FanShark

FanShark

Closed: Aug. 2023

About this raise: FanShark, with a valuation of $6.9 million, is raising funds on NetCapital. The company has developed a platform that takes celebrity connections to the next level. The platform allows fans to request personal handwritten messages from their favorite celebrities and receive personalized merchandise with digitally printed messages from the celebrities. FanShark also allows celebrities and athletes to send their earnings as charities to their favorite foundations. John Lavin founded FanShark in February 2019. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $1,069,999. The campaign proceeds will be used for software development, player advances, marketing, and professional team and player licensing.

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Investment Overview

Not Funded: $0

Deal Terms

Total Commitments ($USD)

Platform
Netcapital
Start Date
08/30/2022
Close Date
08/31/2023
Min. Goal
$10,001
Max. Goal
$1,069,999
Min. Investment

$100

Security Type

Equity - Common

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$0.95

Pre-Money Valuation

$6,966,540

Company & Team

Company

Year Founded
2019
Industry
Media, Entertainment & Publishing
Tech Sector
MediaTech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
Low
Location
Stamford, Connecticut
Business Type
Growth
Company Website
Visit Website

Team

Employees
1
Prior Founder Exits?
No
Founder Name
John Lavin
Title
CEO

Funding data not publicly available

Financials

 Revenue
$583
 Monthly Burn
$7,614
 Runway
0.5 months
Gross Margin
77%

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$583

$0

COGS

$137

$0

Tax

$0

$0

 

 

Net Income

$-91,364

$-16,881

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$4,041

$2,699

Accounts Receivable

$0

$0

Total Assets

$47,017

$66,864

Short-Term Debt

$143,818

$87,300

Long-Term Debt

$15,000

$0

Total Liabilities

$158,818

$87,300

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$0
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
08/31/2023 Netcapital $6,966,540 $0 Equity - Common Not Funded RegCF
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Add to portfolio
FanShark on NetCapital 2022
Platform: Netcapital
Security Type: Equity - Common
Valuation: $6,966,540
Price per Share: $0.95

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Follow FanShark on NetCapital 2022

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

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