Monday, September 17, 2018

AUDL Raises Below 50% of Investment Goal

Over the past 4 months, the American Ultimate Disc League has been courting investors via a small online public offer (OPO) with a goal of raising more than $1 million. The OPO ended on September 15th and crowdfunded over a half-million dollars ($509,817) from 271 investors — an average of ~$1881.25 per investor.
[Screengrab from Seed Invest] $1.07 Million is the maximum for a small OPO.

In June 2018, the AUDL investment raised $100,000. By August 14, 2018, AUDL had raised nearly a third of their $1.07 million fundraising goal. At the deadline, AUDL added 271 investors and $509,817.00 (47.6% of their published goal).  AUDL gained a celebrity endorsement by none other than "No Refs In UltimateBill Nye. Expect another round of fundraising within the next 8 months.

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