Gravity Jack
Growth Stage
Own Tomorrow
Overview
Raised: $301,397
Total Commitments ($USD)
Platform
StartEngine
Start Date
09/15/2023
Close Date
02/12/2024
Min. Goal
$14,998
Max. Goal
$1,235,000
Min. Investment
$349
Security Type
Equity - Common
Series
Seed
SEC Filing Type
RegCF
Price Per Share
$3.92
Pre-Money Valuation
$22,776,537
Rolling Commitments ($USD)
Status
Funded
Reporting Date
02/28/2024
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$2,023
# of Investors
309
Momentum
Funded
Create a free account today to gain access to KingsCrowd analytics.
Year Founded
2007
Industry
Business Services, Software, & Applications
Tech Sector
GamingTech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
High
Gravity Jack, with a valuation of $22.78 million, is raising funds on StartEngine. It is an augmented reality and virtual reality agency that specializes in AR, VR, and Web3 services. Gravity Jack aims to create a world where technology and human experience connect seamlessly and has worked with multiple Fortune 500 clients. The company is currently working on its next anticipated project, WarTribe of Binyamin, a mobile game that places humanity against a real AI villain. Aaron Luke Richey and Jennifer Lorraine Richey founded Gravity Jack in December 2007. The current crowdfunding campaign has a minimum target of $14,997.92 and a maximum target of $1.23 million. The campaign proceeds will be used for research and development, company employment, and working capital.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$1,583,865 |
$1,499,602 |
|
COGS |
$592,242 |
$433,644 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-59,115 |
$757,916 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$143,090 |
$383,195 |
|
Accounts Receivable |
$74,357 |
$295,452 |
|
Total Assets |
$524,696 |
$705,110 |
|
Short-Term Debt |
$314,914 |
$291,783 |
|
Long-Term Debt |
$635,700 |
$663,697 |
|
Total Liabilities |
$950,614 |
$955,480 |
Financials as of: 09/15/2023
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.