SportsEdTV

SportsEdTV

Closed: Apr. 2022

About this raise

SportsEdTV, with a valuation of $45.1 million, is raising funds on StartEngine. The company has developed an online platform that helps people improve their sports skills. The platform offers free video and blog content for athletes, coaches, and parents and helps them learn any sport anytime, anywhere. SportsEdTV has over 500,000 social media followers and gets 3.5 million monthly unique visitors. Victor Bergonzoli founded SportsEdTV in August 2017. The current crowdfunding campaign has a minimum target of $9,997.50 and a maximum target of $1,069,999.10. The campaign proceeds will be used for growth and expansion.

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Investment Overview

Invested this round: $206,487

Deal Terms

Total Commitments

Platform
StartEngine
Start Date
12/01/2021
Close Date
04/29/2022
Min. Goal
$9,998
Max Goal
$1,069,999
Min. Investment

$102

Security Type

Equity - Common

Company Stage

Early Stage

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$3.10

Pre-Money Valuation

$45,061,966

Company & Team

Company

Year Founded
2017
Industry
Media, Entertainment & Publishing
Tech Sector
MediaTech
Distribution Model
B2C
Margin
Medium
Capital Intensity
Low
Location
Bradenton, Florida
Business Type
Growth
Company Website
Visit Website

Team

Employees
8
Prior Founder Exits?
Yes
Founder Name
Victor Bergonzoli
Title
CEO
Founder Name
Robert Mazzucchelli
Title
Co-Founder, Chairman & CMO
Founder Name
Ciaran Dwyer
Title
CFO

Financials

 Revenue
$2,527
 Monthly Burn
$156,421
 Runway
7.3 months

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$2,527

$13,505

COGS

$894,569

$311,645

Tax

$0

$0

 

 

Net Income

$-1,877,049

$-950,246

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$1,144,928

$1,616,886

Accounts Receivable

$814

$26

Total Assets

$2,047,741

$2,005,473

Short-Term Debt

$59,907

$287,390

Long-Term Debt

$713,797

$0

Total Liabilities

$773,704

$287,390

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
04/29/2022 StartEngine $45,061,966 $206,487 Equity - Common Funded RegCF
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Add to portfolio
SportsEdTV on StartEngine 2021
Platform: StartEngine
Security Type: Equity - Common
Valuation: $45,061,966
Price per Share: $3.10

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Follow SportsEdTV on StartEngine 2021

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

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