Breshna.io

Breshna.io

Growth Stage

Empowering you to create ur own video games with no-code, think Canva for games

Empowering you to create ur own video games with no-code, think Canva for games

Overview

Raised to Date: Raised: $60,300

Total Commitments ($USD)

Platform

Republic

Start Date

11/20/2023

Close Date

02/15/2024

Min. Goal
$50,000
Max. Goal
$618,000
Min. Investment

$100

Security Type

SAFE

Series

Series A

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$50,000,000

Discount

0%

Rolling Commitments ($USD)

Status
Funded
Reporting Date

02/28/2024

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$701

# of Investors

92

Momentum
Funded
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Year Founded

2021

Industry

Media, Entertainment & Publishing

Tech Sector

EdTech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

Low

Location

Vienna, Virginia

Business Type

High Growth

Breshna.io, with a valuation of $50 million, is raising funds on Republic. The company has developed a platform for users to create their own video games with no code. Breshna.io empowers the non-tech non-gamer audiences to create and monetize their games for educational, entertainment, marketing, and training purposes at lightning speed and free of cost. The platform has over 170,000 registered game makers and has been featured on TEDx, Entrepreneur Elevator Pitch, and David Meltzer 2 Min Drill. Mariam Nusrat founded Breshna.io in March 2021. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $618,000. The campaign proceeds will be used for technology and product development, user growth, infrastructure, and general working capital.

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-496,174

$-111,082

Summary Balance Sheet

FY 2022 FY 2021

Cash

$1,406,028

$642,094

Accounts Receivable

$0

$0

Total Assets

$1,882,756

$1,068,189

Short-Term Debt

$26,534

$0

Long-Term Debt

$2,519,879

$1,178,971

Total Liabilities

$2,546,413

$1,178,971

Financials as of: 11/20/2023
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Breshna.io 02/14/2024 Republic $50,000,000 $60,300 SAFE Funded RegCF
GRID 11/29/2021 Republic $5,000,000 $196,160 SAFE Funded RegCF
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Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Valuation History

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.

Employee History

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Analyst Report

Synopsis

Video games have become a significant part of our culture, with millions worldwide playing games for entertainment, education, and even professional competition. However, creating a video game requires a deep understanding of programming and game design, which can be a barrier for many people who have great ideas for games but lack the technical skills to bring them to life.

Breshna.io aims to democratize game creation by providing a platform that allows anyone to create their own video games without writing a single line of code. This approach empowers non-technical users to create and monetize their games for various purposes, including education, entertainment, marketing, and training. The platform has already attracted over 170,000 registered game makers, demonstrating its broad appeal and potential for growth.

By lowering the barrier to entry for game creation, Breshna.io is opening up a new world of possibilities for people who have always dreamed of making their own games. This could lead to a surge in creativity and innovation in the gaming industry as more diverse voices get the chance to share their unique perspectives and ideas. Furthermore, the ability to monetize games created on the platform provides a new income stream for creators, contributing to the growing "creator economy."

With its user-friendly platform and focus on empowering non-technical users, Breshna.io is well-positioned to capitalize on the growing interest in game creation and the broader trend towards no-code development platforms. The company's current fundraising campaign will support further technology and product development, user growth, infrastructure, and general working capital, driving its mission to make game creation accessible to everyone.

Next Section: Price

Price

Breshna.io is raising funds on Republic at a valuation of $50 million. As a pre-revenue company, Breshna.io is in the early stages of development. However, its unique offering and the growing popularity of no-code development platforms make it an attractive investment opportunity. The company's business model is primarily B2B and B2C, allowing both individuals and businesses to create and monetize their own video games for various purposes, including education, entertainment, marketing, and training.

While Breshna.io is currently generating no revenue, its valuation of $50 million may seem high. However, it's important to note that valuations for high-growth companies in the media, entertainment, and publishing industries can be subjective and based on future potential rather than current financials. With notable investors such as Paris Hilton and Randi Zuckerberg backing the company, it has gained credibility and support from influential figures in the industry.

Next Section: Market

Market

Breshna.io operates within the global no-code development platforms market, a rapidly growing field valued at approximately $16.92 billion. This market is projected to grow at a compound annual growth rate (CAGR) of 24.1%. No-code platforms empower users with little to no technical skills to develop applications or systems, thereby democratizing the process of software development.

The demand for these platforms is driven by the need for businesses and individuals to create custom software solutions quickly and cost-effectively. This need is particularly evident in the education, marketing, and training sectors, where custom solutions can greatly enhance user engagement and learning outcomes.

However, the no-code development platforms market features established competitors, indicating a moderately competitive landscape. While the company's unique focus on game creation differentiates it and may appeal to a niche audience, Breshna.io will need to continuously innovate and improve its offering to stay ahead of competitors.

Next Section: Team

Team

Breshna.io is led by founder and CEO Mariam Nusrat. With three years of relevant industry experience, Nusrat brings a fresh perspective and innovative mindset to the company. As a non-tech, non-gamer herself, Nusrat is passionate about empowering others to create purposeful video games without the need for coding skills.

While the roles and backgrounds of the rest of the team members are not provided, it can be inferred that they possess the necessary skills and expertise to support the growth and development of Breshna.io. The team has experienced medium growth since the last funding round, indicating a positive trajectory for the company.

Next Section: Differentiation

Differentiation

Breshna.io offers a unique platform that allows non-tech and non-gamer audiences to create their own video games without any coding knowledge. This no-code development platform empowers users to design and monetize games for educational, entertainment, marketing, and training purposes. With over 170,000 registered game makers, Breshna.io has already gained traction and attracted a significant user base.

