Footcoin

Footcoin

Alternative investments in sports, portfolio tracking and secondary market trading

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Security Type
Crowd SAFE
Categories
Financial Services
Min Investment
$500
Location
Boca Raton, FL
Offering Date
February 08, 2021
Expected Close Date
January 10, 2022
Target Raise
$25.00K-$1.07M

Company Description

Footcoin’s digital platform gives access to alternative investments, portfolio tracking and secondary market trading. With our technology and experience, we help to identify beginning athletes with specific characteristics and help to negotiate these athletes with valuable teams. In addition, we have the sports control of a soccer team in Europe (Portugal), through which the players we assess have entered the professional market. We earn a fee when players are dealt. 

Key Deal Facts

It has 12 players with potential for appreciation playing in a team from Portugal;
Team of advisors and experts in discovering and training football talents;
It has sports control over a team from Portugal, which gives it easy access to the European market, the main in the world;
Relationship network in Brazil, which is a great provider of young soccer talents;

Use of Proceeds

  • Intermediary Fees
  • Campaign marketing expenses or related reimbursement
  • Estimated Attorney Fees
  • Estimated Accountant/Auditor Fees
  • General Marketing
  • Research and Development
  • Equipment Purchases
  • Accrued expenses of managers, officers, directors or employees
  • General Working Capital
  • Technology Development
  • Club Naval headquarters reform
  • Expenses with current players (Naval Basket)
Amount Raised : $0
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Valuation

Security Description

An equity crowdfunding specific version of a SAFE used by crowdfunding portal Republic. Upon conversion (if and when that happens), investors may receive special shares with limited rights that do not show up on a company’s cap table. The issuer may roll over and not convert shares at the next financing round causing investors to lose out on some upside.

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