{"data":{"type":"company_profile","id":143086,"entity_id":"wefunder:company:143086","attributes":{"canonical_url":"https://wefunder.com/ludex","generated_at":"2026-06-21T04:13:41Z","updated_at":"2026-06-20T05:01:16Z","entity_ids":{"company":"wefunder:company:143086","slug":"wefunder:company_slug:ludex"},"profile_visibility":{"owner_published":true,"public_search_results":true,"site_search_listed":false,"privacy_mode":"unlisted","invite_only":false},"provenance":{"source":"wefunder_public_company_profile","as_of":"2026-06-21T04:13:41Z","claims":{"total_amount_raised":{"source":"FrontCompanySummary#amount_raised","last_verified_at":"2026-06-20T05:01:16Z","as_of":"2026-06-21T04:13:41Z","confidence":"high"},"total_investors":{"source":"FrontCompanySummary#number_of_investors","last_verified_at":"2026-06-20T05:01:16Z","as_of":"2026-06-21T04:13:41Z","confidence":"high"},"active_raise_states":{"source":"Fundraise.visible(nil, nil)","last_verified_at":"2025-12-15T19:49:11Z","as_of":"2026-06-21T04:13:41Z","confidence":"high"},"latest_fundraise_state":{"source":"Fundraise.visible(nil, nil).order(funding_started_at)","last_verified_at":"2025-12-15T19:49:11Z","as_of":"2026-06-21T04:13:41Z","confidence":"medium"}}},"company":{"id":143086,"entity_id":"wefunder:company:143086","slug":"ludex","name":"Ludex","tagline":"AI powered app transforming the $44 billion sports and trading cards industry","location":"Chicago, IL","website":"https://www.ludex.com/","total_amount_raised":472446,"total_investors":417,"is_funded":true,"is_active":true,"quality_score":3,"related_urls":["https://wefunder.com/ludex","https://www.ludex.com/"]},"media":{"share_image_url":"https://uploads.wefunder.com/uploads/company/header_media_photo/143086/xxl_blob.jpg","logo_url":"https://uploads.wefunder.com/uploads/company/logo/143086/large_blob.png","header_media_url":"https://uploads.wefunder.com/uploads/company/header_media_photo/143086/standard_blob.jpg","cover_photo_url":"https://uploads.wefunder.com/uploads/company/header_media_photo/143086/standard_blob.jpg"},"links":{"company_url":"https://www.ludex.com/","linkedin_url":"https://linkedin.com/company/ludexapp","twitter_url":"https://twitter.com/ludexapp","facebook_url":"https://facebook.com/ludexapp","instagram_url":"https://instagram.com/ludexapp","youtube_url":"https://youtube.com/@LudexApp/","tiktok_url":"https://tiktok.com/@ludexapp","blog_url":"https://www.ludex.com/blog/"},"highlights":[{"id":75539,"name":"fast_growth","url":"fastgrowth","presentable_name":"Fast Growth","description":"Revenue growing 2X/yr for at least prior 6 months","image_url":"https://uploads.wefunder.com/2021/profile-highlights-bar-graph.svg"}],"quick_facts":[{"index":1,"claim_id":"claim-fact-1","value":"If you invested through Wefunder, check the updates tab for the final update and stay connected"},{"index":2,"claim_id":"claim-fact-2","value":"Thank you to all the Ludex investors"}],"team":[{"id":3884739,"entity_id":"wefunder:company_role:3884739","user_entity_id":"wefunder:user:4174710","role":"founder","name":"Brian Ludden","title":"CEO \u0026 Founder","bio":"Entrepreneur, inspirational leader, and pioneer. 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I HAVE CALLED MY BANK CARD SERVICES AND ALL THE PAYMENT METHODS OF CARDS ARE IN GOOD ORDER. SO THEREFORE THE ISSUE IS LEFT WITH THE MERCHANT WHICH HAPPENS TO BE wefunder.com.. Please wefunder.com support team reach out to me and resolve this. I want to invest in Ludex.","author_name":"George Simons","votes":2,"created_at":"2024-04-07T12:30:02Z","canonical_url":"https://wefunder.com/ludex#question-280818","answers":[{"id":281049,"entity_id":"wefunder:comment:281049","answer":"Hi George, WeFunder resolved the issue. We are truly sorry for the difficulty and thank you for your feedback.","author_name":"Brian Ludden","votes":1,"created_at":"2024-04-10T18:33:06Z"}]},{"id":280740,"entity_id":"wefunder:comment:280740","question":"I want to invest in Ludex","author_name":"George Simons","votes":2,"created_at":"2024-04-05T21:32:50Z","canonical_url":"https://wefunder.com/ludex#question-280740","answers":[]},{"id":279162,"entity_id":"wefunder:comment:279162","question":"How much of this raise is going to pay your $600k debt maturing 12/1 and 12/31/24?","author_name":"Nicholas Marino","votes":2,"created_at":"2024-03-20T17:11:13Z","canonical_url":"https://wefunder.com/ludex#question-279162","answers":[{"id":279169,"entity_id":"wefunder:comment:279169","answer":"Depending