Ritual Motion

Early Stage

A new creator and community platform designed exclusively for gamers.

Analytics

Raised to Date: Raised: $533,608

Aggregate Commitments $

Platform

StartEngine

Start Date

10/26/2021

Close Date

04/25/2022

Min. Goal

$10,000

Max. Goal

$1,070,000

Min. Investment

$100

Security Type

Equity - Common

Funding Type

RegCF

Series

Pre-Seed

Pre-Money Valuation

$20,000,000

Rolling Commitments $

Status

Active

Reporting Date

12/05/2021

Days Remaining

141

% of Min. Goal

5,336%

% of Max. Goal

50%

Likelihood of Max
extremely
Avg. Daily Raise

$13,340

Momentum
hot.svg
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Location

Providence, Rhode Island

Industry

Media, Entertainment & Publishing

Tech Sector

MediaTech

Distribution Model

B2C

Margin

Medium

Capital Intensity

Low

Business Type

High Growth

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: 10/26/2021
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Ritual Motion on StartEngine 2021
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Platform: StartEngine
Security Type: Equity - Common
Valuation: $20,000,000

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