T2M

T2M

Closed: Jan. 2021

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.

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Investment Overview

Invested this round: $15,060

Deal Terms

Total Commitments

Platform
Netcapital
Start Date
10/13/2020
Close Date
01/15/2021
Min. Goal
$10,000
Max Goal
$1,070,000
Min. Investment

$5

Security Type

Equity - Common

Company Stage

Early Stage

SEC Filing Type

RegCF / RegD 506(c)    Open SEC Filing

Price Per Share

$5.00

Pre-Money Valuation

$45,000,000

Company & Team

Company

Year Founded
2018
Industry
Media, Entertainment & Publishing
Tech Sector
GamingTech
Distribution Model
B2B/B2C
Margin
Low
Capital Intensity
High
Location
Golden Valley, Minnesota
Business Type
Growth
Company Website
Visit Website

Team

Employees
12

Financials

 Revenue +552% YoY
$937,782
 Monthly Burn
$69,396
 Runway
4.1 months
 Gross Margin
9%

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$937,782

$143,860

COGS

$852,275

$164,417

Tax

$0

$0

 

 

Net Income

$-832,751

$-289,576

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$283,174

$117,328

Accounts Receivable

$194,690

$118,780

Total Assets

$1,502,778

$482,741

Short-Term Debt

$24,235

$121,497

Long-Term Debt

$1,100,150

$150,000

Total Liabilities

$1,124,385

$271,497

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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)
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Add to portfolio
T2M on NetCapital
Platform: Netcapital
Security Type: Equity - Common
Valuation: $45,000,000
Price per Share: $5.00

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Follow T2M on NetCapital

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