PLLAY Labs
Early Stage
Peer-to-Peer video game wagering platform leveraging AI with 31,300+ downloads since launch in June
Overview
Raised: $306,893
Total Commitments ($USD)
Platform
Microventures
Start Date
12/02/2020
Close Date
04/25/2021
Min. Goal
$50,000
Max. Goal
$1,070,000
Min. Investment
$100
Security Type
Convertible Note
Series
Seed
SEC Filing Type
RegCF
Valuation Cap
$10,000,000
Discount
20%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
05/01/2021
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$2,131
# of Investors
754
Momentum
Funded
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Year Founded
2018
Industry
Media, Entertainment & Publishing
Tech Sector
GamingTech
Distribution Model
B2C
Margin
Medium
Capital Intensity
Low
PLLAY Labs, with a valuation cap of $10 million, is raising funds on MicroVentures. The company has developed a mobile application that allows video gamers to wager money on matches. The users get to access their winnings within seconds of winning. The platform uses artificial intelligence and consumer vision technology to determine winners, monitor cheating, and track achievements. Shawn Gunn and Christine Krzyzanowski founded PLLAY Labs in 2018 and raised over $3 million in previous rounds of financing. The current crowdfunding round has a minimum raise of $50,000 and a maximum raise of $1,070,000, and the funds will be used for marketing, research and development, future wages, and general working capital. PLLAY Labs has over 31,300 downloads and 113,000 impressions since its launch in June 2020.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$550 |
$0 |
| ||
| ||
|
Net Income |
$-524,443 |
$-41,034 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$1,138,654 |
$30,716 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$1,987,974 |
$30,716 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$2,547,000 |
$50,000 |
|
Total Liabilities |
$2,547,000 |
$50,000 |
Financials as of: 12/02/2020
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