GET A PIECE OF MATCHERINO
Monetizing Video Game Tournaments Worldwide
As one of the industry's leading tournament management platforms, we empower tournament organizers and game publishers to easily monetize and grow their communities. Our proprietary, easy-to-use tools optimize tournament revenues for organizers. We generate revenues through licensing fees, transaction processing, and ad revenues. With partnerships across top publishers and 2,000+ tournament creators, we believe we provide the essential infrastructure gaming tournaments need to thrive.
$103,273.06 Raised
REASONS TO INVEST
Our highly proprietary SaaS platform manages all aspects of video game tournaments, including fan engagement, brackets, prize pools, and revenue optimization. We have seen that the platform increases efficiencies and can double prize pools on average.
Matcherino powers roughly 1,000+ gaming tournaments per month for 2,000+ organizers, publishers, and clients like ESL, Supercell and Wizards of the Coast. Our advanced tournament management platform has high barriers to entry.
With the video game industry projected to generate $385B in revenues by 2023*, we believe Matcherino is well-positioned to capitalize on the massive global growth of online and mobile video game tournaments.
the pitch
Empowering Gaming Communities
We believe our tournament management platform produces higher fan engagement, broader player retention, and increased in-game transactions, and by using our tournament production tools, we both lower the cost of operating the tournament while increasing revenues. This also helps their communities produce more quality content.
Working closely with game publishers and advertising brands allows us to deliver direct support and monetization opportunities for these tournament organizers, enabling end-to-end ecosystems spanning thousands of different game titles.
Matcherino's online platform handles the full range of operating requirements associated with tournament management and financial gateways with proprietary integrations. From player registration to bracketing, prize pool crowdfunding, and distributions, to advanced ad tech, our fully interoperable modules allow us to expand revenue opportunities within every phase of tournament management.
THE opportunity
A Scalable Solution for an Emerging Industry
Based on our research, we operate with little competition and high barriers to entry, allowing us to scale efficiently. We have strong traction across key segments of the gaming industry servicing tens of thousands of tournaments for partners like ESL Gaming – the largest tournament organizer in the industry, distributing millions of dollars in prize pool winnings on behalf of the Fighting game community (FGC), and running programs with elite game publishers like Supercell and Wizards of the Coast to support creators directly.
Matcherino benefits from multiple revenue streams that largely fall into three main groups:
- SaaS platform subscription license fees for private label use of our platform by game publishers wherein we more directly foster their games' ecosystems through in-game integrations, enhanced prize distribution, and business intelligence tools. Publishers pay a monthly fee and additional fees based on the metrics of their use.
- Transaction fees associated with transactions, prize pool payouts, and e-commerce including DNC (downloadable digital content).
- Revenue share from advertising through our advanced ad tech platform with sponsors largely sourced from our networks. Revenue is proportional to both direct engagement (e.g., links visited, apps installed) as well as on-stream viewership measured directly via external platform integrations.
THE market & our traction
Backed by Impressive Growth and Strong Partnerships
Revenue in the gaming industry worldwide is projected to reach $384.90 billion in 2023 and $521.60 billion by 2027 (source). Over 10,000 new games are being released online every year since 2021, hundreds of which are AAA distributions (source). 9 out of the 12 most played games on Steam in 2022 (each over 240,000 peak players) have hosted Matcherino tournaments (source).
We have strong traction serving massive tournaments for top partners like ESL and influencers like Ninja. Our average monthly revenue from January 2023 thru July 2023 was $89,361. During that same time period our average monthly cost of goods sold was $29,706 and our average total monthly operating expenses were $92,269. With new game publisher deals in the pipeline, Matcherino expects to expand significantly in this high-growth, large market.
Matcherino has penetrated the worldwide market, having operated tournaments across 300 different game titles for players in over 200 countries/regions. Our platform distributes instant prize payouts to more than 200 countries/regions in 25 different currencies, performs domestic and international tax compliance, and has internationalized all user interfaces.
