Kickit

Kickit

Early Stage

A Soccer-Inspired Hybrid Sports Company

A Soccer-Inspired Hybrid Sports Company

Overview

Raised to Date: Raised: $137,850

Total Commitments ($USD)

Platform

Wefunder

Start Date

06/08/2021

Close Date

12/15/2021

Min. Goal
$50,000
Max. Goal
$750,000
Min. Investment

$150

Security Type

Convertible Note

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Early Bird Val. Cap

$4,500,000

Valuation Cap

$5,000,000

Discount

0%

Rolling Commitments ($USD)

Status
Funded
Reporting Date

12/30/2021

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$729

# of Investors

73

Momentum
Funded
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Year Founded

2016

Industry

Media, Entertainment & Publishing

Tech Sector

Non-Tech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

High

Location

Chicago, Illinois

Business Type

Life Style

Kickit, with a valuation cap of $5 million, is raising crowdfunding on Wefunder. The hybrid sports company is soccer-oriented and offers a single-player soccer juggling tool, The Kickit Pro. The company stands out as it serves individuals and not just multi-player teams. Eli Dent founded Kickit in November 2016. The proceeds of the current crowdfunding round, with a minimum raise of $50,000 and a maximum raise of $750,000, will be used towards an additional sales team to expand distribution, additional accounting support, marketing and advertising, debt reduction, and hosting tournaments. Kickit reported an eleven times growth in revenue from 2018 to 2020, with players like David Beckham endorsing the concept.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$518,000

$268,000

COGS

$310,000

$128,000

Tax

$0

$0

 

 

Net Income

$-128,509

$-62,336

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$23,399

$74,174

Accounts Receivable

$0

$0

Total Assets

$238,037

$176,299

Short-Term Debt

$243

$0

Long-Term Debt

$313,697

$235,713

Total Liabilities

$313,940

$235,713

Financials as of: 06/08/2021
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Kickit on Wefunder 2021
Platform: Wefunder
Security Type: Convertible Note
Valuation: $5,000,000

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