Xcite Interactive

Xcite Interactive

In-stadium fan interaction apps for sports teams and sponsors

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Security Type
Equity
Categories
Other
Min Investment
$5
Offering Date
December 24, 2019
Expected Close Date
March 23, 2020
Target Raise
$400.00K-$1.07M
Deal Notes

Security Offered: Common Stock

$5.03 per share

$25K+ pro rata right threshold

Valuation
$18,000,000

Company Description

We provide in-stadium interactive digital content for fans around the world. Our products enhance the in-game fan experience and increase revenue opportunities for our clients. By using our products, teams are able to have fans interact in real-time with advertising from their sponsors. We license our 42+ customizable interactive games and our other proprietary products to professional sports teams, concerts, and other events.

Key Deal Facts

140+ clients (gained in 3 years), including the most successful sports franchises in the world spanning NFL, NBA, MLB, NHL, MLS, and more.
200,000,000+ fans have engaged with our products. Our products are run in over 2,500 professional sporting events per year.
Already profitable, recurring revenue model, minimal marginal cost, strong team on board, over 70% CAGR per year for past 4 years.

Use of Proceeds

If $400,001 is raised:

50% -- Working Capital (payroll, administration costs, legal fees, office space, etc.) 25% -- Sales and Marketing (hire additional sales reps, conference fees) 10% -- Product Development (building new games) 7.5% -- International expansion 7.5% Wefunder intermediary fee

If $1,069,997 is raised:

50% -- Working Capital (payroll, administration costs, legal fees, office space, etc.) 25% -- Sales and Marketing (hire 3 additional sales reps, conference fees) 10% -- Product Development (building new games) 7.5% -- International expansion 7.5% Wefunder intermediary fee

Management Team / Advisory Board Bios

Sean Hopkins
Founder / Chief Technology Officer / Director
Delivered the first interactive game played at a professional sporting event. Co-founded Xcite Interactive - the industry leader in interactive fan engagement products.

Bud Noffsinger
Chief Executive Officer / Director
On the Executive Team of 3 separate start-up companies that have had successful IPO's & former SOX Financial Expert and Audit Committee Chairman of a $2B NYSE traded company.

Matt Coy
President
Being a part of productions for Olympics, Super Bowls, World Cups, and many other large scale events around the world.

Deal Notes

Security Offered: Common Stock

$5.03 per share

$25K+ pro rata right threshold

Amount Raised : $30,844
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Security Description

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