Ludex

Ludex

Growth Stage

AI powered app transforming the $44 billion sports and trading cards industry

AI powered app transforming the $44 billion sports and trading cards industry

Overview

Raised to Date: Raised: $286,554

Total Commitments ($USD)

Platform

Wefunder

Start Date

03/11/2024

Close Date

04/28/2024

Min. Goal
$400,000
Max. Goal
$5,000,000
Min. Investment

$100

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$2.89

Early Bird Valuation

$40,500,000

Pre-Money Valuation

$45,000,000

Rolling Commitments ($USD)

Status

Active

Reporting Date

04/15/2024

Days Remaining

13

% of Min. Goal

72%

% of Max. Goal

6%

Likelihood of Max
unlikely
Avg. Daily Raise

$8,187

Momentum
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Year Founded

2021

Industry

Media, Entertainment & Publishing

Tech Sector

GamingTech

Distribution Model

B2C

Margin

High

Capital Intensity

Low

Location

Chicago, Illinois

Business Type

High Growth

Ludex, with a valuation of $45 million, is raising funds on Wefunder. The company has developed an app to revolutionize the sports and trading cards industry. Ludex’s AI-powered app empowers, informs, and educates collectors worldwide by identifying, valuing, and organizing the collection in seconds. The app currently supports Pokemon, Magic the Gathering, basketball, baseball, hockey, football, UFC, racing, and wrestling and plans to launch Star Wars, Marvel, Veefriends, comic books, and pop culture soon. Brian Ludden and Heather Denniston founded Ludex in February 2021. The current crowdfunding campaign has a minimum target of $400,000 and a maximum target of $5 million. The campaign proceeds will be used for marketing, customer acquisition, hiring, and working capital.

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$72,258

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-3,265,119

$-1,043,506

Summary Balance Sheet

FY 2022 FY 2021

Cash

$107,199

$3,076,697

Accounts Receivable

$12,094

$0

Total Assets

$3,208,023

$4,258,785

Short-Term Debt

$499,744

$51,496

Long-Term Debt

$1,765,109

$0

Total Liabilities

$2,264,853

$51,496

Financials as of: 03/11/2024
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Ludex on Wefunder 2024
Platform: Wefunder
Security Type: Equity - Common
Valuation: $45,000,000
Price per Share: $2.89

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