Skybound

Skybound

Growth Stage

Video game developed by global entertainment co. of The Walking Dead, Invincible

Video game developed by global entertainment co. of The Walking Dead, Invincible

Overview

Raised to Date: Raised: $625,011

Total Commitments ($USD)

Platform

Republic

Start Date

04/08/2024

Close Date

04/29/2024

Min. Goal
$50,000
Max. Goal
$5,000,000
Min. Investment

$100

Security Type

SAFE

SEC Filing Type

RegCF    Open SEC Filing

Early Bird Val. Cap

$480,000,000

Valuation Cap

$510,000,000

Discount

0%

Rolling Commitments ($USD)

Status

Active

Reporting Date

04/28/2024

Days Remaining

0

% of Min. Goal

1,250%

% of Max. Goal

13%

Likelihood of Max
unlikely
Avg. Daily Raise

$31,251

# of Investors

464

Momentum
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Year Founded

2016

Industry

Media, Entertainment & Publishing

Tech Sector

GamingTech

Location

Los Angeles, California

Skybound, with a valuation of $510 million, is raising funds on Republic. It is an upcoming highly coveted video game under the Invincible IP. Skybound will have fans of the comic, the hit TV show, and serious gamers captivated by its experience and will also reap the benefits of being created in-house. This first in-house AAA game is being developed by more than 30 employees of the company and will also add more Invincible games, including Atom Eve, Fortnite, and Guarding the Globe. Robert Kirkman and David Alpert founded Skybound in December 2016. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $5 million. The campaign proceeds will be used for new hires, game development, and game marketing.

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$107,589,467

$64,386,320

COGS

$65,875,704

$33,863,197

Tax

$8,319,502

$2,347,149

 

 

Net Income

$29,921,686

$9,028,875

Summary Balance Sheet

FY 2023 FY 2022

Cash

$26,471,217

$20,901,009

Accounts Receivable

$18,503,433

$15,973,195

Total Assets

$144,118,644

$60,011,768

Short-Term Debt

$58,715,384

$15,999,496

Long-Term Debt

$9,495,006

$3,604,869

Total Liabilities

$68,210,390

$19,604,365

Financials as of: 04/08/2024
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Skybound on Republic 2024
Platform: Republic
Security Type: SAFE
Valuation: $510,000,000

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