CBL Worldwide II

CBL Worldwide II

Early Stage

Rec Basketball Platform & App

Rec Basketball Platform & App

Overview

Raised this Round: Raised: $8,450

Total Commitments ($USD)

Platform

StartEngine

Start Date

02/22/2018

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

Year Founded

2011

Industry

Fitness & Wellness

Tech Sector

Location

Tempe, Arizona

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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CBL Worldwide II on StartEngine
Platform: StartEngine
Security Type: Equity - Common
Valuation: $9,000,000
Price per Share: $5.00

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