With each AAA game release, we obtain a new opportunity to establish business with world-class game publishers, and with a constant influx of new games that come on the market, we are acquiring hundreds of thousands of new users every year.
We believe that being able to expand our marketing and sales initiatives without impinging on other facets of our business will aid in accelerating our growth rate in this already accelerating market.
why invest
A Force for Good in Gaming Communities
*These testimonials may not be representative of the experience of other customers and is not a guarantee of future performance or success.
Our team is immensely proud of the positive responses we've received from the many communities and clients that have used and continue to use our platform!
With an accomplished management team, proprietary software, and a leading industry position, we believe Matcherino represents a compelling investment opportunity to own part of a tech venture whose success has enormous possibilities within its large and growing industry.
ABOUT
HEADQUARTERS
12224 NE Bel Red Rd Unit 699
Bellevue, WA 98009-2213
WEBSITE
View Site
As one of the industry's leading tournament management platforms, we empower tournament organizers and game publishers to easily monetize and grow their communities. Our proprietary, easy-to-use tools optimize tournament revenues for organizers. We generate revenues through licensing fees, transaction processing, and ad revenues. With partnerships across top publishers and 2,000+ tournament creators, we believe we provide the essential infrastructure gaming tournaments need to thrive.
TEAM
Grant Farwell
Chairman & CEO
Notably, he co-founded Barc, Inc., a chat platform that integrated crypto functionality, demonstrating his innovative approach to technology. A self-taught coding hobbyist and former top 10 Starcraft 2 player in 2v2, Farwell’s unique blend of tech and gaming knowledge aids in his strategic leadership.
Upholding transparency and compliance in business, he is focused on contributing to the future of monetary systems through his work.
Mark Wasowicz
Chief Financial Officer (Part Time)
He served as CFO for Protingent, CFO of VCFO, CFO of Blue Rooster, Inc., CFO of Allys, Inc., CFOof Dimension4 and Senior Finance Manager with Amazon. Mr. Wasowicz received an MBA from the University of Washington’s Michael G. Foster School of Business and a B.A. in Accounting from Washington State University.
Mark works 10 hours per week for Matcherino.
Hunter Hammond
Chief Technology Officer
Before joining Matcherino, Hammond pursued graduate studies in computer science at the University of Washington and holds a Bachelors of Science degree in computer science from Seattle University.
While at Matcherino, he has successfully pioneered and developed a wide array of successful products in the areas of ad tech, event operations, and prize payments on the order of tens of millions of dollars.
Louis Fasulo
Board Member
Perry Michael Fischer
Board Member
Brian Courtade
Head of Product
Brian also manages Matcherino's EFG relationship, platform support, and publisher programs.
Before Matcherino, Brian was most notably a professional Hearthstone player. He has 12+ years of experience in gaming as a player and running events as an event organizer.
Originally using Matcherino to power an event as an organizer, he later joined the company to further develop the platform-tools to help other organizers.
Since starting at Matcherino, he has helped design and launched multiple products such as SponsorQuests, Publisher Whitelabels, and Event Payment Portals.
TERMS
Matcherino
Overview
PRICE PER SHARE
$2.30
DEADLINE
Dec. 26, 2023 at 7:59 AM UTC
VALUATION
$6.24M
FUNDING GOAL
$15k - $618k
Breakdown
MIN INVESTMENT
$299
MAX INVESTMENT
$617,998.50
MIN NUMBER OF SHARES OFFERED
6,521
MAX NUMBER OF SHARES OFFERED
268,695
OFFERING TYPE
Equity
ASSET TYPE
Preferred Stock
SHARES OFFERED
Series A-3 Preferred Stock
Maximum Number of Shares Offered subject to adjustment for bonus shares
*Maximum number of shares offered subject to adjustment for bonus shares. See Bonus info below.
Investment Incentives & Bonuses*
Time-Based
Early Bird - Invest within the first 30 days and receive 5% bonus shares.
