SportBLX Securities
Early Stage
The marketplace for sports investing and fan engagement
Overview
Raised: $121,890
Total Commitments ($USD)
Platform
Wefunder
Start Date
12/05/2021
Close Date
02/21/2022
Min. Goal
$200,000
Max. Goal
$1,070,000
Min. Investment
$100
Security Type
SAFE
Series
Seed
SEC Filing Type
RegCF
Early Bird Val. Cap
$22,500,000
Valuation Cap
$30,000,000
Discount
20%
Rolling Commitments ($USD)
Status
Not Funded
Reporting Date
02/19/2022
Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise
$1,583
Momentum
Not Funded
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Year Founded
2020
Industry
Financial & Insurance Products & Services
Tech Sector
Fintech
Distribution Model
B2B/B2C
Margin
High
Capital Intensity
Low
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.
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 |
Financials as of: 12/05/2021
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