Fantasy Sports Company

Early Stage

Data analytics and consumer rewards platform for sports-betting

Analytics

Raised to Date:
$1,291,577 - RegCF
$1,431,579 - Total

Aggregate Commitments $

Platform

SeedInvest

Start Date

04/21/2021

Close Date

07/31/2021

Min. Goal

$25,000

Max. Goal

$3,500,000

Min. Investment

$1,000

Security Type

Equity - Preferred

Funding Type

RegCF / RegD 506(C)

Series

Seed

Pre-Money Valuation

$19,000,000

Rolling Commitments $

Status
Funded
Reporting Date

08/01/2021

Days Remaining
Funded
% of Min. Goal

5,166%

% of Max. Goal

37%

Likelihood of Max
Funded
Avg. Daily Raise

$12,788

Momentum
Funded
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Location

CARLSBAD, California

Industry

Media, Entertainment & Publishing

Tech Sector

GamingTech

Distribution Model

B2C

Margin

Medium

Capital Intensity

Low

Business Type

Growth

Fantasy Sports Company, with a $19 million pre-money valuation, is raising funds on SeedInvest. The platform provides sports gambling tools, analytics, and rewards to sports fans. The aim of the platform is to help fans win at sports betting. Erik Groset and Peter Groset founded Fantasy Sports Company in 2015 and raised over $950,000 in previous rounds of financing. The proceeds of the current crowdfunding round, with a minimum target of $25,000 and a maximum target of $1,070,000, will be used for existing product development, new product development, marketing, sales, and operations. Fantasy Sports Company’s platform has over 500,000 users across all sports gambling tech products.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$743,753

$705,811

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-28,906

$-260,268

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$199,875

$219,366

Accounts Receivable

$0

$0

Total Assets

$200,375

$219,866

Short-Term Debt

$9,823

$15,920

Long-Term Debt

$0

$0

Total Liabilities

$9,823

$15,920

Financials as of: 04/21/2021
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Fantasy Sports Company 07/31/2021 SeedInvest $19,000,000 $1,291,577 Equity - Preferred Funded RegCF
Fantasy Sports Company 04/21/2021 SeedInvest $19,000,000 $507,771 Equity - Preferred Funded Test the Waters
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