Lightgliders
Early Stage
The Christian Metaverse to Grow the Good
Overview
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
Early Bird Val. Cap
$12,000,000
Valuation Cap
$15,000,000
Discount
20%
Rolling Commitments ($USD)
Status
Not Funded
Reporting Date
04/14/2023
Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise
$0
Momentum
Not Funded
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Year Founded
2009
Industry
Media, Entertainment & Publishing
Tech Sector
GamingTech
Distribution Model
B2C
Margin
Medium
Capital Intensity
Low
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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