SunPress Vinyl
Regulation Crowdfunding offering on MicroVenture Marketplace
$54,664
of $100,000 goal
54.7% funded
About the offering
While CDs and digital media have transformed the music industry, vinyl records have made a resurgence in recent years. Sales of vinyl records reached a 25-year high in 2016 as consumers young and old have once again embraced a more physical form of music appreciation. Founded in 2016 by musicians, producers, and engineers, SunPress Vinyl is now one of only 18 record pressing facilities in the U.S. and 30 worldwide, according to Wired. The company started pressing vinyl records commercially in January 2017 and saw cumulative sales surpass $100,000 in June 2017. Through its partnership with Tuff Gong International, the renowned music label founded by Bob Marley, SunPress will reissue several Bob Marley albums as well as third-party releases brokered through Tuff Gong. SunPress’ long-term strategic plan includes the development of a music label specifically for issuing its own vinyl records and initiating vinyl record reissues and special editions.
FAQ
How much has SunPress Vinyl raised?
SunPress Vinyl has raised $54,664 of a $100,000 goal.
Where is SunPress Vinyl's campaign listed?
The offering is listed on MicroVenture Marketplace, an SEC-registered Reg CF intermediary.
What are the terms of SunPress Vinyl's raise?
SAFE, $2.2M cap.
When does SunPress Vinyl's offering close?
The stated close date is Oct 16, 2017.