Lightgliders

Lightgliders

Early Stage

The Christian Metaverse to Grow the Good

The Christian Metaverse to Grow the Good

Overview

Raised this Round: Raised: $0

Total Commitments ($USD)

Platform

Wefunder

Start Date

12/01/2022

Close Date

04/14/2023

Min. Goal
$50,000
Max. Goal
$1,235,000
Min. Investment

$100

Security Type

SAFE

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Early Bird Val. Cap

$12,000,000

Valuation Cap

$15,000,000

Discount

20%

Year Founded

2009

Industry

Media, Entertainment & Publishing

Tech Sector

GamingTech

Distribution Model

B2C

Margin

Medium

Capital Intensity

Low

Location

Saint Louis, Missouri

Business Type

Growth

Lightgliders, with a valuation of $15 million, is raising funds on Wefunder. It is a Christian Metaverse to impact the young generation and encourage the important values of hope, purpose, and love. Lightgliders is available online and as an app and is a virtual world of Christian faith, games, and community for kids. The company has an average revenue per user of $7.35 and an active subscription of 1,350 among over 4,000 players. Zach Fay founded Lightgliders in January 2009. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1.24 million. The campaign proceeds will be used for marketing, designing and developing the Lightgliders P2E game MVP, and designing the Lightgliders presence in Roblox.

Summary Profit and Loss Statement

FY 2021 FY 2020

Revenue

$124,374

$108,877

COGS

$22,722

$24,450

Tax

$0

$0

 

 

Net Income

$-842,956

$-899,957

Summary Balance Sheet

FY 2021 FY 2020

Cash

$121,281

$56,632

Accounts Receivable

$0

$0

Total Assets

$235,179

$770,326

Short-Term Debt

$23,540

$54,531

Long-Term Debt

$0

$0

Total Liabilities

$23,540

$54,531

Financials as of: 12/01/2022
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Lightgliders on Wefunder 2022
Platform: Wefunder
Security Type: SAFE
Valuation: $15,000,000

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