Azure Ravens Entertainment

Azure Ravens Entertainment

Closed: Feb. 2023

About this raise

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.

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Investment Overview

Invested this round: $62,616

Deal Terms

Total Commitments

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

Company Stage

Early Stage

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$10,000,000

Discount

10%

Company & Team

Company

Year Founded
2018
Industry
Media, Entertainment & Publishing
Tech Sector
GamingTech
Distribution Model
B2C
Margin
High
Capital Intensity
Low
Location
Saline, Michigan
Business Type
Growth
Company Website
Visit Website

Team

Employees
10
Prior Founder Exits?
No
Founder Name
Corbin Reeves
Title
Creative Director

Financials

 Revenue
$50,218
 Monthly Burn
$1,388
 Runway
1.9 months

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

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$0
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
02/24/2023 Wefunder $10,000,000 $62,616 SAFE Funded RegCF
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Add to portfolio
Azure Ravens Entertainment on Wefunder 2022
Platform: Wefunder
Security Type: SAFE
Valuation: $10,000,000

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Warning: according to the close date for this deal, Azure Ravens Entertainment may no longer be accepting investments.

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