This company is no longer in business. Investors can get details about any potential exits or failures here.
Ritual Motion
Early Stage
A new creator and community platform designed exclusively for gamers.
Overview
Raised: $712,386
Total Commitments ($USD)
Platform
StartEngine
Start Date
10/25/2021
Close Date
02/08/2022
Min. Goal
$10,000
Max. Goal
$1,070,000
Min. Investment
$100
Security Type
Equity - Common
Series
Pre-Seed
SEC Filing Type
RegCF
Price Per Share
$2.00
Pre-Money Valuation
$20,000,000
Rolling Commitments ($USD)
Status
Funded
Reporting Date
02/27/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$6,785
# of Investors
271
Momentum
Funded
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Year Founded
2019
Industry
Media, Entertainment & Publishing
Tech Sector
MediaTech
Distribution Model
B2C
Margin
Medium
Capital Intensity
Low
Ritual Motion, with a valuation of $20 million, is raising funds on StartEngine. The company has developed a community platform exclusively for gamers. The platform will help gamers, gaming organizations, and e-sports fans to promote, share, and monetize their brands and assets. Ritual Motion has experienced rapid growth and reached 300 million in audience reach and engagement since the launch. Dana DiPaolo and Bill Cesare founded Ritual Motion in January 2019. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $1,070,000. The campaign proceeds will be used for the growth and expansion of the platform.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$112,330 |
$18,979 |
|
COGS |
$55,106 |
$15,700 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-311,631 |
$-258,179 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$83,216 |
$8,025 |
|
Accounts Receivable |
$1,796 |
$1,796 |
|
Total Assets |
$105,190 |
$11,821 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$0 |
$0 |
Financials as of: 10/25/2021
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