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Sinemia

A social platform for moviegoers and a monthly subscription-based service.

Categories

Media & Entertainment, Social,

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Reasons for Shutdown

Lack of Funds

Unable to cover the cost of legal proceedings.

Sinemia's efforts to cover the cost of unexpected legal proceedings and raise the funds required to continue operations had not been sufficient.

Strong Competition

The US market is competitive.

The competition in the US market and the core economics of what it cost to deliver Sinemia’s end-to-end experience ultimately lead them to the decision of discontinuing their US operations.

Legal Issues

A lawsuit was filed against Sinemia.

A class-action lawsuit was filed against the company that alleged a “bait and switch” scheme against customers.
Sinemia lured consumers in by convincing them to purchase a purportedly cheaper movie subscription, and then added undisclosed fees that made such purchases no bargain at all

Direct Competitors and Similar Companies

Note: Direct competitors are defined by similarity score of more than 40%, while similar companies are defined by similarity score of less than 40%

No.	Name	Similarity score	Description	Industry	Categories	Location	Ownership status	Entity type	Stage of development	Transactional model type	Defensibility moats	Last financing round	Total raised	Post-money valuation	Last financing date	No. of funding round(s)	No. of investors	Investors	Total revenue	Market capitalization	No. of investments	No. of acquisitions	No. of board seats taken	Competition	Management	No. of employees	Company reputation	Contact info	Operational status	Operational duration	Shutdown date	Founded date	Legal name	Former legal name(s)	Ticker
1.	Columbia House	25.2%	Distributed music and movies through the direct-to-consumer business model.	Entertainment	Music, Media & Entertainment, Video	United States	-	-	-	-	-	M&A	-	-	-	-	-	-	-	-	-	-	-	-	-	1000-5000	-	-	Inactive	-	-	1955	-	-	-
2.	Qwikster	17.1%	Netflix's DVD-only business.	Entertainment	Media & Entertainment, Digital Entertainment, Video	United States	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	Inactive	-	-	2011	-	-	-
3.	BitShuva Radio	16.1%	Custom Internet radio for independent artists and niche genres.	Entertainment	Internet Radio, Media & Entertainment, Music	United States	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	Inactive	-	-	2013	-	-	-
4.	MoviePass	12.0%	A subscription-based movie ticketing service.	Entertainment	Applications, Location Based Services, Media & Entertainment	United States	-	-	-	-	-	M&A	-	-	-	-	-	-	-	-	-	-	-	-	-	50-100	-	-	Inactive	-	-	2011	-	-	-
5.	HOOQ	11.1%	A streaming service.	Entertainment	Video Streaming, Movies, Media & Entertainment	Singapore	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	100-250	-	-	Inactive	-	-	2015	-	-	-
6.	BeeTV	4.0%	A social TV service that offered a real-time, cross-platform hub for all consumers' activity around TV.	Entertainment	Social, Video, Software	Italy	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	10-50	-	-	Inactive	-	-	2007	-	-	-

Investors

No.	Image	Name	Investor type	Description	Location	Preferred investment stage(s)	Stages invested in	Assets under management (AUM)	Investment range	Investment sweet spot	Preferred investment focus	Preferred investment geography	No. of investments	No. of lead investments	No. of follow-on investments	No. of co-investments	Portfolio companies	No. of exits	Total exit value	No. of failed investments	Loss on investments	No. of acquisitions	No. of board seats taken	No. of funds	Limited partners	Co-investors	No. of partners	Partners	No. of employees	Management	Board members	Founders	Investor reputation	Contact info	Entity type	Legal name	Former legal name(s)	Founded date	Ticker
1.		Istanbul Startup Angels	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
2.		Nexus Ventures	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-

Leadership

No.	Image	Name	Previous designation	Previous company	Previous biography	Previous profile type	Previous location	Experience	Education	Reputation	Current company	Current designation	Current biography	Current profile type	Current location	No. of investments	No. of exits	Total exit value	No. of board seats taken	Contact info
1.		Rıfat Oğuz	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-

Funding

No.	Financing date	Financing round	Total amount raised	Post-money valuation	Financial viability	Fundraising target amount	Remaining target amount	Financing type	No. of investors	Board seats	Lead investors	Entity type	Financing status
1.	30 Oct 2018	Seed Round	-	-	-	-	-	-	1	-	-	-	-
2.	13 Dec 2017	Seed Round	-	-	-	-	-	-	2	-	-	-	-
3.	25 Jan 2017	Venture Round	USD 1.5M	-	-			-	1	-	-	-	Completed
4.	11 Oct 2016	Seed Round	-	-	-	-	-	-	1	-	-	-	-
5.	21 Jul 2016	Angel Round	-	-	-	-	-	-	1	-	-	-	-
6.	1 Jun 2016	Seed Round	USD 175K	-	-			-	3	-	-	-	Completed
7.	30 Dec 2015	Angel Round	USD 250K	-	-			-	2	-	-	-	Completed