Gameapart

Party Games And Teambuilding For Any Virtual Hangout Platform

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Security Type
Debt
Categories
Entertainment, Technology, Financial Services
Min Investment
$100
Location
Huntington Beach, CA
Offering Date
November 06, 2021
Expected Close Date
April 30, 2022
Target Raise
$50.00K-$250.00K
No. Investors
78
Security Price
$1
Website
gameapart.com
Number of Employees
4
Cash
$299,661
Revenue
$41
Short Term Debt
$930
Cost of Goods
$0
Long Term Debt
$0
Net Income
$-57,270

Company Description

GameApart is a 2-sided marketplace that connects board/party game makers to remote workers & digital natives.To play, a host goes to our site, starts a game, and shares their screen over Zoom, Teams, Meet, or any other video conferencing platform. Everyone then joins and uses their phone as their hand of cards, drawing pad, controller, trivia card, etc. The games they can choose from come from our game maker partners; we already offer 8 games with 2 more currently in development and 10 more in the pipeline.

Key Deal Facts

Raised $500k to date
10k early adopters and some of the world's biggest companies signed up; CAC of $1.45/new user
5 game makers (partners) onboard; had to stop signing more until funds are raised
Founder has a prior successful exit (M&A Advisor's "Deal of the Year" for 2018)
Former VP of Revenue @ Zynga advising on monetization/growth
Participating in accelerator program (Newchip)
300M people meeting on Zoom daily, Google Meet has around 100M

Management Team / Advisory Board Bios

James Simmons
Founder and CEO
James has a prior successful exit as CEO of Everyone Counts, a blockchain elections company working to change the world on one end with multiple countries, US states, and UN agencies on one hand and making money servicing the private sector with client including the Oscars, the Emmys, and three of the Big Four accounting firms. Before selling Everyone Counts in a deal M&A Advisor named Corporate/Strategic Deal of the Year for 2018, James spent 10 years in startups running progressively larger technology and product shops, including Head of Engineering at LegalZoom.
Amount Raised : $128,860
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Security Description

Debt is something, usually money, borrowed by one party from another. Debt is used by many corporations and individuals to make large purchases that they could not afford under normal circumstances. A debt arrangement gives the borrowing party permission to borrow money under the condition that it is to be paid back at a later date, usually with interest.

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