Silica Nexus by C4D
Early Stage
A cross-reality platform for gamers to buy, sell, and trade in-game items across game universes
Overview
Raised: $115,755
Total Commitments ($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
Valuation Cap
$20,000,000
Discount
10%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
05/01/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$1,082
# of Investors
152
Momentum
Funded
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Year Founded
2015
Industry
Media, Entertainment & Publishing
Tech Sector
GamingTech
Distribution Model
B2C
Margin
High
Capital Intensity
Low
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.
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 |
Financials as of: 01/13/2022
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