PlayChannel

Combining the thrill of live TV game shows with the fun of social mobile games

Analytics

Raised to Date: $86,405

Aggregate Commitments $
Platform

Republic

Start Date

05/28/2021

Close Date

09/24/2021

Min. Goal

$25,000

Max. Goal

$1,070,000

Min. Investment

$250

Security Type

SAFE

Funding Type

RegCF

Series

Seed

Valuation Cap

$17,500,000

Discount Rate

20%

Rolling Commitments $
Status

Active

Reporting Date

06/13/2021

Days Remaining

103

% of Min. Goal

346%

% of Max. Goal

8%

Likelihood of Max
unlikely
Avg. Daily Raise

$5,400

# of Investors

142

Momentum
cool
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Location

Glen Cove, New York

Industry

Media, Entertainment & Publishing

Tech Sector

GamingTech

Distribution Model

B2C

Margin

Low

Capital Intensity

Low

Business Type

Growth

PlayChannel, with a valuation cap of $17.5 million, is raising funds on Republic. The business is combining the live TV game shows thrill with social mobile games fun. The players become contestants in a live TV game show and stand a chance to win real prizes. James Jones founded PlayChannel in January 2019. The current crowdfunding round has a minimum raise of $25,000 and a maximum raise of $1,070,000. The raise proceeds will target user acquisition and revenue growth. PlayChannel is generating an annual revenue run rate of over $7 million and growing fast. The business reported $2.2 million in revenue in 2020 and expects to generate $8.6 million in 2021.
Summary Profit and Loss Statement
Most Recent Year Prior Year

Revenue

$2,178,008

$22

COGS

$1,341,449

$22,960

Tax

$0

$0

 

 

Net Income

$2,095

$-114,444

Summary Balance Sheet
Most Recent Year Prior Year

Cash

$202,943

$89,260

Accounts Receivable

$151,369

$0

Total Assets

$904,627

$481,341

Short-Term Debt

$21,970

$25,779

Long-Term Debt

$0

$0

Total Liabilities

$21,970

$25,779

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