BrightLocker

BrightLocker

Closed: Jan. 2018

About this raise

BrightLocker, with a valuation of $24.7 million, is raising funds on StartEngine. It is a social video game platform that connects game developers and gamers. BrightLocker brings the gaming community together for discoverability, crowdfunding, and engagement. The platform enables developers to promote their games to a larger audience and for gamers to get access to new games early in development. Ruben Cortez, Mark Rizzo, Eric Schmitter, and Igor Efremov founded BrightLocker in March 2014. The current crowdfunding campaign has a minimum target of $9,999.96 and a maximum target of $1.07 million. The campaign proceeds will be used for R&D, production, marketing, and working capital.

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Investment Overview

Invested this round: $346,094

Deal Terms

Platform
StartEngine
Start Date
09/12/2017
Close Date
01/26/2018
Min. Goal
$10,000
Max Goal
$1,069,999
Min. Investment

$251

Security Type

Equity - Common

Company Stage

Early Stage

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$3.34

Pre-Money Valuation

$24,692,954

Company & Team

Company

Year Founded
2014
Industry
Media, Entertainment & Publishing
Tech Sector
GamingTech
Location
Austin, Texas
Company Website
Visit Website

Team

Funding data not publicly available

Financials

 Revenue
$0
as of FY2016
 Monthly Burn
$98,052
as of FY2016
 Runway
0.1 months
as of FY2016
 Gross Margin
96%
as of FY2016

Summary Profit and Loss Statement

FY 2016 FY 2015

Revenue

$4,517

$200,000

COGS

$161

$0

Tax

$0

$0

 

 

Net Income

$-1,176,620

$-1,432,114

Summary Balance Sheet

FY 2016 FY 2015

Cash

$13,236

$84,022

Accounts Receivable

$1,750

$1,000

Total Assets

$240,817

$338,790

Short-Term Debt

$1,248

$2,336

Long-Term Debt

$595,939

$418,318

Total Liabilities

$597,187

$420,654

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
01/26/2018 StartEngine $24,692,954 $346,094 Equity - Common Funded RegCF
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Add to portfolio
BrightLocker on StartEngine 2018
Platform: StartEngine
Security Type: Equity - Common
Valuation: $24,692,954
Price per Share: $3.34

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

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