Kickit

Early Stage

A Soccer-Inspired Hybrid Sports Company

Analytics

Raised to Date: Raised: $137,850

Aggregate Commitments $

Platform

Wefunder

Start Date

06/09/2021

Close Date

12/15/2021

Min. Goal

$50,000

Max. Goal

$750,000

Min. Investment

$150

Security Type

Convertible Note

Funding Type

RegCF

Series

Seed

Valuation Cap

$5,000,000

Discount Rate

0%

Rolling Commitments $

Status
Funded
Reporting Date

12/31/2021

Days Remaining
Funded
% of Min. Goal

276%

% of Max. Goal

18%

Likelihood of Max
Funded
Avg. Daily Raise

$729

Momentum
Funded
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Location

Chicago, Illinois

Industry

Media, Entertainment & Publishing

Tech Sector

Non-Tech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

High

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: 06/09/2021
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Kickit on Wefunder 2021
$
Platform: Wefunder
Security Type: Convertible Note
Valuation: $5,000,000

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