Velocity Esports

Early Stage

Next Generation Gaming Company

Overview

Platform

Dalmore Group

Start Date

11/21/2022

Close Date

12/22/2022

Min. Goal

$50,000

Max. Goal

$5,000,000

Min. Investment

$250

Security Type

Equity - Common

Series

Pre-Seed

Funding Type

RegCF

Price Per Share

$1.00

Pre-Money Valuation

$37,400,000

Location

Chicago, Illinois

Industry

Media, Entertainment & Publishing

Tech Sector

GamingTech

Distribution Model

B2C

Margin

Medium

Capital Intensity

High

Business Type

Growth

Velocity Esports, with a valuation of $37.4 million, is raising funds on Dalmore Group. It is a next-generation gaming company with an omnichannel brick-and-mortar and online gameplay model. The company has developed proprietary technology around its database of guests to understand how, what, and where they play to increase their engagement in gaming and social activities. Velocity Esports has a flagship location in Las Vegas, Nevada, a venue in Cincinnati, Ohio, and plans to open a location in Chicago, Illinois, in 2023. Leonard Ralph Wanger founded Velocity Esports in November 2021. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $5 million. The campaign proceeds will be used to increase the number of venues, grow the online esports offerings, and continue building the technology stack.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$14,214

$0

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$304,500

$0

Accounts Receivable

$0

$0

Total Assets

$304,500

$0

Short-Term Debt

$14,214

$0

Long-Term Debt

$300,000

$0

Total Liabilities

$314,214

$0

Financials as of: 11/21/2022
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Velocity Esports on Dalmore Group 2022
$
Platform: Dalmore Group
Security Type: Equity - Common
Valuation: $37,400,000

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