Making Fun

Making Fun


About this raise: Making Fun, with a valuation of $15.1 million, is raising funds on StartEngine. It is a video game development and publishing company that created an action role-playing game franchise, Eternium. Eternium is one of the top action role-playing games live on phones, tablets, and computers, with 41 million downloads, 7.5 million registered players, and $22 million in consumer spending. Making Fun is currently building the successor of Eternium, Astera, which is planned to be launched in six months. John Welch founded Making Fun in March 2009. The current crowdfunding campaign has a minimum target of $14,999.53 and a maximum target of $318,578.26. The campaign proceeds will be used for research and development and advertising.

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Investment Overview

Invested this round: $97,571

Deal Terms

Total Commitments ($USD)

Platform
StartEngine
Start Date
09/05/2024
Close Date
12/03/2024
Min. Goal
$15,000
Max. Goal
$318,578
Min. Investment

$499

Security Type

Equity - Preferred

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$0.91

Pre-Money Valuation

$15,062,712

Company & Team

Company

Year Founded
2009
Industry
Media, Entertainment & Publishing
Tech Sector
GamingTech
Distribution Model
B2C
Margin
High
Capital Intensity
Low
Location
OAKLAND, California
Business Type
High Growth
Company Website
Visit Website

Team

Employees
5
Prior Founder Exits?
No
Founder Name
John Welch
Title
CEO

Financials

as of August 1, 2024
 Revenue -42.2% YoY
$1,515,201
 Monthly Burn
$35,000
 Runway
11.1 months
Gross Margin
92%

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$1,357,989

$1,515,201

COGS

$108,156

$165,923

Tax

$0

$517,764

 

 

Net Income

$-570,495

$-1,447,879

Summary Balance Sheet

FY 2023 FY 2022

Cash

$388,809

$642,049

Accounts Receivable

$140,891

$135,553

Total Assets

$609,658

$880,495

Short-Term Debt

$140,037

$215,038

Long-Term Debt

$878,420

$579,000

Total Liabilities

$1,018,457

$794,038

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$749,420
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
12/03/2024 StartEngine $15,062,712 $97,571 Equity - Preferred Funded RegCF
10/31/2023 Wefunder $13,000,000 $751,070 SAFE Funded RegCF / RegD 506(c)
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Growth Charts

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Valuation History

Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Employee History

Add to portfolio
Making Fun on StartEngine 2024
Platform: StartEngine
Security Type: Equity - Preferred
Valuation: $15,062,712
Price per Share: $0.91

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Follow Making Fun on StartEngine 2024

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Warning: according to the close date for this deal, Making Fun may no longer be accepting investments.

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