Oakland Sports Club (2023)

Oakland Sports Club (2023)

Closed: Oct. 2023

About this raise

Oakland Sports Club, with a valuation of $78.2 million, is raising funds on Wefunder. It is a pro sports club with purpose-driven soccer teams. Oakland Sports Club’s teams include Project 51O, Roots, and Soul, and they bring sports and community together. Oakland Sports Club is the best hope for pro sports in Oakland and also the first pro team to be a member of the global Common Goal movement. Mike Geddes and Edreece Arghandiwal founded Oakland Sports Club in July 2018. The current crowdfunding campaign has a minimum target of $51,480 and a maximum target of $4.99 million. The campaign proceeds will be used for staff, coach, player, and related costs, gameday and facility costs, and real estate planning.

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Investment Overview

Invested this round: $3,162,013

Deal Terms

Total Commitments

Platform
Wefunder
Start Date
08/18/2023
Close Date
11/01/2023
Min. Goal
$51,480
Max Goal
$4,993,560
Min. Investment

$100

Security Type

Equity - Common

Company Stage

Growth Stage

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$10,296.00

Pre-Money Valuation

$78,226,000

Company & Team

Company

Year Founded
2018
Industry
Media, Entertainment & Publishing
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
High
Capital Intensity
High
Location
Oakland, California
Business Type
Life Style
Company Website
Visit Website

Team

Employees
36
Prior Founder Exits?
No
Founder Name
Mike Geddes
Title
Chief Purpose Officer
Founder Name
Edreece Arghandiwal
Title
CMO

Financials

 Revenue +89% YoY
$3,775,068
as of FY2022
 Monthly Burn
$828,905
as of FY2022
 Runway
0.9 months
as of FY2022
 Gross Margin
87%
as of FY2022

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$3,775,068

$1,992,179

COGS

$492,247

$246,385

Tax

$0

$0

 

 

Net Income

$-9,946,863

$-11,619,433

Summary Balance Sheet

FY 2022 FY 2021

Cash

$777,596

$555,587

Accounts Receivable

$125,208

$22,426

Total Assets

$7,436,939

$7,642,732

Short-Term Debt

$1,281,952

$2,875,411

Long-Term Debt

$9,396,800

$4,528,535

Total Liabilities

$10,678,752

$7,403,946

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$41,069,093
VC Backed?
No
Offering Name Close Date Platform Valuation Total Raised Security Type Status Reg Type
Oakland Roots and Soul Sports Club 01/31/2025 Wefunder $93,017,123 $561,782 Equity - Common Funded RegCF
Oakland Sports Club 11/01/2023 Wefunder $78,226,000 $3,162,013 Equity - Common Funded RegCF
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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

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Add to portfolio
Oakland Sports Club on Wefunder 2023
Platform: Wefunder
Security Type: Equity - Common
Valuation: $78,226,000
Price per Share: $10.00

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Warning: according to the close date for this deal, Oakland Sports Club may no longer be accepting investments.

Oakland Sports Club Deal Report

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