Overview

Raised to Date: Raised: $1,132,571

Deal Terms

Investment Momentum

Company Profile

Deal Summary

Financials

Funding History

Growth Charts

Total Commitments ($USD)

Platform

Wefunder

Start Date

12/10/2022

Close Date

10/05/2023

Min. Goal

$150,000

Max. Goal

$1,235,000

Min. Investment

$100

Security Type

SAFE

Series

Seed

SEC Filing Type

RegCF    

Early Bird Val. Cap

$13,000,000

Valuation Cap

$15,000,000

Discount

15%

Venture Capital Investors:

Village Global

Gaingels

Sound Media Ventures

Red & Blue Ventures

Sound Media Ventures

Outlander Capital

Stampede Ventures

Rolling Commitments ($USD)

Status

Funded

Reporting Date

10/30/2023

Days Remaining

Funded

% of Min. Goal

Funded

% of Max. Goal

Funded

Likelihood of Max

Funded

Avg. Daily Raise

$3,801

# of Investors

1,235

Momentum

Funded

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Overplay

Year Founded

2017

Industry

Media, Entertainment & Publishing

Tech Sector

MediaTech

Distribution Model

B2C

Margin

Medium

Capital Intensity

Low

Location

New York, New York

Business Type

Growth

Company Website

Overplay, with a valuation of $15 million, is raising funds on Wefunder. The company has developed a game engine that makes videos interactive by converting them into games. The patented and AI-powered technology of Overplay makes video content more entertaining and engaging and puts the power into the hands of the creators. Overplay has been used to play over 1 million games and has a waitlist of 7,000 creators. Daniel Projansky and Caroline Strzalka founded Overplay in August 2017. The current crowdfunding campaign has a minimum target of $150,000 and a maximum target of $1.24 million. The campaign proceeds will be used for product development, marketing, infrastructure costs, and general corporate expenses.

Summary Profit and Loss Statement

	FY 2022	FY 2021
Revenue	$0	$0
COGS	$0	$0
Tax	$0	$0
Net Income	$-850,329	$-249,337

Summary Balance Sheet

	FY 2022	FY 2021
Cash	$15,672	$767,537
Accounts Receivable	$0	$0
Total Assets	$1,292,265	$1,190,823
Short-Term Debt	$20,117	$3,346
Long-Term Debt	$2,510,000	$1,575,000
Total Liabilities	$2,530,117	$1,578,346

Financials as of: 12/10/2022

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Raise History

Offering Name	Close Date	Platform	Valuation/Cap	Total Raised	Security Type	Status	Reg Type
Overplay	07/08/2024	Wefunder	$50,000,000	$559,361	SAFE	Active	RegCF
Overplay	10/04/2023	Wefunder	$15,000,000	$1,132,571	SAFE	Funded	RegCF

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• Price per Share
• Valuation
• Revenue
• Employees

Price per Share Valuation Revenue Employees

Price per Share History

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

Valuation History

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.

Employee History

Overplay Co-Founder Caroline Strzalka on a New Category of Social Media

Social media gave rise to a new type of celebrity — the influencer — and changed how billions of people connect, express themselves, shop, and even learn. It’s become so entrenched in our daily lives that it’s easy to forget how new social media actually is. But it still has a lot of room for growth.

Overplay is bringing the video game experience to social media. It lets users turn videos into games — complete with trophies and badges — and post them on social media for others to play. We reached out to Chief Operating Officer and co-founder Caroline Strzalka to hear about how she met her co-founder and her ideas for improving venture investing.

Note: This interview was conducted over phone and email. It has been lightly edited for clarity and length.

Read Founder Interview