PLLAY Labs

Early Stage

Peer-to-Peer video game wagering platform leveraging AI with 31,300+ downloads since launch in June

Analytics

Raised to Date: Raised: $306,893

Aggregate Commitments $

Platform

Microventures

Start Date

12/03/2020

Close Date

04/26/2021

Min. Goal

$50,000

Max. Goal

$1,070,000

Min. Investment

$100

Security Type

Convertible Note

Funding Type

RegCF

Series

Seed

Valuation Cap

$10,000,000

Discount Rate

20%

Rolling Commitments $

Status
Funded
Reporting Date

05/02/2021

Days Remaining
Funded
% of Min. Goal

614%

% of Max. Goal

29%

Likelihood of Max
Funded
Avg. Daily Raise

$2,131

Momentum
Funded
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Location

Huntingdon Valley, Pennsylvania

Industry

Media, Entertainment & Publishing

Tech Sector

GamingTech

Distribution Model

B2C

Margin

Medium

Capital Intensity

Low

Business Type

Growth

PLLAY Labs, with a valuation cap of $10 million, is raising funds on MicroVentures. The company has developed a mobile application that allows video gamers to wager money on matches. The users get to access their winnings within seconds of winning. The platform uses artificial intelligence and consumer vision technology to determine winners, monitor cheating, and track achievements. Shawn Gunn and Christine Krzyzanowski founded PLLAY Labs in 2018 and raised over $3 million in previous rounds of financing. The current crowdfunding round has a minimum raise of $50,000 and a maximum raise of $1,070,000, and the funds will be used for marketing, research and development, future wages, and general working capital. PLLAY Labs has over 31,300 downloads and 113,000 impressions since its launch in June 2020.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$550

$0

 

 

Net Income

$-524,443

$-41,034

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$1,138,654

$30,716

Accounts Receivable

$0

$0

Total Assets

$1,987,974

$30,716

Short-Term Debt

$0

$0

Long-Term Debt

$2,547,000

$50,000

Total Liabilities

$2,547,000

$50,000

Financials as of: 12/03/2020
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PLLAY Labs on MicroVentures
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Platform: Microventures
Security Type: Convertible Note
Valuation: $10,000,000

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