Refactor Games
Early Stage
Independent Emergent Video Games
Overview
Raised: $43,425
Total Commitments ($USD)
Platform
StartEngine
Start Date
03/17/2023
Close Date
06/14/2023
Max. Goal
$1,234,998
Min. Investment
$249
Security Type
Equity - Common
Series
Seed
SEC Filing Type
RegCF
Price Per Share
$1.08
Pre-Money Valuation
$9,990,000
Rolling Commitments ($USD)
Status
Funded
Reporting Date
06/30/2023
Days Remaining
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$488
# of Investors
20
Momentum
Funded
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Year Founded
2021
Industry
Media, Entertainment & Publishing
Tech Sector
GamingTech
Distribution Model
B2B/B2C
Margin
High
Capital Intensity
Low
Refactor Games, with a valuation of $9.99 million, is raising funds on StartEngine. It is a technology company and video game studio that makes fun and innovative video games. The company uses sports physics engine technology to apply physics simulation to develop realistic and user-friendly video games. Refactor Games has already earned 5,000 customers with its first video game and has key partnerships with companies like Nvidia, Microsoft (Xbox), and Bubba Dutch. Nathan Burba and Arman Megurditchian founded Refactor Games in March 2021. The current crowdfunding campaign has a minimum target of $9,999.72 and a maximum target of $1.23 million. The campaign proceeds will be used for research and development, marketing, operations, and company employment.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$263,466 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-376,655 |
$-6,471 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$65,694 |
$6,139 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$66,254 |
$6,139 |
|
Short-Term Debt |
$144,600 |
$12,600 |
|
Long-Term Debt |
$300,000 |
$0 |
|
Total Liabilities |
$444,600 |
$12,600 |
Financials as of: 03/17/2023
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