Level Up Basketball

Early Stage

Super App for Basketball Training: Powered by Community and Gamification

Overview

Raised to Date: 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
extremely
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

Business Type

Growth

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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Level Up Basketball on Wefunder 2023
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Platform: Wefunder
Security Type: SAFE
Valuation: $6,500,000

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