Aggregate Commitments $
SeedInvest
04/21/2021
03/01/2022
$25,000
$1,070,000
$1,000
Equity – Preferred
RegCF / RegD 506(C)
Seed
$19,000,000
Rolling Commitments $
Active
04/21/2021
313
2,087%
49%
$521,634
CARLSBAD, California
Media, Entertainment & Publishing
GamingTech
B2C
Medium
Low
Growth
Fantasy Sports Company, with a $19 million pre-money valuation, is raising funds on SeedInvest. The platform provides sports gambling tools, analytics, and rewards to sports fans. The aim of the platform is to help fans win at sports betting. Erik Groset and Peter Groset founded Fantasy Sports Company in 2015 and raised over $950,000 in previous rounds of financing. The proceeds of the current crowdfunding round, with a minimum target of $25,000 and a maximum target of $1,070,000, will be used for existing product development, new product development, marketing, sales, and operations. Fantasy Sports Company’s platform has over 500,000 users across all sports gambling tech products.
Summary Profit and Loss Statement
|
Revenue |
$743,753 |
$705,811 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
|
|
||
|
|
||
|
Net Income |
$-28,906 |
$-260,268 |
Summary Balance Sheet
|
Cash |
$199,875 |
$219,366 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$200,375 |
$219,866 |
|
Short-Term Debt |
$9,823 |
$15,920 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$9,823 |
$15,920 |
Summary of Crowdfunding Raises
| 03/01/2022 | SeedInvest | $19,000,000 | $521,634 | Equity – Preferred | Active | RegCF |
| 04/21/2021 | SeedInvest | $19,000,000 | $507,771 | Equity – Preferred | Confirmed Closed | Test the Waters |
