371
-$1,540,433
Balance sheet
Cash
$638,309
$611,755
$45,751
$735,562
$158,871
$1,227,661
$341,050
$839,709
$249,562
$789,082
Accounts receivable
$1,000
$0
$19,000
$21,583
$9,922
$30,817
$87,913
$101,690
$0
$41,413
Total assets
$694,289
$1,154,234
$1,190,414
$2,178,867
$1,381,289
$2,629,095
$2,208,223
$6,080,443
$7,713,785
$6,054,284
Total liabilities
$108,455
$79,397
$315,598
$328,395
$449,951
$879,156
$1,138,894
$5,917,689
$8,384,125
$5,256,615

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
$13.6M
est. pre-money
$13.6M
est. pre-money
$18.3M
est. pre-money
$15.1M
est. pre-money
$25.5M
pre-money
$31.4M
est. pre-money
$40.4M
est. pre-money
$48.5M
pre-money
$58.7M
pre-money
$77.3M
est. pre-money
$92.1M
pre-money
$99.6M
pre-money
Reg A+ · Common · Feb 2017
Reg CF · Common · Jul 2017
Reg A+ · Common · Aug 2018
Reg CF · Common · May 2018
Reg CF · Common · Oct 2019
Reg CF · Class A Common · Aug 2020
Reg A+ · Equity · Aug 2020
Reg CF · Common · Oct 2021
Reg A+ · Equity · Aug 2022
Reg CF · Common · Feb 2025
Reg CF · Class A Common · Nov 2025
Reg CF · Class A Common · May 2026

Blue bars are the pre-money valuation the company stated for a priced round. Dotted grey bars are our estimate for rounds that didn't state one: the round's share price × the shares outstanding in its filings. Same measure as blue, but rougher.

Share price over rounds

$2.25$1.125$0.70
May 2016May 2026
Round offering price or verified disclosed saleDisclosed sale, unverified or year-only

“Today's shares” restates every price in the share terms current now, so a price before a split or an LLC→corporation conversion is divided by that event's ratio (each event is cited on the round page). 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.

Cap table

Share counts as of Nov 14, 2023
Class A Common Stock · 50.5%Class B Common Stock · 49.5%
ClassOutstandingVotes / shareShare of totalVotesLast price
Class A Common Stock18,589,227150.5%9.27%$2.25May 2026
Class B Common Stock18,198,1501049.5%90.7%—
Total36,787,377100%100%

Shares outstanding over timein today's share terms

37M18M0
Dec 2016Nov 2023
Class A Common StockClass B Common StockRound openedSplit / conversion

Principal holders% as the filing states it, May 28, 2026

  • Paul Scanlan1,465 Class A Common Stock39.2%of votes
  • Jeff Annison15,982,519 Class B Common Stock32.0%of votes
  • Jeff Annison560 Class A Common Stock—of votes

Sold to the crowd

  • Reg CF · May 20161,428,570 shares at $0.70 in today's terms · sold as 142,857 shares at $7.00; since then a 10-for-1 split (Jul 2022)$1M
  • Reg A+ · Feb 20172,510,490 shares at $0.747 in today's terms · sold as 251,049 Class A at $7.47; since then a 10-for-1 split (Jul 2022)$1.9M
  • Reg CF · Jul 2017224,820 shares at $0.747 in today's terms · sold as 22,482 shares at $7.47; since then a 10-for-1 split (Jul 2022)$167.9K
  • Reg CF · May 20181,084,000 shares at $0.832 in today's terms · sold as 108,400 shares at $8.32; since then a 10-for-1 split (Jul 2022)$901.9K
  • Reg A+ · Aug 2018762,670 shares at $0.832 in today's terms · sold as 76,267 Class A at $8.32; since then a 10-for-1 split (Jul 2022)$634.5K
  • Reg CF · Oct 2019269,930 shares at $1.07 in today's terms · sold as 26,993 shares at $10.65; since then a 10-for-1 split (Jul 2022)$287.5K
  • Reg CF · Aug 20201,256,350 shares at $1.43 in today's terms · sold as 125,635 Class A Common Stock at $14.28; since then a 10-for-1 split (Jul 2022)$1.8M· 4,352 investors
  • Reg CF · Oct 20212,302,940 shares at $1.50 in today's terms · sold as 230,294 shares at $15.00; since then a 10-for-1 split (Jul 2022)$3.5M· 6,645 investors
  • Reg A+ · Aug 20223,966,363 Class A at $1.65$6.5M· 21,389 investors
  • Reg CF · Jan 2023$650K
  • Reg CF · Feb 20251,383,329 shares at $2.10$2.9M
  • Reg CF · Nov 2025283,086 Class A Common Stock at $2.10$594.5K
  • Reg CF · May 2026436,539 Class A Common Stock at $2.25$982.2K· 2,373 investors

From the company's SEC filings: share counts per class, each class's voting and conversion terms, and the holders of 20% or more that Form C requires (officers and 10%+ holders on Form 1-A). Filings name only large holders, so most owners — including crowd investors — are not listed, and a holder's percentage may be of its own class rather than of the whole company. Prices and crowd share counts are in today's share terms — adjusted for splits and conversions since they were sold. Hover a figure for its filing.

