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Filmplace
Filmplace is a marketplace platform for content creators to search and rent film locations, hire casts and local talents, make secured payments to freelancers, rent equipment and props and secure local and international projects.
$X,000,000
Y% undefined $X,000,000
Z
2 months ago
Overview

Investors, please reach out to [email protected] if you have any questions regarding this investment opportunity, or indicate your soft commitments through the link above! 

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Problem Statement

The usual process of film production involves 4 steps: pre-production, post-production and distribution. This entire process is very extensive and too time consuming, taking about 1-2 months to complete. Not only is it expensive, costing over $5000, there is high payment risk with stakeholders not fulfilling payments. Talents and staff might not have the required skill, leading to unreliable quality. Lastly, due to lack of prior contractual knowledge, there is often an overall lack of legal paperwork to protect stakeholders. 

Solution

Filmplace solves all of these issues by providing brands and content creators with a platform where they can confirm bookings within a few minutes, get full transparent pricing, be protected with auto-generated contracts, receive daily along with new up-to-date database information and last but most importantly, be protected from risk.

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Traction

  • Filmplace has over 4,200 organic community members, attained just through word-of-mouth. They boast a user acquisition cost of $0. 
  • $20K monthly GMV
  • 1.8K listings from over 20 countries
  • Partnerships secured with TikTok and NAS Daily
  • 8X GMV in 2020, 5X GMV in 2021

Revenue Model

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Fundraising

Filmplace is raising USD$1M through a price-equity round with a pre-money valuation of USD$4M.

Use of Funds

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Burn Rate

Current burn rate of USD$9K-USD$10K per month. 

Competition

Filmplace has strong and established competition in Korea and the United States however, its competition does not combine the functions that Filmplace does and are not as efficient or cost-effective as Filmplace. 

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Team

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$Y,000,000
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equity
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