on the amount we raise will determine if we pre-pay the loan off. We have the ability to extend the term for another 12 months. It all comes down to if the money is best used to pay debt or put into the business to accelerate growth.","author_name":"Brian Ludden","votes":2,"created_at":"2024-03-20T17:50:49Z"}]},{"id":314932,"entity_id":"wefunder:comment:314932","question":"Is there a code to enter into the app for the lifetime subscriber perk? I’m really excited about this app and believe in it, but also want to enjoy the perks to the fullest. Thank you!","author_name":"John Myers","votes":1,"created_at":"2025-09-14T16:22:18Z","canonical_url":"https://wefunder.com/ludex#question-314932","answers":[]},{"id":294474,"entity_id":"wefunder:comment:294474","question":"Are Kevin Harrington \u0026amp; Brian Urlacher still actively involved with Ludex??","author_name":"George Simons","votes":1,"created_at":"2024-10-19T02:24:52Z","canonical_url":"https://wefunder.com/ludex#question-294474","answers":[]},{"id":294473,"entity_id":"wefunder:comment:294473","question":"Are Kevin Harrington \u0026amp; Brian Urlacher still actively involved with Ludex??","author_name":"George Simons","votes":1,"created_at":"2024-10-19T02:24:45Z","canonical_url":"https://wefunder.com/ludex#question-294473","answers":[]},{"id":282708,"entity_id":"wefunder:comment:282708","question":"Am I to late to invest","author_name":"Tom MAJORS","votes":1,"created_at":"2024-04-30T07:15:22Z","canonical_url":"https://wefunder.com/ludex#question-282708","answers":[{"id":282726,"entity_id":"wefunder:comment:282726","answer":"Yes. This round has closed.","author_name":"Heather Denniston","votes":0,"created_at":"2024-04-30T15:28:22Z"}]},{"id":280748,"entity_id":"wefunder:comment:280748","question":"Is the reason why I'm having difficulty to pay for the investment of Ludex is because am an international investor of the country of Bermuda?????","author_name":"George Simons","votes":1,"created_at":"2024-04-05T21:58:26Z","canonical_url":"https://wefunder.com/ludex#question-280748","answers":[{"id":280750,"entity_id":"wefunder:comment:280750","answer":"Please reach out to Wefunder support as they can address the issues you are experiencing. Please email support@wefunder.com","author_name":"Heather Denniston","votes":1,"created_at":"2024-04-05T22:01:49Z"}]},{"id":280741,"entity_id":"wefunder:comment:280741","question":"I am having difficulty to pay for the investment of $260 USD.... May Wefunder Support team help me please??","author_name":"George Simons","votes":1,"created_at":"2024-04-05T21:33:59Z","canonical_url":"https://wefunder.com/ludex#question-280741","answers":[{"id":280743,"entity_id":"wefunder:comment:280743","answer":"Hello George, please reach out directly to support@wefunder.com. Thanks so much.","author_name":"Heather Denniston","votes":1,"created_at":"2024-04-05T21:39:18Z"}]},{"id":280739,"entity_id":"wefunder:comment:280739","question":"What is the price of each share of Ludex on wefunder.com????","author_name":"George Simons","votes":1,"created_at":"2024-04-05T21:32:26Z","canonical_url":"https://wefunder.com/ludex#question-280739","answers":[{"id":280744,"entity_id":"wefunder:comment:280744","answer":"It is currently $2.55 each unit. Thanks George.","author_name":"Heather Denniston","votes":1,"created_at":"2024-04-05T21:46:17Z"}]},{"id":279025,"entity_id":"wefunder:comment:279025","question":"Why are the financials of 2023 not available? Can we get an overview uploaded on here?","author_name":"Susi James","votes":1,"created_at":"2024-03-19T15:28:13Z","canonical_url":"https://wefunder.com/ludex#question-279025","answers":[{"id":279050,"entity_id":"wefunder:comment:279050","answer":"We were required to audit 2021 and 2022 financials to begin our reg CF raise. Should we continue on the platform in May, we will also audit 2023 financials. We will also add updated numbers in the \"updates\" section, so please keep an eye for new info there. If you have more questions, please feel free to email us at investors@ludex.ai","author_name":"Heather Denniston","votes":2,"created_at":"2024-03-19T18:57:44Z"}]},{"id":279015,"entity_id":"wefunder:comment:279015","question":"Hi Ludex Team, I'm impressed by your work. I run a SaaS company myself and have a few questions I'd like to ask before considering investing: What's the current number of active paid subscribers for Ludex? What is the monthly or