Basement Sports

Underweight
BETA

Indoor game starter kit with a sports league app (baseball + others on the way)

Analytics

Raised to Date: $21,507

Aggregate Commitments $
Platform

Wefunder

Start Date

07/10/2020

Close Date

10/30/2020

Min. Goal

$70,000

Max. Goal

$1,070,000

Min. Investment

$100

Security Type

SAFE

Funding Type

RegCF

Series

Seed

Valuation Cap

$12,000,000

Discount Rate

0%

Weekly Commitments $
Status

Active

Reporting Date

09/16/2020

Days Remaining

41

% of Min. Goal

31%

% of Max. Goal

2%

Likelihood of Max
Avg. Daily Raise

$316

# of Investors

34

Momentum
Location

Jersey City, NJ

Industry

Fitness & Wellness

Tech Sector

GamingTech

Distribution Model

B2C

Margin

High

Capital Intensity

High

Business Type

Growth

Basement Sports, with a $15 million valuation cap, is raising funds on Wefunder. It is a mixed reality sports gaming platform where users can play the physical game with indoor toys and join various sports leagues. The company aims to challenge childhood obesity by keeping kids more active every day. Basement Sports was founded by Arman Rousta in 2019 and has raised over $50,000 since its founding. The current crowdfunding round has a minimum target of $70,000 and a maximum target of $1,070,000, and the funds will be used for sales & marketing, research & development, operations, and management team. Basement Sports is set to launch its iOS and Android apps for Basement Baseball in June 2020 and the Basement Baseball Starter Kit in August 2020. The sports will soon be followed by basketball and soccer.

Summary Profit and Loss Statement
Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-31,790

$0

Summary Balance Sheet
Most Recent Year Prior Year

Cash

$0

$0

Accounts Receivable

$0

$0

Total Assets

$0

$0

Short-Term Debt

$0

$0

Long-Term Debt

$31,790

$0

Total Liabilities

$31,790

$31,790

Ratings

last updated 09/16/2020

Research

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