SwingVision

SwingVision

Growth Stage

Automated Stats, Highlights & Officiating Using Just Your Phone

Automated Stats, Highlights & Officiating Using Just Your Phone

Overview

Raised this Round: Raised: $1,379,249

Total Commitments ($USD)

Platform

Wefunder

Start Date

05/28/2024

Close Date

07/12/2024

Min. Goal
$250,000
Max. Goal
$1,235,000
Min. Investment

$100

Security Type

SAFE

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Year Founded

2015

Industry

Media, Entertainment & Publishing

Tech Sector

MediaTech

Location

Saratoga, California

SwingVision is raising funds on Wefunder. The company has developed the technology to track 3D objects in any sport. SwingVision uses its patented technology to assist in generating automated stats and highlights and officiating. The platform has more than 15,000 paying subscribers, 100 D1-D3 college teams, and more than $2.5 million in annual recurring revenue. Swupnil Sahai and Richard Hsu founded SwingVision in June 2015. The current crowdfunding campaign has a minimum target of $250,000 and a maximum target of $1.24 million. The campaign proceeds will be used for product development and marketing.

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$2,455,089

$1,074,367

COGS

$790,037

$626,549

Tax

$479

$2,553

 

 

Net Income

$-2,963,145

$-1,878,186

Summary Balance Sheet

FY 2023 FY 2022

Cash

$3,167,541

$1,183,058

Accounts Receivable

$13,996

$0

Total Assets

$4,035,111

$1,542,204

Short-Term Debt

$844,467

$763,350

Long-Term Debt

$0

$110,000

Total Liabilities

$844,467

$873,350

Financials as of: 05/28/2024
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SwingVision on Wefunder 2024
Platform: Wefunder
Security Type: SAFE

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