yearly churn rate? What's the customer acquisition cost (CAC) per paying user or for each download? Could you disclose the lifetime value (LTV) of a customer? What are the different revenue streams you have in place? Lastly, what is your current monthly recurring revenue (MRR)?","author_name":"Tom Nickel","votes":1,"created_at":"2024-03-19T12:54:22Z","canonical_url":"https://wefunder.com/ludex#question-279015","answers":[{"id":279022,"entity_id":"wefunder:comment:279022","answer":"Hey there Tom! Thank you for your questions. Let's connect as we would love to have a conversation with you. Email us at Investors@ludex.ai and we will set up a time. Thanks so much for your interest in Ludex!","author_name":"Heather Denniston","votes":2,"created_at":"2024-03-19T14:31:54Z"}]},{"id":278748,"entity_id":"wefunder:comment:278748","question":"I have been a paying customer, using the Ludex app for a couple of years now. I have scanned nearly 45,000 cards (and more coming) into my personal collection. I have been able to use the app at card shows to gauge the fairness of prices dealers are asking vs. the \"Ludex price\" and I have walked away with good deals on cards. As a user, I would highly recommend the app. As an investor, I am going through my due diligence but excited about the opportunity. I know the industry is huge, the product is scalable, and the team that has been formed around this company is certainly noteworthy.","author_name":"Justin Entrekin","votes":1,"created_at":"2024-03-15T14:07:41Z","canonical_url":"https://wefunder.com/ludex#question-278748","answers":[{"id":278765,"entity_id":"wefunder:comment:278765","answer":"Hey Justin! Thank you for your kind message and for your loyalty to Ludex!! As a valued member we would love to connect with you to include you in the early releases of new features (our Enterprise membership and Ludex Marketplace coming soon). Additionally if you have any questions about the investment I welcome you to reach out and email investors@ludex.ai if you have specific questions not covered in the Wefunder overview. Thank you again for your support and being an early adopter! We love to hear that!","author_name":"Heather Denniston","votes":3,"created_at":"2024-03-15T16:18:09Z"}]},{"id":278668,"entity_id":"wefunder:comment:278668","question":"How many card collectors are there in the USA? Thanks","author_name":"Anastasia Svigos","votes":1,"created_at":"2024-03-14T19:44:46Z","canonical_url":"https://wefunder.com/ludex#question-278668","answers":[{"id":278762,"entity_id":"wefunder:comment:278762","answer":"Hello Anastasia, Thank you for your question. From the data we have gathered, we believe there are 25-40M card collectors in the U.S., and around ~110M+ worldwide, which includes trading card games.","author_name":"Heather Denniston","votes":2,"created_at":"2024-03-15T15:50:52Z"}]},{"id":278667,"entity_id":"wefunder:comment:278667","question":"What is your strategy for acquiring so many new customers MoM? Thanks","author_name":"James Greenlees","votes":1,"created_at":"2024-03-14T19:41:50Z","canonical_url":"https://wefunder.com/ludex#question-278667","answers":[{"id":278783,"entity_id":"wefunder:comment:278783","answer":"We use a multi channel marketing approach while activating campaigns that can be measured. Our core channels include but not limited to organic social content, search engine optimization of the website, paid social media, and paid search. We're always testing, learning, and optimizing, which has led to increased cost efficiency while maintaining strong user growth, especially in recent months.","author_name":"Heather Denniston","votes":2,"created_at":"2024-03-15T20:14:37Z"}]},{"id":327932,"entity_id":"wefunder:comment:327932","question":"When we go to the stock market, will everyone's shares gets converted across??Will you see them on the stock market and choose when to sell depending on the price.??Or we are acquired via M\u0026amp;A bought by another company, will we as current shareholders benefit by this transaction hypothetically speaking??","author_name":"George Simons","votes":0,"created_at":"2026-03-17T01:19:21Z","canonical_url":"https://wefunder.com/ludex#question-327932","answers":[]},{"id":302802,"entity_id":"wefunder:comment:302802","question":"Think it would be amazing if you could add a feature that gives you the option to remove duplicate cards:) I love, love, love Ludex though!","author_name":"Roxie