SportBLX Securities

SportBLX Securities

Closed: Feb. 2022

About this raise

SportBLX Securities, with a valuation of $30 million, is raising funds on Wefunder. The company is revolutionizing sports investing through financial markets. The platform allows fans and investors to invest in unique assets in sports and alternative investments. The proprietary technology platform is coupled with an underwriting arm to identify and select teams and athletes and guide the candidates through the securitization process. SportBLX Securities offers securities related to NFTs, exclusive content, and athlete earnings and plans to expand to film, music, and art. George Hall founded SportBLX Securities in April 2020. The current crowdfunding campaign has a minimum target of $200,000 and a maximum target of $1,070,000. The campaign proceeds will be used for regulatory expenses, legal and accounting, staff compensation, and marketing.

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Investment Overview

Not Funded: $121,890

Deal Terms

Total Commitments

Platform
Wefunder
Start Date
12/06/2021
Close Date
02/21/2022
Min. Goal
$200,000
Max Goal
$1,070,000
Min. Investment

$100

Security Type

SAFE

Company Stage

Early Stage

SEC Filing Type

RegCF    Open SEC Filing

Early Bird Val. Cap

$22,500,000

Valuation Cap

$30,000,000

Discount

20%

Company & Team

Company

Year Founded
2020
Industry
Financial & Insurance Products & Services
Tech Sector
Fintech
Distribution Model
B2B/B2C
Margin
High
Capital Intensity
Low
Location
New York, New York
Business Type
Growth
Company Website
Visit Website

Team

Employees
8
Prior Founder Exits?
No
Founder Name
George E Hall
Title
CEO and Executive Chairman

Financials

 Revenue
$214,000
 Monthly Burn
$70,817
 Runway
0 months

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$214,000

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-849,801

$-2,075,568

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$299

$0

Accounts Receivable

$40,237

$58,641

Total Assets

$40,536

$58,641

Short-Term Debt

$670,685

$439,009

Long-Term Debt

$0

$0

Total Liabilities

$670,685

$439,009

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
02/21/2022 Wefunder $30,000,000 $121,890 SAFE Not Funded RegCF
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SportBLX Securities on Wefunder 2021
Platform: Wefunder
Security Type: SAFE
Valuation: $30,000,000

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

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