Pressure Games

Pressure Games

Closed: Apr. 2020

About this raise

Pressure Games, with a valuation cap of $3.5 million, is raising funds on WeFunder. The company uses technology to create award-winning toys around playground games. The first patent-pending toy of Pressure Games combines hide-and-seek with technological innovation to create endless fun. Pressure Games was founded by Alex Andreae, Liz Hughes, and Nilesh Kulkarni and has raised around $60,000 since its inception. The proceeds of the current crowdfunding round, with a minimum target of $50,000 and a maximum target of $107,000, will be used for product research and development, marketing and promotions, and employee compensation and wages. Pressure Games is set to launch its first product in the second quarter of 2020 and is sending demo units to reviewers and parents for feedback.

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Investment Overview

Invested this round: $50,778

Deal Terms

Total Commitments ($USD)

Platform
Wefunder
Start Date
11/12/2019
Close Date
04/10/2020
Min. Goal
$50,000
Max Goal
$107,000
Min. Investment

$100

Security Type

Convertible Note

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$3,500,000

Discount

20%

Company & Team

Company

Year Founded
2018
Industry
Consumer Products, Goods & Services
Tech Sector
EdTech
Distribution Model
B2B/B2C
Margin
Low
Capital Intensity
Low
Location
Punta Gorda,
Business Type
Life Style
Company Website
Visit Website

Team

Employees
3
Founder Name
Alex Andreae
Title
CEO

Financials

 Revenue
$300
 Monthly Burn
$3,856
 Runway
0.8 months

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$300

$0

COGS

$0

$0

Tax

$0

$5,755

 

 

Net Income

$-46,270

$-5,755

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$2,919

$776

Accounts Receivable

$0

$0

Total Assets

$4,161

$1,567

Short-Term Debt

$1,842

$2,981

Long-Term Debt

$54,921

$4,291

Total Liabilities

$56,763

$7,272

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
04/10/2020 Wefunder $3,500,000 $50,778 Convertible Note Funded RegCF
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Pressure Games on Wefunder
Platform: Wefunder
Security Type: Convertible Note
Valuation: $3,500,000

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

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