About this raise

PvP, with a pre-money valuation of $12 million, is raising crowdfunding on StartEngine. It is a gamers’ social community that connects gamers globally through a digital gamer identity. The social community allows gamers to meet, connect, build, improve, and grow together. Phil Stover and Chris Gray founded PvP in January 2019. The current crowdfunding campaign has a minimum raise of $9,999.36 and a maximum raise of $1,069,999.68, and the funds will be used for growth and expansion. PvP currently has over 113,000 active users and uses multi-platform integration. The company has strategic partnerships with Twitch, Alienware, and Blerp, leading to above-average retention rates.

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Investment Overview

Invested this round: $327,437

Deal Terms

Total Commitments

Platform
StartEngine
Start Date
05/06/2021
Close Date
10/26/2021
Min. Goal
$9,999
Max Goal
$1,070,000
Min. Investment

$104

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$0.96

Pre-Money Valuation

$12,000,000

Company & Team

Company

Year Founded
2019
Industry
Consumer Products, Goods & Services
Tech Sector
GamingTech
Distribution Model
B2C
Margin
High
Capital Intensity
Low
Location
Manhattan Beach, California
Business Type
Growth
Company Website
Visit Website

Team

Employees
10
Prior Founder Exits?
No
Founder Name
Phil Stover
Title
CEO
Founder Name
Chris Gray
Title
CTO

Financials

 Revenue
$0
 Monthly Burn
$54,307
 Runway
1.6 months

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$4,799

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-651,687

$-287,585

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$84,241

$816

Accounts Receivable

$0

$0

Total Assets

$740,440

$401,504

Short-Term Debt

$251,395

$55,951

Long-Term Debt

$0

$0

Total Liabilities

$251,395

$55,951

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
03/31/2024 Wefunder $20,000,000 $102,087 SAFE Funded RegCF
02/23/2023 DealMaker Securities $7,050,219 $88,168 Equity - Common Funded RegCF
04/30/2022 Dalmore Group $11,202,479 $2,971,536 Equity - Common Funded RegCF
10/26/2021 StartEngine $12,000,000 $327,437 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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PvP on StartEngine
Platform: StartEngine
Security Type: Equity - Common
Valuation: $12,000,000
Price per Share: $0.96

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