Azure Ravens Entertainment
Early Stage
A Game Studio Crowd-Owned by YOU!
Overview
Raised: $62,616
Total Commitments ($USD)
Platform
Wefunder
Start Date
06/17/2022
Close Date
02/24/2023
Min. Goal
$50,000
Max. Goal
$1,070,000
Min. Investment
$100
Security Type
SAFE
Series
Pre-Seed
SEC Filing Type
RegCF
Valuation Cap
$10,000,000
Discount
10%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
02/28/2023
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$248
# of Investors
82
Momentum
Funded
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Year Founded
2018
Industry
Media, Entertainment & Publishing
Tech Sector
GamingTech
Distribution Model
B2C
Margin
High
Capital Intensity
Low
Azure Ravens Entertainment, with a valuation of $10 million, is raising funds on Wefunder. It is a crowd-owned gaming studio wherein gamers own the IP and are a part of the development process. The studio is in the process of developing its Farming RPG, Ravenwood Acres, which is inspired by giants in the Farming RPG genre. Ravenwood is a game based on choice and allows for replayability and player retention. Corbin Reeves founded Azure Ravens Entertainment in March 2018. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1,070,000. The campaign proceeds will be used for IP development, marketing, and general overhead.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$50,218 |
$17,303 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-16,650 |
$-8,291 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$2,703 |
$3,378 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$2,703 |
$3,378 |
|
Short-Term Debt |
$458 |
$202 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$458 |
$202 |
Financials as of: 06/17/2022
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