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
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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