Amount-Based
Bronze - Invest $2,000+ and receive 5% bonus shares.
Silver - Invest $10,000+ and receive 10% bonus shares.
Gold - Invest $20,000+ and receive 15% bonus shares.
Diamond - Invest $50,000+ and receive 20% bonus shares.
*In order to receive perks from an investment, one must submit a single investment in the same offering that meets the minimum perk requirement. Bonus shares from perks will not be granted if an investor submits multiple investments that, when combined, meet the perk requirement. All perks occur when the offering is completed.
Crowdfunding investments made through a self-directed IRA cannot receive non-bonus share perks due to tax laws. The Internal Revenue Service (IRS) prohibits self-dealing transactions in which the investor receives an immediate, personal financial gain on investments owned by their retirement account. As a result, an investor must refuse those non-bonus share perks because they would be receiving a benefit from their IRA account.
The 10% StartEngine Owners' Bonus
Matcherino, Inc. will offer 10% additional bonus shares for all investments that are committed by investors that are eligible for the StartEngine Crowdfunding Inc. OWNer's bonus.
This means eligible StartEngine shareholders will receive a 10% bonus for any shares they purchase in this offering. For example, if you buy 100 shares of Series A-3 Preferred Stock at $2.30 / share, you will receive 110 shares of Series A-3 Preferred Stock, meaning you'll own 110 shares for $230. Fractional shares will not be distributed and share bonuses will be determined by rounding down to the nearest whole share.
This 10% Bonus is only valid during the investors eligibility period. Investors eligible for this bonus will also have priority if they are on a waitlist to invest and the company surpasses its maximum funding goal. They will have the first opportunity to invest should room in the offering become available if prior investments are canceled or fail.
Investors will receive the highest single bonus they are eligible for among the bonuses based on the amount invested and time of offering elapsed (if any). Eligible investors will also receive the Owner’s Bonus in addition to the aforementioned bonus.
Irregular Use of Proceeds
The Company might incur Irregular Use of Proceeds that may include but are not limited to the following over $10,000: Vendor payments. Salary payments made to one’s self, a friend or relative. Any expense labeled “Travel and Entertainment”. Inter company debt or back payments.
ALL UPDATES
REWARDS
10%
Stack Owner's Bonus & Rewards!
Members get an extra 10% shares in addition to rewards below!
Owner’s Bonus
Owner’s Bonus Members earn 10% bonus shares on top of this and all eligible investments for an entire year. Not a member? Sign up at checkout ($275/year).
$2,000
Bronze
Invest $2,000+ and receive 5% bonus shares.
$10,000
Silver
Invest $10,000+ and receive 10% bonus shares.
$20,000
Gold
Invest $20,000+ and receive 15% bonus shares.
$50,000
Diamond
Invest $50,000+ and receive 20% bonus shares.
JOIN THE DISCUSSION
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ASHVINKUMAR PATEL
2 months ago
Why is the valuation going down as compared when you raised funding at SeedInvest?
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W Kim Colich
2 months ago
Hi Grant, There appears to be some confusion... You said, "Based on StartEngine's recommendation, we decided to offer a loyalty bonus as part of this mini-round raise structured to close quickly. The bonus terms were set with the expectation that a certain number of investors would qualify." However, here is what the SE folks just wrote me in response to my asking where the "Loyalty Bonus" terms were: "Hey Kim, Thanks for bringing this to our attention. I spoke with our onboarding team, they said this is something our team had recommended to them, however, Matcherino did not proceed with the loyalty bonus in their terms. Perhaps they are referencing the Own Bonus shares? If there was a loyalty bonus offered, it would need to be listed in the terms on the offering page. Let me know if you have any other questions. Best, Investor Experience Specialist" Al that to say, this is confusing. Did you intend to offer a "Loyalty Bonus" and SE misunderstood you, or did you not intend to offer a "Loyalty Bonus"? Thanks for sorting this out with the SE folks and letting us know what's going on. Blessings
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W Kim Colich
2 months ago
Hi, I invested on SeedInvest and have two 'issues' to discuss: 1) I'm surprised there is NOT a "Loyalty Bonus" offered for those of us who invested earlier on. Was this even discussed as an option prior to launching this current campaign? Please advise. 2) I would highly encourage you to consider lowering the bar for your "Minimum Investment" requirement, as this will prohibit MANY small investors from being able to join you in this raise. Your current minimum may be a full 20% of what they can invest per year in CF raises. For many small investors, that is just too many eggs to pile into only one basket. Please reconsider making your minimum more inclusive. Thanks for listening. Blessings
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HOW INVESTING WORKS
Cancel anytime before 48 hours before a rolling close or the offering end date.
