Tempo

Gaming's interactive experience company

Analytics

Raised to Date: $496,264

Aggregate Commitments $
Platform

Republic

Start Date

03/02/2021

Close Date

08/31/2021

Min. Goal

$25,000

Max. Goal

$1,070,000

Min. Investment

$100

Security Type

SAFE

Funding Type

RegCF

Series

Series A

Valuation Cap

$30,000,000

Discount Rate

20%

Rolling Commitments $
Status

Active

Reporting Date

04/21/2021

Days Remaining

131

% of Min. Goal

1,985%

% of Max. Goal

46%

Likelihood of Max
extremely
Avg. Daily Raise

$9,925

# of Investors

1,321

Momentum
warm
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Location

LONG BEACH, California

Industry

Media, Entertainment & Publishing

Tech Sector

GamingTech

Distribution Model

B2B/B2C

Margin

High

Capital Intensity

Low

Business Type

Growth

Tempo, with a valuation cap of $30 million, is raising crowdfunding on Republic. It is an esports organization which not only participates in esports and gaming experiences but also creates them. The three backbones of Tempo include Tempo Games, Tempo Studios, and Tempo Community. Andrey Yanyuk founded Tempo in May 2014 and has raised over $5.8 million in previous rounds of financing. The proceeds of the current crowdfunding round, with a minimum target of $25,000 and a maximum target of $1,070,000, will be used for growth and expansion. Tempo is launching a premier liners channel for gaming in the second quarter of 2021. The company generated a revenue of $2.4 million in 2020 and expects to generate $4.5 million in 2021.
Summary Profit and Loss Statement
Most Recent Year Prior Year

Revenue

$2,194,514

$1,974,007

COGS

$848,637

$1,782,770

Tax

$0

$0

 

 

Net Income

$-2,316,250

$-2,021,480

Summary Balance Sheet
Most Recent Year Prior Year

Cash

$132,179

$909,509

Accounts Receivable

$0

$0

Total Assets

$1,685,252

$1,517,572

Short-Term Debt

$303,199

$171,324

Long-Term Debt

$2,351,564

$0

Total Liabilities

$2,654,763

$171,324

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