Game Loot Network

Game Loot Network

Closed: Jun. 2017

About this raise

Game Loot Network, with a valuation of $25 million, is raising funds on StartEngine. It is a social gaming community that enables mobile gamers to play games and earn. Game Loot Network allows gamers to purchase or win digital Game Loot tokens and compete against others in tournaments to win incredible prizes. Lance Baker founded Game Loot Network in January 2017. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $1 million. The campaign proceeds will be used for platform improvements, marketing, operations, professional fees, and working capital.

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Investment Overview

Invested this round: $5,176

Deal Terms

Platform
StartEngine
Start Date
03/15/2017
Close Date
06/30/2017
Min. Goal
$10,000
Max Goal
$1,000,000
Min. Investment

$100

Security Type

Equity - Common

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$25.00

Pre-Money Valuation

$25,000,000

Company & Team

Company

Year Founded
2017
Industry
Media, Entertainment & Publishing
Tech Sector
MediaTech
Location
Lake Lotawana, Missouri
Company Website
Visit Website

Team

Funding data not publicly available

Financials

as of Fiscal Year 2016
 Revenue
$0
 Monthly Burn
$50,916
 Runway
6.2 months

Summary Profit and Loss Statement

FY 2016 FY 2015

Revenue

$5,328,834

$172,319

COGS

$5,384,981

$99,535

Tax

$0

$0

 

 

Net Income

$-610,992

$-10,703

Summary Balance Sheet

FY 2016 FY 2015

Cash

$317,324

$22,313

Accounts Receivable

$22,996

$1,040

Total Assets

$1,133,482

$163,143

Short-Term Debt

$581,431

$2,901

Long-Term Debt

$613,483

$56,271

Total Liabilities

$1,194,914

$59,172

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
06/30/2017 StartEngine $25,000,000 $5,176 Equity - Common Funded RegCF
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Add to portfolio
Game Loot Network on StartEngine 2017
Platform: StartEngine
Security Type: Equity - Common
Valuation: $25,000,000
Price per Share: $25.00

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Warning: according to the close date for this deal, Game Loot Network may no longer be accepting investments.

Game Loot Network Deal Report

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