# Heroes of Holdem

## About this raise

Heroes of Holdem, with a valuation of $18.9 million, is raising funds on ChainRaise. The company offers hybrid gaming with immersive gaming experiences combined with blockchain technology. Heroes of Holdem is a poker game with a difference and includes collectible NFT Minion NPCs, collectible NFT abilities, and collectible NFT equipment. The platform launched its beta season A in August 2023 and has 3,000 current users. Michael Haid founded Heroes of Holdem in April 2022. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $1 million. The campaign proceeds will be used for marketing, research and development, future wages, repayment of debt, hosting, and general working capital.

## Investment Overview

### Deal Terms

- **Platform:** ChainRaise  
- **Start Date:** 10/09/2023  
- **Close Date:** 02/16/2024  
- **Min. Goal:** $10,000  
- **Max Goal:** $1,000,000  
- **Min. Investment:** $1,000  
- **Security Type:** Equity - Common  
- **Price Per Share:** $40.00  
- **Pre-Money Valuation:** $18,956,000  
- **Company Stage:** Early Stage  
- **SEC Filing Type:** RegCF

### Company & Team

#### Company
- **Year Founded:** 2022  
- **Industry:** Media, Entertainment & Publishing  
- **Tech Sector:** GamingTech  
- **Distribution Model:** B2C  
- **Margin:** Medium  
- **Capital Intensity:** Low  
- **Location:** Haslett, Michigan  
- **Business Type:** Growth  
- **Company Website:** [Visit Website](http://www.heroesofholdem.com/)

#### Team
- **Employees:** 2  
- **Prior Founder Exits?:** No  
- **Founder Name:** Michael Haid  
- **Title:** CEO  
- **LinkedIn:** [View Michael Haid LinkedIn profile](https://www.linkedin.com/in/michael-haid-35969826b/)

### Financials

- **Revenue:** $0 as of FY22  
- **Cash on Hand:** $296 as of FY22

#### Summary Profit and Loss Statement

|  | FY 2022 | FY 2021 |
| --- | --- | --- |
| Revenue | $0 | $0 |
| COGS | $0 | $0 |
| Tax | $0 | $0 |
| Net Income | $0 | $0 |

#### Summary Balance Sheet

|  | FY 2022 | FY 2021 |
| --- | --- | --- |
| Cash | $296 | $296 |
| Accounts Receivable | $0 | $0 |
| Total Assets | $270,631 | $270,631 |
| Short-Term Debt | $0 | $0 |
| Long-Term Debt | $171,392 | $171,392 |
| Total Liabilities | $171,392 | $171,392 |

## Ratings

## Company Funding & Growth

### Funding history

- **Total Prior Capital Raised:** $0  
- **VC Backed?:** Yes

| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
| --- | --- | --- | --- | --- | --- | --- |
| 02/16/2024 | ChainRaise | $18,956,000 | - | Equity - Common | Not Funded | RegCF |