Zelgor (2021)

Zelgor (2021)

About this raise

Zelgor, with a post-money valuation of $4.76 million, is raising funds on NetCapital. The company is building a galaxy of interconnected games, with a strong lifetime value. Zelgor aims to use a freemium business model where the games will be free to play, but the company will monetize through the sales of merchandise and advertising. Zelgor was founded by John Fanning Jr in 2012. The current round of crowdfunding has a minimum raise of $10,000 and a maximum raise of $535,000, and the proceeds will be used to complete the development of Noobs in Space, launch in major markets, and to start the soft launch in test markets. To bring its game Noobs in Space to life, Zelgor is partnering with Disruptor Beam and has another game, NoobTubez, in development.

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Investment Overview

Invested this round: $535,000

Deal Terms

Total Commitments

Platform
Netcapital
Start Date
02/28/2020
Close Date
07/30/2021
Min. Goal
$10,000
Max Goal
$535,000
Min. Investment

$99

Security Type

Equity - Common

Company Stage

Early Stage

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$0.50

Pre-Money Valuation

$4,232,500

Company & Team

Company

Year Founded
2012
Industry
Media, Entertainment & Publishing
Tech Sector
GamingTech
Distribution Model
B2C
Margin
High
Capital Intensity
Low
Location
Boston, Massachusetts
Business Type
Growth
Company Website
Visit Website

Team

Employees
4
Prior Founder Exits?
No
Founder Name
John Fanning Jr.
Title
CEO

Financials

 Revenue
$0
 Monthly Burn
$2,890
 Runway
12.3 months

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-34,680

$-17,850

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$35,405

$79,526

Accounts Receivable

$0

$0

Total Assets

$85,666

$95,276

Short-Term Debt

$363,450

$363,450

Long-Term Debt

$0

$0

Total Liabilities

$363,450

$363,450

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
04/19/2022 StartEngine $10,208,086 $177,099 Equity - Common Funded RegCF
07/30/2021 Netcapital $4,232,500 $535,000 Equity - Common Funded RegCF
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Growth Charts

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Valuation History

Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Employee History

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Zelgor on Netcapital
Platform: Netcapital
Security Type: Equity - Common
Valuation: $4,232,500
Price per Share: $0.50

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