T2M
About this raise
T2M, with a post-money valuation of $50 million, is raising crowdfunding on NetCapital. The company has created a go-to accessory for a superior mobile gaming experience for gamers. The product, the Rotor Riot controller, allows gamers to play without worrying about lagging or latency. The controller does not require any downloads, software, batteries, or charging. Fraser Townley founded T2M in 2018. The proceeds of the current crowdfunding campaign, with a minimum target of $10,000 and a maximum target of $1,070,000, will be used for new tooling, inventory, consultants, and operations. T2M is focused on seamless and reliable gameplay. The product is currently sold through brick and mortar stores and Amazon and is affordable and competitively priced.
Investment Overview
Invested $15,060 :
Deal Terms
Company & Team
Company
- Year Founded
- 2018
- Industry
- Media, Entertainment & Publishing
- Tech Sector
- Distribution Model
- B2B/B2C
- Margin
- Low
- Capital Intensity
- High
Team
- Employees
- 12
Financials
- Revenue +552% YoY
- $937,782
- Monthly Burn
- $69,396
-
Runway
- 4.1 months
- Gross Margin
- 9%
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Company Funding & Growth
Funding history
Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
---|---|---|---|---|---|---|
01/15/2021 | Netcapital | $45,000,000 | $15,060 | Equity - Common | Funded | RegCF / RegD 506(c) |