Pressure Games
Early Stage
Award-Winning Toys that Combine Playground Games with Tech
Overview
Raised: $50,778
Total Commitments ($USD)
Platform
Wefunder
Start Date
11/11/2019
Close Date
04/10/2020
Min. Goal
$50,000
Max. Goal
$107,000
Min. Investment
$100
Security Type
Convertible Note
Series
Seed
SEC Filing Type
RegCF
Valuation Cap
$3,500,000
Discount
20%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
04/29/2020
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$339
# of Investors
85
Momentum
Funded
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Year Founded
2018
Industry
Consumer Products, Goods & Services
Tech Sector
EdTech
Distribution Model
B2B/B2C
Margin
Low
Capital Intensity
Low
Pressure Games, with a valuation cap of $3.5 million, is raising funds on WeFunder. The company uses technology to create award-winning toys around playground games. The first patent-pending toy of Pressure Games combines hide-and-seek with technological innovation to create endless fun. Pressure Games was founded by Alex Andreae, Liz Hughes, and Nilesh Kulkarni and has raised around $60,000 since its inception. The proceeds of the current crowdfunding round, with a minimum target of $50,000 and a maximum target of $107,000, will be used for product research and development, marketing and promotions, and employee compensation and wages. Pressure Games is set to launch its first product in the second quarter of 2020 and is sending demo units to reviewers and parents for feedback.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$300 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$5,755 |
| ||
| ||
|
Net Income |
$-46,270 |
$-5,755 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$2,919 |
$776 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$4,161 |
$1,567 |
|
Short-Term Debt |
$1,842 |
$2,981 |
|
Long-Term Debt |
$54,921 |
$4,291 |
|
Total Liabilities |
$56,763 |
$7,272 |
Financials as of: 11/11/2019
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