Scrimmage

Scrimmage

Closed: Sep. 2022

About this raise

Scrimmage, with a valuation of $3 million, is raising funds on PicMii. The business is an operator in the sports betting industry and acts as the broker between sports bettors and sportsbooks. The system simplifies the sports betting process, helps bettors get the best price available, and keeps track of the complete history of bets. Scrimmage is already licensed in most of the US states with online legal sports betting and earns through affiliate marketing with the top US sportsbooks. Matthew Dever and Daniel Taren founded Scrimmage in July 2021. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $250,000. The campaign proceeds will be used for growth and expansion.

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Investment Overview

Invested this round: $87,569

Deal Terms

Total Commitments

Platform
PicMii
Start Date
05/31/2022
Close Date
09/02/2022
Min. Goal
$10,000
Max Goal
$250,000
Min. Investment

$100

Security Type

SAFE

Company Stage

Early Stage

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$3,000,000

Discount

30%

Company & Team

Company

Year Founded
2021
Industry
Media, Entertainment & Publishing
Tech Sector
MediaTech
Distribution Model
B2C
Margin
Medium
Capital Intensity
Low
Location
Del Valle, Texas
Business Type
High Growth
Company Website
Visit Website

Team

Employees
9
Prior Founder Exits?
No
Founder Name
Matthew Dever
Title
CEO, President
Founder Name
Daniel Taren
Title
CEO, President, Secretary

Financials

 Revenue
$0
 Monthly Burn
$2,754
 Runway
8.8 months

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-33,050

$0

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$24,150

$0

Accounts Receivable

$0

$0

Total Assets

$24,150

$0

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$250,000
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
09/02/2022 PicMii $3,000,000 $87,569 SAFE Funded RegCF
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Add to portfolio
Scrimmage on PicMii 2022
Platform: PicMii
Security Type: SAFE
Valuation: $3,000,000

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Follow Scrimmage on PicMii 2022

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

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