Hayward","votes":0,"created_at":"2025-02-23T17:19:47Z","canonical_url":"https://wefunder.com/ludex#question-302802","answers":[{"id":302862,"entity_id":"wefunder:comment:302862","answer":"That feature is on the roadmap as well!! We agree with you that would be helpful. More on that VERY soon!! So glad you love Ludex, if you want to communicate directly or have other questions, please feel free to email me directly at investors@ludex.ai Thank you Roxie :)","author_name":"Heather Denniston","votes":0,"created_at":"2025-02-24T16:38:29Z"}]},{"id":302801,"entity_id":"wefunder:comment:302801","question":"I invested in Ludex. I thought I recall seeing something that investors receive special pricing on card grading? Also, when do you project that you may be adding coins, comics, and other collectibles to Ludex?","author_name":"Roxie Hayward","votes":0,"created_at":"2025-02-23T17:18:16Z","canonical_url":"https://wefunder.com/ludex#question-302801","answers":[{"id":302861,"entity_id":"wefunder:comment:302861","answer":"Hello Roxie, We offered a couple of benefits depending upon how much you invested, but nothing was related to grading cards. We do however have a partnership with PSA where all Ludex users get a discount; that is available in our APP, under the \"Check this out\" section on your dashboard. As to your other question, other collectibles are on our roadmap, no specific timing yet, but we believe Comics would launch first.","author_name":"Heather Denniston","votes":0,"created_at":"2025-02-24T16:37:22Z"}]},{"id":282761,"entity_id":"wefunder:comment:282761","question":"I invested and was wondering when it's okay to make a profile and receive the free subscription?","author_name":"Erik Zaler","votes":0,"created_at":"2024-04-30T21:48:31Z","canonical_url":"https://wefunder.com/ludex#question-282761","answers":[]},{"id":282620,"entity_id":"wefunder:comment:282620","question":"The subscription agreement reflects pre-money valuation between $40M (early bird, $2.55/share) to $45M ($2.83/share). But the investment terms at Wefunder say $32M pre. Curious about the difference?","author_name":"Gregory Denicola","votes":0,"created_at":"2024-04-29T17:05:36Z","canonical_url":"https://wefunder.com/ludex#question-282620","answers":[{"id":282631,"entity_id":"wefunder:comment:282631","answer":"Hi George, We recently amended our Form C to change the pre-money valuation to $32M. If you go to the checkout page (wefunder.com/ludex/invest), you'll see that the $32M price is listed. Additionally, the contracts and Form C linked on that page should all reflect the $32M price. If you see something different, please reach out to Wefunder support. I have done so as well and flagged your question. Thanks so much.","author_name":"Heather Denniston","votes":0,"created_at":"2024-04-29T18:20:10Z"}]},{"id":280522,"entity_id":"wefunder:comment:280522","question":"Hi there, a) What is your most recent monthly burn rate? b) What is your most recent monthly cash on hand? c) Are you raising a parallel angel or VC round simultaneously? If yes, who is investing in this round?","author_name":"Teddy Lyons","votes":0,"created_at":"2024-04-03T23:06:35Z","canonical_url":"https://wefunder.com/ludex#question-280522","answers":[{"id":280523,"entity_id":"wefunder:comment:280523","answer":"Hi Teddy. Can you reach out to investors@ludex.ai Thank you","author_name":"Brian Ludden","votes":0,"created_at":"2024-04-03T23:10:04Z"}]},{"id":280411,"entity_id":"wefunder:comment:280411","question":"Hi Brian, thanks for answering my first question. These are great numbers. Keep up the great work. Just to understand the economics better: What is the average conversion rate from download to paying customer and the monthly churn rate? Thank You.","author_name":"Daniel Marisso","votes":0,"created_at":"2024-04-03T09:22:44Z","canonical_url":"https://wefunder.com/ludex#question-280411","answers":[{"id":280422,"entity_id":"wefunder:comment:280422","answer":"Thanks for the follow up Daniel. Feel free to reach out to Investors@ludex.ai for further discussion.","author_name":"Heather Denniston","votes":0,"created_at":"2024-04-03T15:09:35Z"},{"id":280524,"entity_id":"wefunder:comment:280524","answer":"HI Daniel Can you reach out at investors@ludex.ai Thank you","author_name":"Brian Ludden","votes":0,"created_at":"2024-04-03T23:11:34Z"}]},{"id":280223,"entity_id":"wefunder:comment:280223","question":"As a data platform, I truly hope that Ludex can place a high importance