Appalachian FC
Early Stage
Appalachian FC has brought NPSL Soccer to the High Country in a LEGENDARY way
Overview
Raised: $78,926
Total Commitments ($USD)
Platform
Wefunder
Start Date
01/09/2022
Close Date
04/29/2022
Min. Goal
$50,000
Max. Goal
$250,000
Min. Investment
$100
Security Type
Equity - Common
Series
Pre-Seed
SEC Filing Type
RegCF
Price Per Share
$100.00
Pre-Money Valuation
$2,500,000
Rolling Commitments ($USD)
Status
Funded
Reporting Date
04/30/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$724
# of Investors
220
Momentum
Funded
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Year Founded
2020
Industry
Media, Entertainment & Publishing
Tech Sector
Non-Tech
Distribution Model
B2B
Margin
High
Capital Intensity
Low
Appalachian FC, with a valuation of $2.5 million, is raising funds on Wefunder. The legendary football club is a community club for soccer lovers. It is in a massive growth stage leading up to the 2026 World Cup and is led by an experienced ownership and management team. The inaugural season of Appalachian FC kicked off in May 2021 and made it to the High Country. Appalachian FC also sells its merchandise and has sold over $150,000 in merchandise since launching in November 2020. Michael Hitchcock and Jason O’Keefe founded Appalachian FC in September 2020. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $250,000. The campaign proceeds will be used for marketing, business development, investor fulfillment, and distribution.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$259,316 |
$114,612 |
|
COGS |
$9,220 |
$4,359 |
|
Tax |
$5,352 |
$590 |
| ||
| ||
|
Net Income |
$29,141 |
$54,966 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$84,107 |
$54,965 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$84,107 |
$54,965 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$0 |
$0 |
Financials as of: 01/09/2022
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