T2M

Neutral
BETA

T2M’s Rotor Riot controller is a mass-market mobile gaming accessory designed for gamers!

Analytics

Raised to Date: $15,060

Aggregate Commitments $
Platform

Netcapital

Start Date

10/13/2020

Close Date

01/15/2021

Min. Goal

$10,000

Max. Goal

$1,070,000

Min. Investment

$5

Security Type

Equity - Common

Funding Type

RegCF / RegD 506(C)

Series

Seed

Pre-Money Valuation

$45,000,000

Weekly Commitments $
Status
Funded
Reporting Date

01/24/2021

Days Remaining
Funded
% of Min. Goal

151%

% of Max. Goal

1%

Likelihood of Max
Funded
Avg. Daily Raise

$160

Momentum
Funded
Location

Golden Valley, Minnesota

Industry

Media, Entertainment & Publishing

Tech Sector

GamingTech

Distribution Model

B2B/B2C

Margin

Low

Capital Intensity

High

Business Type

Growth

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

$0

Total Liabilities

$1,124,385

$271,497

Ratings

last updated 01/05/2021

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