CBL Worldwide II

CBL Worldwide II

[Closed for Investment] Who Should Be Interested:
Are you an adult who loves playing basketball? Do you wish there was a more competitive league you could join beyond what your rec center might offer? If you said yes, then the CBL Worldwide is the investment you’ve been waiting for. Their platform is helping turn rec basketball into a pro game, giving basketball players the ability to play at their “dream” level -- even if they aren’t drafted into the NBA.

The Company:
The CBL, or Community Basketball League, was founded to help give basketball players back their love of the game. For the millions of basketball athletes out there who couldn’t make it to the NBA, the CBL provides an alternative solution. It offers a local and national competition platform for post-season tournament play, with a community outreach requirement. It also has incentive-based cash prizes, so players can supplement their income while playing. The CBL provides career stats, game film, and a professional network of coaches and teams, along with marketing services, to help players ignite their careers, earn college scholarships, and open professional contract opportunities. So far, the CBL has over 26,000 players in their database that are ready to join, and they are planning to expand to 600 locations in the US. They also have a new app coming, along with a new college league (NCBBL) and women’s league (WCBL).

The Bottom Line:
With the CBL, players can now be given the opportunity to continue playing basketball at a competitive level, while also monetizing their love and passion of the sport. This new league is the leader in the rec and semi-pro basketball marketplace, and they plan to keep making slam dunks -- both on and off the court.

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Investment Overview

Raised this Round: Raised: $8,450

Deal Terms

Total Commitments ($USD)

Platform
StartEngine
Start Date
02/23/2018
Close Date
04/24/2018
Min. Goal
$10,000
Max. Goal
$100,000
Min. Investment

$100

Security Type

Equity - Common

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$5.00

Pre-Money Valuation

$9,000,000

Company & Team

Company

Year Founded
2011
Industry
Fitness & Wellness
Tech Sector
Location
Tempe, Arizona
Company Website
Visit Website

Team

Employees
3

Financials

Financials are not currently available for this company. This may occur if the company is still Testing the Waters, is a Regulation D offering, or if the financials are still under review and being confirmed by our team. For Reg CF and Reg A+ raises, please check back later.

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
04/24/2018 StartEngine $9,000,000 $8,450 Equity - Common Not Funded RegCF
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CBL Worldwide II on StartEngine
Platform: StartEngine
Security Type: Equity - Common
Valuation: $9,000,000
Price per Share: $5.00

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

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