FTN Network

Growth Stage

Fantasy sports, sports betting, and sports data subscription B2C & B2B company

Overview

Raised to Date:
$30,100 - RegCF
$614,100 - Total

Total Commitments ($USD)

Platform

SeedInvest

Start Date

12/13/2022

Close Date

01/30/2023

Min. Goal

$25,000

Max. Goal

$1,235,000

Min. Investment

$1,000

Security Type

SAFE

Series

Seed

Funding Type

RegCF / RegD 506(c)

Valuation Cap

$14,500,000

Discount Rate

0%

Rolling Commitments ($USD)

Status
Funded
Reporting Date

02/01/2023

Days Remaining
Funded
% of Min. Goal

120%

% of Max. Goal

2%

Likelihood of Max
Funded
Avg. Daily Raise

$627

Momentum
Funded
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Location

San Diego, California

Industry

Media, Entertainment & Publishing

Tech Sector

GamingTech

Distribution Model

B2C

Margin

Medium

Capital Intensity

Low

Business Type

Growth

FTN Network, with a valuation of $14.5 million, is raising funds on SeedInvest. It is a fantasy sports and sports betting company that helps sports bettors, fantasy sports enthusiasts, and data professionals succeed. The business runs four websites, of which three are B2C freemium subscription sites, and one is a B2B data site. FTN Network has 14,000 unique subscribers and has generated $2.9 million in total revenue since its launch. Kevin Adams and Stefano Vaccarino founded FTN Network in March 2022. The current crowdfunding campaign has a minimum RegCF target of $25,000, a minimum raise target of $75,000, and a maximum target of $1.24 million. The campaign proceeds will be used for digital marketing, tech development, and the FTN data team.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$1,198,084

$377,757

COGS

$1,355,865

$578,766

Tax

$0

$0

 

 

Net Income

$-875,719

$-450,035

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$58,116

$38,917

Accounts Receivable

$48,614

$38,917

Total Assets

$107,443

$93,660

Short-Term Debt

$409,552

$224,970

Long-Term Debt

$0

$1,225

Total Liabilities

$409,552

$226,195

Financials as of: 12/13/2022
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FTN Network on SeedInvest 2022
$
Platform: SeedInvest
Security Type: SAFE
Valuation: $14,500,000

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