Despite the competition, Breshna.io has the potential to carve out a niche within the market by targeting non-tech and non-gamer audiences specifically. Breshna.io can differentiate itself and capture a specific market share by focusing on this unique user segment. The platform's ease of use, lightning-fast game creation, and free cost make it an attractive option for individuals and organizations looking to develop games for various purposes.

Partnerships with other industry players can also drive growth and expand Breshna.io's reach. Collaborations with educational institutions, marketing agencies, and training organizations can help promote the platform and attract more users. Additionally, the platform's appearances on TEDx, Entrepreneur Elevator Pitch, and David Meltzer 2 Min Drill provide further validation and exposure for Breshna.io.

Next Section: Performance

Performance

The company has gained traction in the market, with over 170,000 registered game makers on its platform. Breshna.io has been recognized and featured on prestigious platforms such as TEDx, Entrepreneur Elevator Pitch, and David Meltzer 2 Min Drill, further establishing its credibility and visibility in the industry.

Financially, Breshna.io has shown good progress in product development and has experienced high growth in its user base. However, the company has not yet generated any revenue, and there has been no revenue growth since the last round of funding. This is expected given the pre-revenue stage of the company.

Breshna.io has a solid cash position, with cash and cash equivalents of $1.41 million as of the most recent fiscal year-end. The company has also raised $2.57 million in prior funding rounds, indicating investor confidence and support in its growth potential.

The team at Breshna.io has experienced medium growth since the last funding round, demonstrating an expansion of talent and expertise within the company. This growth is crucial for the successful development and scaling of the platform.

Next Section: Risk

Risk

Investing in Breshna.io presents certain risks as the company seeks to establish itself in the competitive market of no-code video game development platforms.

One of the key risks for Breshna.io is the moderate level of competition in the market. While direct competitors are not explicitly mentioned, other players in the market offer similar no-code development platforms. Breshna.io must differentiate itself and effectively market its platform to gain market share and attract users.

Since Breshna.io is still in the pre-revenue stage, there is uncertainty regarding the demand and acceptance of its platform among the target audience. While the platform has over 170,000 registered game makers, the company has not yet generated any revenue. There is a risk that the platform may not achieve the desired user growth and adoption, leading to lower-than-expected revenue generation.

Additionally, Breshna.io relies on partnerships to drive growth and adoption of its platform. The success of these partnerships is crucial for the company to expand its user base and monetize its platform. However, the absence of specific details about these partnerships and their terms creates uncertainty regarding their effectiveness and potential associated risks.

Next Section: Bullish Outlook

Bullish Outlook

Breshna.io is poised to disrupt the gaming industry with its innovative platform that allows users to create their own video games without any coding knowledge. This no-code development platform empowers non-tech, non-gamer audiences to unleash their creativity and monetize their games for various purposes. With over 170,000 registered game makers and endorsements from prestigious platforms such as TEDx, Entrepreneur Elevator Pitch, and David Meltzer 2 Min Drill, Breshna.io has already captured significant attention within the industry.

The market potential for Breshna.io's platform is high, as there is a growing demand for no-code development tools. The platform's ability to cater to a non-technical audience opens up new possibilities for educational, marketing, and training purposes. With its user-friendly interface and lightning-fast development capabilities, Breshna.io is positioned to capitalize on this market opportunity.

Furthermore, Breshna.io has formed partnerships to enhance its offering and expand its reach. These partnerships and the company's recurring revenue model provide a solid foundation for future growth. Notable investors, including Paris Hilton and Randi Zuckerberg, have recognized the potential of Breshna.io and have contributed to its success.

While the competitive landscape is moderately competitive, Breshna.io's unique value proposition and early-mover advantage give it a competitive edge. 

Next Section: Bearish Outlook

Bearish Outlook

Although the company allows non-tech, non-gamer users to create their own video games with no code, there are other platforms offering similar services. The low barriers to entry in this space make it easy for new competitors to emerge and potentially capture market share.

Additionally, Breshna.io is in the pre-revenue stage, indicating that it has not yet generated significant revenue. This lack of revenue growth raises concerns about the company's ability to monetize its platform and attract paying customers. Furthermore, the company's valuation of $50 million seems inflated, considering its current lack of revenue and unproven business model.

While Breshna.io has partnerships and a growing user base with over 170,000 registered game makers, it remains to be seen whether the platform can successfully convert these users into paying customers or generate a substantial user base that can support its business model. The lack of patents and proprietary technology also exposes the company to the risk of imitation and competition from other players in the market.

Next Section: Executive Summary

Executive Summary

Breshna.io, previously known as GRID, is a platform that empowers non-tech, non-gamer audiences to create and monetize their own video games. The platform allows users to create games for educational, marketing, training, and entertainment purposes quickly and at no cost. With over 170,000 registered game makers, Breshna.io positions itself as a significant player in the global no-code development platforms market.

The company is currently in the pre-revenue stage, with a monthly burn rate of $41,347.83 and a net loss of $496,174 in the most recent fiscal year. Despite this, it has successfully raised $2,571,794 in previous funding rounds and attracted notable investors such as Paris Hilton and Randi Zuckerberg.

The funds raised in the current crowdfunding campaign, with a minimum target of $50,000 and a maximum target of $618,000, will be used for technology and product development, user growth, infrastructure, and general working capital. This will help the company further develop its platform and expand its user base.

Although the competitive landscape is moderately competitive and the barriers to entry are low, Breshna.io's unique offering of a no-code gaming platform sets it apart. Its focus on empowering non-tech, non-gamer audiences to create their own games could potentially tap into a new market segment within the gaming industry.

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Breshna.io on Republic 2023
Platform: Republic
Security Type: SAFE
Valuation: $50,000,000

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