Virtual Athletics League
Early Stage
Dedicated to bringing a competitive scene to your favorite VR games
Overview
Raised: $56,575
Total Commitments ($USD)
Platform
StartEngine
Start Date
03/17/2022
Close Date
08/31/2022
Min. Goal
$10,000
Max. Goal
$1,059,599
Min. Investment
$120
Security Type
Equity - Preferred
Series
Pre-Seed
SEC Filing Type
RegCF
Price Per Share
$1.20
Pre-Money Valuation
$9,994,286
Rolling Commitments ($USD)
Status
Funded
Reporting Date
09/03/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$341
# of Investors
92
Momentum
Funded
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Year Founded
2018
Industry
Media, Entertainment & Publishing
Tech Sector
GamingTech
Distribution Model
B2B/B2C
Margin
High
Capital Intensity
Low
Virtual Athletics League, with a valuation of $9.99 million, is raising funds on StartEngine. The company is focused on bringing a competitive scene in the VR games industry. The business works with content creators across social platforms to market VR titles and hosts large events among VR studios, including its VR Summer and Winter Games. Virtual Athletics League has partnered with major game titles, including Far Cry, The Walking Dead, and Creed, and reported a 300% revenue growth since 2020. Ryan Burningham and Ryan Ouzounian, and Bobbi Alexandrova founded Virtual Athletics League in January 2018. The current crowdfunding campaign has a minimum target of $9,999.60 and a maximum target of $1,059,598.80. The campaign proceeds will be used to grow the team size, improve the tournament and league infrastructure, expand the current IP, start some publishing efforts, and host more events.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$323,774 |
$224,403 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-21,836 |
$-15,519 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$9,166 |
$106,289 |
|
Accounts Receivable |
$0 |
$5,001 |
|
Total Assets |
$9,941 |
$111,290 |
|
Short-Term Debt |
$92,729 |
$174,637 |
|
Long-Term Debt |
$87,426 |
$85,031 |
|
Total Liabilities |
$180,155 |
$259,668 |
Financials as of: 03/17/2022
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