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Backers Inc.

Operating

Backers, Inc.

Sports & Recreation · Sports · Founded 2018

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At Backers we create eSports tournaments with entry fees that are crowdfunded by the fans and teams. Fans gain a form of equity in the team during the competition and receive their share of the prize pool when their teams win. Imagine a League of Legends Series with a $10 million entry fee that is globally crowdfunded.

Post-money valuation ⓘ
$8.6M
As of Apr 2021 · from Reg CF Offering (2020) · pre-money + amount raised, not a traded price
Total raised
$31,506
Across 1 round since 2020
Latest share price
$2.00
Reg CF · Common Stock · Jun 2020 offering price

Financials

FY2018–FY2021 · from SEC filings · hover any figure for its source
$0
−$11K
2018
$0
−$7K
2019
$0
−$11K
2020
$0
−$13K
2021
RevenueNet income — beside revenue when positive, below the line when a loss
Metric
FY2018
FY2019 reviewed*
FY2020 unaudited
FY2021 unaudited
Income statement
Revenue
$0
$0
$0
$0
Cost of goods sold
$0
$0
$0
$80
Net income
-$10,795
-$6,662
-$10,795
-$12,898
Taxes paid
$0
$0
$0
$0
Balance sheet
Cash
$85
$0
$85
$457
Accounts receivable
$0
$0
$0
$0
Total assets
$85
$0
$85
$4,657
Short-term debt
$0
$0
$0
$15,350
Long-term debt
$0
$0
$0
$0
Total liabilities
$0
$0
$0
$15,350
Other
Headcount
—
0
—
0

Figures as reported by the issuer in the filing shown on hover. Each year’s pill shows the assurance level of its filed statements — audited, reviewed (CPA review, less than an audit), or unaudited, as the filing’s own report or certification states it. A dashed pill marked * is inferred instead: the SEC minimum for an offering that size, which the issuer may have exceeded. No pill means we couldn’t tell. Headcount is the filing’s point-in-time count, not a year-end average. Manually corrected figures are marked “Corrected”.

Valuation over rounds

Pre-money — the valuation set before each round’s money came in
$8.6M
pre-money
Reg CF · Common · Jun 2020

Blue bars are the pre-money valuation the company stated for a priced round.

Fundraising history

Reg CF · Common Stock · Jun 2020Closedvia Netcapital
Raised $31.5K / $1.1MPost-money $8.6M

Team

2 people
Brian Tinney
Principal Executive Officer
Matthew Smart
Principal Financial Officer

Names and titles as disclosed on SEC Form C. Bios and photos come from the platform campaign page and may be out of date.

Reg CF annual-report compliance

Possibly delinquent

Filed 1 of 6 annual reports (FY2020–FY2025)

Missing: 2020, 2022, 2023, 2024, 2025

Reg CF issuers must file a Form C-AR each year until a Rule 202(b) termination trigger is met.

SEC filings

View all 11 filings on EDGAR
  • Form C-ARApr 26, 20220001669191-22-000433
    EDGAR
  • Form C-UJun 2, 20210001669191-21-000587
    EDGAR
  • Form C/AApr 26, 20210001669191-21-000424
    EDGAR
  • Form C/AMar 29, 20210001669191-21-000319
    EDGAR
  • Form C/AJan 13, 20210001669191-21-000021
    EDGAR
  • Form C/ADec 28, 20200001669191-20-000874
    EDGAR
  • Form C/ADec 3, 20200001669191-20-000765
    EDGAR
  • Form C/ASep 28, 20200001669191-20-000540
    EDGAR
Source: ManualCIK 0001809477Share price $2.00

About this data. Figures are compiled from public sources — SEC EDGAR filings (Form C, C-AR, 1-A, 1-K) and funding-platform pages — and may be delayed, incomplete, or restated by the issuer. Financial statements are as reported by the issuer; each year is labeled with its assurance level (audited / reviewed / unaudited). A valuation cap is the conversion ceiling of a SAFE or convertible note, not an agreed company valuation; post-money figures are computed as pre-money plus amount raised and are not a traded price. Crowdonomics is not a broker-dealer, funding portal, or investment adviser; nothing here is investment advice or an offer to sell securities. Verify all figures against the linked EDGAR filings.