WHY STARTENGINE?
REWARDS
We want you to succeed and get the most out of your money by offering rewards and memberships!
SECURE
Your info is your info. We take pride in keeping it that way!
DIVERSE INVESTMENTS
Invest in over 200 start-ups and collectibles!
FAQS
Crowdfunding
With Regulation A+, a non-accredited investor can only invest a maximum of 10% of their annual income or 10% of their net worth per year, whichever is greater. There are no restrictions for accredited investors.
With Regulation Crowdfunding, non-accredited investors with an annual income or net worth less than $124,000, are limited to invest a maximum of 5% of the greater of those two amounts. For those with an annual income and net worth greater than $124,000, he/she is limited to investing 10% of the greater of the two amounts.
At the close of an offering, all investors whose funds have “cleared” by this time will be included in the disbursement. At this time, each investor will receive an email from StartEngine with their Countersigned Subscription Agreement, which will serve as their proof of purchase moving forward.
Please keep in mind that a company can conduct a series of “closes” or withdrawals of funds throughout the duration of the campaign. If you are included in that withdrawal period, you will be emailed your countersigned subscription agreement and proof of purchase immediately following that withdrawal.
StartEngine assists companies in raising capital, and once the offering is closed, we are no longer involved with whether the company chooses to list shares on a secondary market, or what occurs thereafter. Therefore, StartEngine has no control or insight into your investment after the close of the live offering. In addition, we are not permitted to provide financial advice. You may want to contact a financial professional to discuss possible investment outcomes.
For Regulation Crowdfunding, investors are able to cancel their investment at any point throughout the campaign up until 48 hours before the closing of the offering. Note: If the company does a rolling close, they will post an update to their current investors, giving them the opportunity to cancel during this timeframe. If you do not cancel within this 5-day timeframe, your funds will be invested in the company, and you will no longer be able to cancel the investment. If your funds show as ‘Invested’ on your account dashboard, your investment can no longer be canceled.
For Regulation A+, StartEngine allows for a four-hour cancelation period. Once the four-hour window has passed, it is up to each company to set their own cancelation policy. You may find the company’s cancelation policy in the company’s offering circular.
Once your investment is canceled, there is a 10-day clearing period (from the date your investment was submitted). After your funds have cleared the bank, you will receive your refund within 10 business days.
Refunds that are made through ACH payments can take up to 10 business days to clear. Unfortunately, we are at the mercy of the bank, but we will do everything we can to get you your refund as soon as possible. However, every investment needs to go through the clearing process in order to get sent back to the account associated with the investment.
Both Title III (Regulation Crowdfunding) and Title IV (Reg A+) help entrepreneurs crowdfund capital investments from unaccredited and accredited investors. The differences between these regulations are related to the investor limitations, the differing amounts of money companies are permitted to raise, and differing disclosure and filing requirements. To learn more about Regulation Crowdfunding, click here, and for Regulation A+, click here.
Theodore Lyons
a month ago
Hi there, a) What is your most recent monthly burn rate? b) What is your most recent monthly cash on hand? c) Are you raising a parallel angel or VC round simultaneously? If yes, who is investing in this round?
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