IQ Billiards
About this raise
IQ Billiards, with a valuation of $0.5 million, is raising funds on StartEngine. The company makes augmented reality projection systems to modernize the classic pool hall experience. The technology of IQ Billiards infuses interactive gameplay into the game and offers a number of themes, games, and training modes. IQ Billiards aims to expand its residential and wholesale sales and plans to get into B2B partnerships with indoor family entertainment centers. Mark Guilarte founded IQ Billiards in August 2022. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $1.24 million. The campaign proceeds will be used for research and development, inventory, company employment, and operations.
Investment Overview
Invested : $14,285
Deal Terms
Total Commitments
- Platform
- StartEngine
- Start Date
- 01/16/2023
- Close Date
- 04/13/2023
$10,000
$1,235,000
$100
Equity - Common
Pre-Seed
RegCF
$2.00
$500,000
Company & Team
Company
- Year Founded
- 2022
- Industry
- Media, Entertainment & Publishing
- Tech Sector
- Distribution Model
- B2B/B2C
- Margin
- Medium
- Capital Intensity
- High
Financials
-
Revenue
- $108,104
- Monthly Burn
- Profitable
- Cash on Hand
- $2,068
- Gross Margin
- 61%
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $0
- VC Backed?
- No
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 04/13/2023 | StartEngine | $500,000 | $14,285 | Equity - Common | Funded | RegCF |