Level Up Basketball
Early Stage
Super App for Basketball Training: Powered by Community and Gamification
Overview
Raised: $51,740
Total Commitments ($USD)
Platform
Wefunder
Start Date
01/17/2023
Close Date
04/30/2023
Min. Goal
$50,000
Max. Goal
$124,000
Min. Investment
$100
Security Type
SAFE
Series
Seed
Funding Type
RegCF
Valuation Cap
$6,500,000
Discount Rate
15%
Rolling Commitments ($USD)
Status
Active
Reporting Date
02/02/2023
Days Remaining
87
% of Min. Goal
103%
% of Max. Goal
42%
Likelihood of Max
Avg. Daily Raise
$3,234
# of Investors
10
Momentum
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Location
New York, New York
Industry
Education, Training, & Coaching
Tech Sector
GamingTech
Distribution Model
B2C
Margin
High
Capital Intensity
Low
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.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-68,790 |
$0 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$81,300 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$81,300 |
$0 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$150,000 |
$0 |
|
Total Liabilities |
$150,000 |
$0 |
Financials as of: 01/17/2023
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