FTN Network
Growth Stage
Fantasy sports, sports betting, and sports data subscription B2C & B2B company
Overview
$30,100 - RegCF
$614,100 - Total
$614,100 - Total
Total Commitments ($USD)
Platform
SeedInvest
Start Date
12/12/2022
Close Date
01/30/2023
Min. Goal
$25,000
Max. Goal
$1,235,000
Min. Investment
$1,000
Security Type
SAFE
Series
Seed
SEC Filing Type
RegCF
/ RegD 506(c)
Valuation Cap
$14,500,000
Discount
0%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
02/04/2023
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$627
Momentum
Funded
Create a free account today to gain access to KingsCrowd analytics.
Year Founded
2022
Industry
Media, Entertainment & Publishing
Tech Sector
GamingTech
Distribution Model
B2C
Margin
Medium
Capital Intensity
Low
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
| FY 2021 | FY 2020 | |
|---|---|---|
|
Revenue |
$1,198,084 |
$377,757 |
|
COGS |
$1,355,865 |
$578,766 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-875,719 |
$-450,035 |
Summary Balance Sheet
| FY 2021 | FY 2020 | |
|---|---|---|
|
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: 12/12/2022
Create a free account today to gain access to KingsCrowd analytics.
Upgrade to gain access
Pay Monthly
Annually (Save 17%)
-
$25 /month
billed annually - Free portfolio tracking, data-driven ratings, AI analysis and reports
- Plan Includes:
- Everything in Free, plus
- Company specific
KingsCrowd ratings and analyst reports
- Deal explorer and side-by-side comparison
- Startup exit and failure tracking
- Startup market filters and historical industry data
- Advanced company search ( with ratings)
- Get Edge Annual
Edge
Already a member? Log in here.
Ratings 
Founders: enhance your startup's credibility on KingsCrowd. Create an account to claim this raise page.