FreeRolls Entertainment

Early Stage

Poker Meets Advertising! Over $1.24M in 2019 Revenue!

Overview

Raised to Date: Raised: $117,438

Total Commitments ($USD)

Platform

Wefunder

Start Date

10/24/2019

Close Date

04/29/2020

Min. Goal

$50,000

Max. Goal

$999,998

Min. Investment

$300

Security Type

Equity - Preferred

Series

Series A

Funding Type

RegCF

Price Per Share

$2.38

Pre-Money Valuation

$12,400,000

Rolling Commitments ($USD)

Status
Funded
Reporting Date

05/03/2020

Days Remaining
Funded
% of Min. Goal

235%

% of Max. Goal

12%

Likelihood of Max
Funded
Avg. Daily Raise

$625

# of Investors

95

Momentum
Funded
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Location

Katy, Texas

Industry

Media, Entertainment & Publishing

Tech Sector

Non-Tech

Distribution Model

B2B/B2C

Margin

Low

Capital Intensity

Low

Business Type

Life Style

"We are one of the largest and fastest-growing poker clubs in the State of Texas!"

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$65,185

$0

COGS

$0

$0

Tax

$8,353

$0

 

 

Net Income

$-659,161

$-1,896

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$4,569

$19

Accounts Receivable

$0

$0

Total Assets

$641,560

$1,019

Short-Term Debt

$302,699

$1,415

Long-Term Debt

$443,400

$0

Total Liabilities

$746,099

$1,415

Financials as of: 10/24/2019
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
FreeRolls Entertainment 04/29/2020 Wefunder $12,400,000 $117,438 Equity - Preferred Funded RegCF
FreeRolls Entertainment 08/01/2018 GrowthFountain $5,000,000 $0 Equity - Common Funded RegCF
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FreeRolls Entertainment on Wefunder
$
Platform: Wefunder
Security Type: Equity - Preferred
Valuation: $12,400,000
Invest in a different round for this company? Use my investment date to determine which raise I invested in.

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