Galactic Annihilation
Early Stage
PLANETARY ANNIHILATION JUST GOT BIGGER
Overview
Raised: $850,068
Total Commitments ($USD)
Platform
StartEngine
Start Date
10/17/2023
Close Date
01/16/2024
Min. Goal
$15,000
Max. Goal
$1,235,000
Min. Investment
$500
Security Type
Equity - Common
Series
Seed
SEC Filing Type
RegCF
Price Per Share
$1.05
Pre-Money Valuation
$10,006,500
Rolling Commitments ($USD)
Status
Funded
Reporting Date
01/30/2024
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$9,445
# of Investors
253
Momentum
Funded
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Year Founded
2021
Industry
Media, Entertainment & Publishing
Tech Sector
GamingTech
Distribution Model
B2C
Margin
Medium
Capital Intensity
High
Galactic Annihilation, with a valuation of $10 million, is raising funds on StartEngine. It is a gaming, software, and services company behind the game Industrial Annihilation. Galactic Annihilation has been formed by the creators of the popular real-time strategy game Planetary Annihilation and combines the strategy of the Annihilation game series with deep factory-building. The company is constructing the next generation of RTS in a way players have never seen before. Jonathan Scott Mavor, Erik Lindquist, and Hal Robert Berry Jr. founded Galactic Annihilation in January 2021. The current crowdfunding campaign has a minimum target of $250,000 and a maximum target of $1.24 million. The campaign proceeds will be used for company employment and working capital.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$0 |
$35,000 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-994,180 |
$-250,656 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$25,164 |
$69,344 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$25,164 |
$69,344 |
|
Short-Term Debt |
$1,270,000 |
$320,000 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$1,270,000 |
$320,000 |
Financials as of: 10/17/2023
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