Black Sands Entertainment (2023)
About this raise
Black Sands Entertainment, with a valuation of $39.9 million, is raising funds on Wefunder. The company creates African-American content for an underserved community. Black Sands Entertainment is one of the most popular independent black content developers and black comic book publishers in the country. The business has sold more than 200,000 units and generated $3 million in lifetime sales. Manuel Godoy founded Black Sands Entertainment in 2016. The current round of crowdfunding has a minimum target of $100,000 and a maximum target of $1.9 million. The campaign proceeds will be used for education sales expansion, video game development, YouTube content development, expansion of comic book development, and development of relations with private businesses.
Investment Overview
Invested : $1,188,414
Deal Terms
Total Commitments
- Platform
- Wefunder
- Start Date
- 04/11/2023
- Close Date
- 06/23/2023
$100,001
$1,999,997
$100
Equity - Preferred
Early Stage
RegCF
$7.17
$35,945,586
$39,958,116
Company & Team
Company
- Year Founded
- 2016
- Industry
- Media, Entertainment & Publishing
- Tech Sector
- Distribution Model
- B2C
- Margin
- High
- Capital Intensity
- Low
Financials
- Revenue -23.2% YoY
-
$807,509
as of FY2022
- Monthly Burn
-
$44,979
as of FY2022
-
Runway
-
18.4 months
as of FY2022
- Gross Margin
-
72%
as of FY2022
Upgrade to gain access
-
$12.50 /month
billed annually - Free portfolio tracking, data-driven ratings, AI analysis and reports
- Plan Includes:
- Everything in Free, plus
- Company specific
Kingscrowd ratings and analyst reports
- Deal explorer and side-by-side comparison
- Startup exit and failure tracking
- Startup market filters and historical industry data
- Advanced company search ( with ratings)
- Get Edge Annual
Edge
Ratings 
Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $1,212,105
- VC Backed?
- No
Growth Charts
Revenue History
Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.
Valuation History
Price per Share History
Note: Share prices shown in earlier rounds may not be indicative of any stock splits.
Employee History
Company Updates
Diversity and representation in fictional content is essential for most fans. Creating characters with various ethnicities and backgrounds is not just a matter of representing reality. It also helps media consumers identify with characters, dream big about their future, and develop empathy and respect for differences.
To resolve the lack of representation of black characters in comic books, Black Sands Entertainment creates various comics featuring black characters. The company’s early traction and the positive trends of the market made it a Deal to Watch during its two last raises, which closed in February and December 2020, respectively. I reached out to Black Sands Entertainment founder and CEO Manuel Godoy to learn more about the company’s progress over the last 2 1/2 years.