Silica Nexus by C4D

Silica Nexus by C4D

[Closed for Investment] Silica Nexus by C4D, with a valuation of $20 million, is raising funds on Wefunder. The company has developed a cross-reality platform for gamers to buy, sell, and trade in-game items. The Prize neXus digital vending machine of Silica Nexus by C4D allows gamers to use arcade winnings to collect in-game items. Silica Nexus by C4D is led by industry veterans and working with NAMCO and Intercard to place the machine at a number of entertainment centers. Andrew Prell founded Silica Nexus by C4D in January 2015. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $250,000. The campaign proceeds will be used for development, product acquisition, operations, and marketing.

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Investment Overview

Raised this Round: Raised: $115,755

Deal Terms

Total Commitments ($USD)

Platform
Wefunder
Start Date
01/13/2022
Close Date
04/30/2022
Min. Goal
$50,000
Max. Goal
$250,000
Min. Investment

$100

Security Type

SAFE

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$20,000,000

Discount

10%

Company & Team

Company

Year Founded
2015
Industry
Media, Entertainment & Publishing
Tech Sector
GamingTech
Distribution Model
B2C
Margin
High
Capital Intensity
Low
Location
Louisville, Kentucky
Business Type
Growth
Company Website
Visit Website

Team

Employees
34
Prior Founder Exits?
No
Founder Name
Andrew Prell
Title
CEO

Financials

 Revenue -25% YoY
$167,315
 Monthly Burn
$305,157
 Runway
0 months

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$167,315

$223,295

COGS

$0

$0

Tax

$144

$0

 

 

Net Income

$-3,661,884

$-3,303,837

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$142

$2,810

Accounts Receivable

$0

$0

Total Assets

$5,040,714

$5,014,525

Short-Term Debt

$14,811,489

$10,611,317

Long-Term Debt

$687,600

$677,600

Total Liabilities

$15,499,089

$11,288,917

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
04/30/2022 Wefunder $20,000,000 $115,755 SAFE Funded RegCF
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Silica Nexus by C4D on Wefunder 2022
Platform: Wefunder
Security Type: SAFE
Valuation: $20,000,000

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