Fundraising history

Raised $982.2K / $2.2MInvestors 2,373Post-money $100.6M
Raised $594.5K / $1MPost-money $92.7M
Raised $2.9M / $3.8MEst. pre-money $77.3M
Reg A+ · Equity · Aug 2022Closedvia StartEngine
Raised $6.5M / $20MInvestors 21,389Post-money $65.2M
Raised $650K / $650K
Raised $3.5M / $3.9MInvestors 6,645Post-money $52.3M
Raised $0 / $45MEst. pre-money $40.4M
Raised $1.8M / $1.1MInvestors 4,352Est. pre-money $31.4M
Raised $287.5K / $1.1MPost-money $25.8M
Raised $100KInvestors 1
Raised $901.9K / $901.9KEst. pre-money $15.1M
Raised $634.5KEst. pre-money $18.3M
Raised $167.9K / $250KEst. pre-money $13.6M
Raised $1.9MEst. pre-money $13.6M
Raised $193.5KInvestors 39
Raised $494.3KInvestors 13

Team

12 people
Jeff AnnisonFounder
Cofounder & President

Emmy winning serial entrepreneur, Cofounder/VP Product Development MobiTV and Cofounder CEO of Underground Labs/New York Rock Exchange. 1995 UCLA BS Mechanical Engineering.

Paul ScanlanFounder
Cofounder & CEO

Emmy winning serial entrepreneur, Cofounder/President MobiTV, 2011 Forbes "Names You Need to Know", Adjunct Lecturer of Entrepreneurship at NU Kellogg.

Terri Lubaroff
Chief Operating Officer, Secretary
Prophetess Branchcomb
Director of Finance & Accounting (PT)

Founder & CEO Sound Profit Tax and Finance, former VP Finance SodexoMAGIC, Mission Director Antioch Missions International, MBA, Finance at University of Southern California, Masters in Business Taxation (Deans List) at University of Southern California.

Brandi Plants
Media Response Team (PT)

10+ years of community moderation, with a focus on communication and engagement. Writer and Editor. As a multi-round Legion M investor, I love the opportunity to share what I’ve learned from being a long-time part of the Legion. Got questions? Just ask!

Chris Cooper
Marketing/Growth Hacking (PT)

20+ years marketing and business development at companies including Sprint, Tivo, MobiTV, and Dexcom. Independent music producer and artist.

David Baxter
V.P. of Development (PT)

20+ years film/TV development, marketing master, WGA and comics writer, Larger than Life cosplay celebrity, champion fencer (swords, not watches)

Eric Lam
Business Operations

15+ years Professional DJ, Head of Operations, Logistics, Customer Happiness at New York Rock Exchange, Product Manager, Mobile Web Producer at MobiTV, Three Time Fantasy Football League Champion

Michelle P. Carter
Creative Executive (PT)

9+ years in television/film (Netflix, CBS, NBC, ABC, HBO, AwesomenessTV), Legion M investor and Valor Award winner

Show 3 more people
Ramona Snyder
Volunteer Coordinator (PT)

8-Round Legion M Investor and Valor Award Winner, 6+ years as Program Manager for HOST volunteer program at Mineta San Jose International Airport.

Taylor Gledhill
Creative Director (PT)

Digital Producer on Emmy-winning @Midnight, Comedy Central. Social Media Producer, Funny or Die.

Tyler Harmon
Marketing/Growth Hacking (PT)

11+ years in Real Estate and Growth Marketing, Founder Rad Dad, MBA Organizational Development, Former Flying Aircrew Instructor and Staff Sergeant, United States Air Force.

Names and titles as disclosed on SEC Form 1-A, SEC Form C, StartEngine. 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 10 of 10 annual reports (FY2016–FY2025)

21,389 investors
holder-count proxy

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

  • Form 1-SASep 28, 20260001213900-26-103987
    EDGAR
  • Form C/AAug 24, 20260001674163-26-000012
    EDGAR
  • Form C/AJul 28, 20260001674163-26-000009
    EDGAR
  • Form CMay 28, 20260001674163-26-000006
    EDGAR
  • Form C-ARApr 30, 20260002070024-26-000021
    EDGAR
  • Form 1-KApr 30, 20260001213900-26-050360
    EDGAR
  • Form C-UFeb 13, 20260001674163-26-000002
    EDGAR
  • Form C/ADec 4, 20250001674163-25-000008
    EDGAR
Source: ManualCIK 0001674163DEShare price $2.25

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.