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Ritual Motion

Operating

E-Sports Ventures, Inc.

Software & AI · Providence, DE · Founded 2019

A new creator and community platform designed exclusively for gamers

Post-money valuation ⓘ
$20.9M
As of Feb 2022 · from Reg CF Offering (2021) · pre-money + amount raised, not a traded price
Total raised
$1,464,407
Crowd $712K · Private $752K · 5 rounds since 2020
Latest share price
$2.00
Reg CF · Common Stock · Oct 2021 offering price

Financials

FY2019–FY2021 · from SEC filings · hover any figure for its source
$19K
−$258K
2019
$112K
−$312K
2020
$39K
−$811K
2021
RevenueNet income — beside revenue when positive, below the line when a loss
Metric
FY2019 reviewed
FY2020 reviewed
FY2021
Income statement
Revenue
$18,979
$112,333
$38,985
Cost of goods sold
$15,700
$55,106
$37,835
Gross margin
17%
51%
3%
Net income
-$258,179
-$311,631
-$811,036
Taxes paid
$0
$400
$400
Balance sheet
Cash
$8,025
$83,216
$380,802
Accounts receivable
$1,796
$1,796
$1,796
Total assets
$11,821
$105,190
$428,423
Short-term debt
$0
$0
$0
Long-term debt
$0
$0
$0
Total liabilities
$0
$0
$0
Other
Headcount
—
10
10

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
$20.0M
pre-money
Reg CF · Common · Oct 2021

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

Share price over rounds

log scale
$2.00$0.0762$0.0029
2020Oct 2021
Round offering price or verified disclosed saleDisclosed sale, unverified or year-onlyDown round · Feb 2021 (-99.6%)

“Today's shares” restates every price in the share terms current now, so a price before a split or an LLC→corporation conversion is divided by that event's ratio (each event is cited on the round page). Disclosed sales come from the issuer's own filings (prior-offering lines, audited-statement notes) and are amount ÷ securities sold. A down round is a firm point more than 25 % below the previous firm point of the same share class on a comparable basis; the comparison ignores unverified and year-only lines.

Cap table

Share counts as of Dec 31, 2021
ClassOutstandingVotes / shareShare of totalLast price
Common Stock10,000,000—100.0%$2.00Oct 2021

Shares outstanding over timein today's share terms

10M5.0M0
Dec 2020Dec 2021
Common StockRound openedSplit / conversion

Sold to the crowd

From the company's SEC filings: share counts per class, each class's voting and conversion terms, and the holders of 20% or more that Form C requires (officers and 10%+ holders on Form 1-A). Filings name only large holders, so most owners — including crowd investors — are not listed, and a holder's percentage may be of its own class rather than of the whole company. Prices and crowd share counts are in today's share terms — adjusted for splits and conversions since they were sold. Hover a figure for its filing.

Fundraising history

Raised $712.4K / $1.1MInvestors 274Post-money $20.9M

Team

12 people
Bill CesareFounder
Co-Founder and Chairman

Serial entrepreneur, over 30 years of experience building consumer Brands, and eCommerce platforms including teespring.com - one of the fastest growing “creator” community platforms.

Dana DiPaoloFounder
Co-Founder & CEO

Over 20 years of experience in brand development, retail, digital develoment and consumer insights. Creative development experience includes ESPN XGames, and Alex and Ani among others. Favorite Game: Spyro

Dana Paul
CEO, Principal Executive Officer and Director, Principal Financial Officer and Principal Accounting Officer
Chris Daft
VP, Operations

Over 25 years experience in product development, retail operations, fulfilment and quality control. Chris was also an integral member of the teespring.com team. Favorite Game: Double Dragon

Crystal Mills
VP, Content

A decade of experience in gaming and esports journalism with various organizations including theScore, Esports Insider, Benzinga, and OpTic Gaming. In addition, Crystal is a Women in Games Ambassador and host of Power Level. Favorite Game: Call of Duty

Elizabeth Stone
Director of Innovation

Elizabeth is an entrepreneur, business manager and financial strategist. She is a practiced marketer and online analyst with a background in social sciences and psychology. She has experience in managing online operations, social media and PR for both start-ups and mature businesses. She has driven private companies to record profits and has experience executing business plans and raising financing from multiple sources.

Chris Smith
PR Advisor

A 12-year veteran in the games, esports & influencer industry, Chris is the founder of BIG Esports – A strategic, consultancy & marketing business. He is also a founding board member for the Esports Games Association Australia AKA INESPORTS Australia. Chris has experience working on high level global and local campaigns with global brands such as Fox Sports, Intel, NVIDIA, Corsair and many more.

Elena Endres
Community Marketing Manager

Before joining Ritual Motion to manage social media and social graphic design, Elena was writing for Dot Esports, managing Bloody Gaming’s social media. She’s a boss League of Legends player and runs her very own league. Favorite Game: League of Legends

James Caprarella
Customer Service Manager

James handles customer service across the Ritual Motion suite of products. He is a graduate of Nichols College where he majored in sports management. James has a passion for helping others which has tranlsated into being a coach in his spare time. Favorite Game: Madden

Show 3 more people
Liz Murphy
CMO & CPO

Over 22 years of experience in the digital and traditional media industry guiding marketing, sales operations, research and PR with positions at Bonnier Corp, Time Inc., Time Warner and The Tribune Company. Favorite Game: Super Smash Bros.

Monica Miller
Director, Ritual Motion GUILD

After leading the construction of two collegiate esports programs, Monica quickly realized the social and educational benefits of gaming. Now, she works to provide resources that inspire gamers to level up IRL. Favorite Game: World of Warcraft

Ben Feferman
Advisor

CEO and Co-founder of Amuka Esports, Canada's leader in gaming venues, online leagues, esports media and competitive teams. Managing partner, Amuka Capital. Favorite Game: Fortnite

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

Reg CF annual-report compliance

Not requiredFiled Form C-TR (terminated reporting)

Filed 1 of 5 annual reports (FY2021–FY2025)

274 investors
holder-count proxy

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

SEC filings

  • Form C-TRMay 22, 20230001665160-23-001286
    EDGAR
  • Form C-USep 30, 20220001665160-22-002546
    EDGAR
  • Form C-ARMay 2, 20220001665160-22-001489
    EDGAR
  • Form C-UFeb 9, 20220001665160-22-000249
    EDGAR
  • Form C/AJan 31, 20220001665160-22-000189
    EDGAR
  • Form COct 26, 20210001665160-21-001881
    EDGAR
  • Form DFeb 23, 20210001824981-21-000001
    EDGAR
  • Form DSep 18, 20200001824981-20-000001
    EDGAR
Source: ManualCIK 0001824981DEShare 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.