BitOGenius

BitOGenius

Open  for investment

About this raise

BitOGenius, with a valuation of $10 million, is raising funds on Mr. Crowd. The company aims to democratize video game creation. BitOGenius uses its patented open-ended game creation technology, Pixicade, to transform physical drawings into playable video games. The company makes game creation enjoyable and accessible for people of all ages and interests and fosters innovation and creativity in gaming. Martin Horstman and Alysha Horstman founded BitOGenius in April 2019. The current crowdfunding campaign has a minimum target of $50,240 and a maximum target of $1.23 million. The campaign proceeds will be used for sales and marketing, product and R&D, inventory, and operations.

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Investment Overview

Committed this round: $298,035

Deal Terms

Total Commitments

Platform
Mr. Crowd
Start Date
10/21/2024
Close Date
04/30/2026
Min. Goal
$50,240
Max Goal
$1,234,880
Min. Investment

$185

Security Type

Equity - Common

Company Stage

Early Stage

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$185.00

Pre-Money Valuation

$10,033,401

Company & Team

Company

Year Founded
2019
Industry
Business Services, Software, & Applications
Tech Sector
GamingTech
Distribution Model
B2C
Margin
High
Capital Intensity
Low
Location
White Plains, New York
Business Type
High Growth
Company Website
Visit Website

Team

Employees
2
Prior Founder Exits?
No
Founder Name
Martin Horstman
Title
CEO
Founder Name
Alysha Horstman
Title
CCO

Financials

 Revenue -48.8% YoY
$535,094
as of FY2024
 Monthly Burn
$10,815
as of FY2024
 Runway
5.5 months
as of FY2024
 Gross Margin
95%
as of FY2024

Summary Profit and Loss Statement

FY 2024 FY 2023

Revenue

$328,602

$535,094

COGS

$17,798

$89,348

Tax

$0

$0

 

 

Net Income

$-129,784

$-83,081

Summary Balance Sheet

FY 2024 FY 2023

Cash

$59,629

$72,466

Accounts Receivable

$269

$12,417

Total Assets

$1,347,880

$1,256,111

Short-Term Debt

$15,163

$12,849

Long-Term Debt

$359,239

$140,000

Total Liabilities

$374,402

$152,849

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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
04/30/2026 Mr. Crowd $10,033,401 $298,035 Equity - Common Active RegCF
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Add to portfolio
BitOGenius on Mr. Crowd 2024
Platform: Mr. Crowd
Security Type: Equity - Common
Valuation: $10,033,401
Price per Share: $185.00

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