on data. Currently, there are numerous inaccuracies and omissions within eBay sold history data. Please lunch trading feature as soon as possible. I'm also interested in learning about the latest DAU and MAU data of 2024.","author_name":"Eric Jordan","votes":0,"created_at":"2024-04-01T15:16:05Z","canonical_url":"https://wefunder.com/ludex#question-280223","answers":[{"id":280369,"entity_id":"wefunder:comment:280369","answer":"Hi Eric. Thank you for the question. Please reach out to us at investors@ludex.ai","author_name":"Brian Ludden","votes":0,"created_at":"2024-04-02T21:49:46Z"}]},{"id":280210,"entity_id":"wefunder:comment:280210","question":"Hello Team, what is the Customer acquisition cost per paying customer? What is the lifetime value and monthly recurring revenue?","author_name":"Daniel Marisso","votes":0,"created_at":"2024-04-01T04:27:36Z","canonical_url":"https://wefunder.com/ludex#question-280210","answers":[{"id":280215,"entity_id":"wefunder:comment:280215","answer":"HI Daniel. Thank you for your question. Our CAC for a paying member is between $8-$10 with a LTV between $45-$55 as of Q1 of this year.","author_name":"Brian Ludden","votes":1,"created_at":"2024-04-01T13:45:16Z"}]},{"id":279402,"entity_id":"wefunder:comment:279402","question":"\"Our cash in hand is $400,000, as of February 2024\" - Is it true that you've got a Convertible Note for $5.3 million this year, or was it last year?","author_name":"Susi James","votes":0,"created_at":"2024-03-22T13:03:29Z","canonical_url":"https://wefunder.com/ludex#question-279402","answers":[{"id":279723,"entity_id":"wefunder:comment:279723","answer":"HI Susi! Sorry for the late reply. The convertible note was raised over time, 18 months, as we needed the working capital. So it was not a one time close. Thank you for your question.","author_name":"Brian Ludden","votes":2,"created_at":"2024-03-26T17:12:01Z"}]}],"faq":[{"question":"What is your strategy for acquiring so many new customers MoM? Thanks","answer":"We use a multi channel marketing approach while activating campaigns that can be measured. Our core channels include but not limited to organic social content, search engine optimization of the website, paid social media, and paid search. We're always testing, learning, and optimizing, which has led to increased cost efficiency while maintaining strong user growth, especially in recent months."},{"question":"How many card collectors are there in the USA? Thanks","answer":"Hello Anastasia, Thank you for your question. From the data we have gathered, we believe there are 25-40M card collectors in the U.S., and around ~110M+ worldwide, which includes trading card games."},{"question":"I have been a paying customer, using the Ludex app for a couple of years now. I have scanned nearly 45,000 cards (and more coming) into my personal collection. I have been able to use the app at card shows to gauge the fairness of prices dealers are asking vs. the \"Ludex price...","answer":"Hey Justin! Thank you for your kind message and for your loyalty to Ludex!! As a valued member we would love to connect with you to include you in the early releases of new features (our Enterprise membership and Ludex Marketplace coming soon). Additionally if you have any questions about the investment I welcome you to reach out and email investors@ludex.ai if you have specific questions not covered in the Wefunder overview. Thank you again for your support and being an early adopter! We lov..."},{"question":"Hi Ludex Team, I'm impressed by your work. I run a SaaS company myself and have a few questions I'd like to ask before considering investing: What's the current number of active paid subscribers for Ludex? What is the monthly or yearly churn rate? What's the customer acquisiti...","answer":"Hey there Tom! Thank you for your questions. Let's connect as we would love to have a conversation with you. Email us at Investors@ludex.ai and we will set up a time. Thanks so much for your interest in Ludex!"},{"question":"Why are the financials of 2023 not available? Can we get an overview uploaded on here?","answer":"We were required to audit 2021 and 2022 financials to begin our reg CF raise. Should we continue on the platform in May, we will also audit 2023 financials. We will also add updated numbers in the \"updates\" section, so please keep an eye for new info there. If you have more questions, please feel free to email us at investors@ludex.ai"}]}}}