About this raise
Portalarium, with a valuation of $25 million, is raising funds on SeedInvest. It is a game-developing company based in Austin, Texas. Portalarium publishes virtual worlds, online social games, and related products and services and maximizes the fun and social play experience between friends. The video game developer is transforming the way massively multiplayer online role playing games (MMORPGs) are played and enjoyed. Dallas Snell, Fred Schmidt, and Richard Garriott founded Portalarium in September 2009. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $1 million. The campaign proceeds will be used for marketing, research and development, and working capital.
Investment Overview
Invested : $789,659
Deal Terms
- Platform
- SeedInvest
- Start Date
- 05/31/2017
- Close Date
- 09/22/2017
$25,000
$1,000,000
$500
Equity - Preferred
Early Stage
RegCF
/ RegD 506(c)
$1.23
$25,000,000
Company & Team
Company
- Year Founded
- 2009
- Industry
- Media, Entertainment & Publishing
- Tech Sector
- Location
- Austin, Texas
- Company Website
-
Visit Website
Team
Financials
-
Revenue
-
$0
as of FY2016
- Monthly Burn
-
$255,715
as of FY2016
-
Runway
-
2.4 months
as of FY2016
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Company Funding & Growth
Funding history
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.