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MXG FIBER

Reg CF · SAFE · Dec 2021

ClosedReached targetReg CFSAFE
via WeFunderView campaign
Raised
$242.9K / $1.1M max
23% of ceiling · target hit day 17
Investors
415
$585.3 avg
Valuation cap
$9M
cap, not an agreed valuation

Raised over time

Cumulative raisedInvestors
$335K$168K$0
4802400
Dec 2, 2021 · openedFeb 28, 2022 · last reading
Target ($50K) hit — Dec 19, 2021, day 17Deadline Apr 30, 2022 — 61 days out

Left axis: cumulative dollars raised. Right axis: cumulative investors. Live figures via WeFunder; investor counts may lag the platform by up to a day.

Financials disclosed in this offering

FY2019–FY2020 · hover for source
$0
−$412K
FY2019
$0
−$533K
FY2020
RevenueNet income
Metric
FY2019 reviewed
FY2020 reviewed
Income statement
Revenue
$0
$0
Cost of goods sold
$0
$0
Net income
-$411,945
-$533,401
Taxes paid
$0
$0
Balance sheet
Cash
$202,140
$13,543
Accounts receivable
$0
$0
Total assets
$1,237,718
$1,005,758
Short-term debt
$365,275
$375,012
Long-term debt
$1,284,188
$1,575,892
Total liabilities
$1,649,463
$1,950,904
Other
Headcount
—
3

The fiscal years the issuer disclosed in this offering’s filing, as filed. Full history on the company page.

Deal terms

Valuation cap$9M ($5M early bird)
Conversion discount15% (20% early bird)

Perks

First $500K will invest in a SAFE with a $5M valuation cap and 20% discountfirst $500K

Offering details

Target$50,000
Max$1,070,000
Min investment$100
OpenedDec 2, 2021
DeadlineApr 30, 2022
ClosedFeb 28, 2022
Days active88

Links & provenance

Campaign pageSEC filing
Source: Manual
0001670254-21-001341

About this data. Raised amounts and investor counts come from the platform listing and may lag or be restated; SEC-reported totals can differ until the next Form 1-Z/C-U. Post-money valuation is computed as pre-money plus amount raised and is shown once the round closes — it is not a traded price. Financial statements are as reported by the issuer. 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.