Level Up Basketball

Level Up Basketball

Closed: Jul. 2023

About this raise

Level Up Basketball, with a valuation of $7.5 million, is raising funds on Wefunder. The company has developed a super app for basketball training powered by community and gamification. The app enables players to develop skills through more than 400 educational videos and connect with teammates and coaches. Level Up Basketball uses community, analytics, and gamification and is a unique online coaching platform. Evgeny Lisovskiy and Eugene Lisovskiy founded Level Up Basketball in July 2021. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $124,000. The campaign proceeds will be used for product development, technical infrastructure, and marketing.

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Investment Overview

Invested this round: $55,840

Deal Terms

Total Commitments

Platform
Wefunder
Start Date
01/17/2023
Close Date
07/31/2023
Min. Goal
$50,000
Max Goal
$124,000
Min. Investment

$100

Security Type

SAFE

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Early Bird Val. Cap

$5,000,000

Valuation Cap

$6,500,000

Discount

15%

Company & Team

Company

Year Founded
2021
Industry
Education, Training, & Coaching
Tech Sector
GamingTech
Distribution Model
B2C
Margin
High
Capital Intensity
Low
Location
New York, New York
Business Type
Growth
Company Website
Visit Website

Team

Employees
2
Prior Founder Exits?
Yes
Founder Name
Eugene Lisovskiy
Title
CEO
Founder Name
Anton Zimin
Title
CPO

Financials

as of Fiscal Year 2022
 Revenue
$0
 Monthly Burn
$13,288
 Runway
0.5 months

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$7,399

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-159,458

$-68,790

Summary Balance Sheet

FY 2022 FY 2021

Cash

$6,702

$81,300

Accounts Receivable

$1,189

$0

Total Assets

$8,842

$81,300

Short-Term Debt

$12,000

$0

Long-Term Debt

$225,000

$150,000

Total Liabilities

$237,000

$150,000

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$200,090
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
07/31/2023 Wefunder $6,500,000 $55,840 SAFE Funded RegCF
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Add to portfolio
Level Up Basketball on Wefunder 2023
Platform: Wefunder
Security Type: SAFE
Valuation: $6,500,000

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Warning: according to the close date for this deal, Level Up Basketball may no longer be accepting investments.

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