T2M
Early Stage
T2M’s Rotor Riot controller is a mass-market mobile gaming accessory designed for gamers!
Overview
Raised: $15,060
Total Commitments ($USD)
Platform
Netcapital
Start Date
10/12/2020
Close Date
01/15/2021
Min. Goal
$10,000
Max. Goal
$1,070,000
Min. Investment
$5
Security Type
Equity - Common
Series
Seed
SEC Filing Type
RegCF
/ RegD 506(c)
Price Per Share
$5.00
Pre-Money Valuation
$45,000,000
Rolling Commitments ($USD)
Status
Funded
Reporting Date
01/30/2021
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$160
Momentum
Funded
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Year Founded
2018
Industry
Media, Entertainment & Publishing
Tech Sector
GamingTech
Distribution Model
B2B/B2C
Margin
Low
Capital Intensity
High
T2M, with a post-money valuation of $50 million, is raising crowdfunding on NetCapital. The company has created a go-to accessory for a superior mobile gaming experience for gamers. The product, the Rotor Riot controller, allows gamers to play without worrying about lagging or latency. The controller does not require any downloads, software, batteries, or charging. Fraser Townley founded T2M in 2018. The proceeds of the current crowdfunding campaign, with a minimum target of $10,000 and a maximum target of $1,070,000, will be used for new tooling, inventory, consultants, and operations. T2M is focused on seamless and reliable gameplay. The product is currently sold through brick and mortar stores and Amazon and is affordable and competitively priced.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$937,782 |
$143,860 |
|
COGS |
$852,275 |
$164,417 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-832,751 |
$-289,576 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$283,174 |
$117,328 |
|
Accounts Receivable |
$194,690 |
$118,780 |
|
Total Assets |
$1,502,778 |
$482,741 |
|
Short-Term Debt |
$24,235 |
$121,497 |
|
Long-Term Debt |
$1,100,150 |
$150,000 |
|
Total Liabilities |
$1,124,385 |
$271,497 |
Financials as of: 10/12/2020
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