Sparket

Early Stage

A Wagering Platform Built For The Modern User

Overview

Raised to Date: Raised: $228,397

Total Commitments ($USD)

Platform

StartEngine

Start Date

11/15/2022

Close Date

01/27/2023

Min. Goal

$10,000

Max. Goal

$1,250,000

Min. Investment

$250

Security Type

Equity - Common

Series

Seed

Funding Type

RegCF

Price Per Share

$1.25

Pre-Money Valuation

$13,205,313

Rolling Commitments ($USD)

Status
Funded
Reporting Date

01/31/2023

Days Remaining
Funded
% of Min. Goal

2,284%

% of Max. Goal

18%

Likelihood of Max
Funded
Avg. Daily Raise

$3,129

# of Investors

83

Momentum
Funded
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Location

Dover, Delaware

Industry

Media, Entertainment & Publishing

Tech Sector

GamingTech

Distribution Model

B2B

Margin

Medium

Capital Intensity

Low

Business Type

Growth

Sparket, with a valuation of $13.21 million, is raising funds on StartEngine. The company has created an innovative i-gaming platform to enable operating partners to grow their live event wagering reach and volume. The platform, The Social Betwork, has a user-friendly design and is able to customize bets against the community rather than the house. The free-to-play partnerships of Sparket have gained traction and have contracts with major wagering businesses, including Cahuilla Casino. Aaron Basch and Evan Fisher founded Sparket in April 2019. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $1.25 million. The campaign proceeds will be used for growth and expansion.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-237,950

$-296

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$137,319

$17,843

Accounts Receivable

$0

$0

Total Assets

$266,858

$17,843

Short-Term Debt

$14,630

$14,000

Long-Term Debt

$485,000

$0

Total Liabilities

$499,630

$14,000

Financials as of: 11/15/2022
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Sparket on StartEngine 2022
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Platform: StartEngine
Security Type: Equity - Common
Valuation: $13,205,313

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