Sentinels officially launched its crowdfunding campaign on Friday, Aug. 4. But even if the organization is able to hit its maximum offering amount, it would still need to raise additional capital to keep the lights on for more than a few months.<\/p>
As of 11:34am CT on Aug. 8, the campaign has raised $72,589.49 across 46 investors.<\/p>
The offering has a deadline of Nov. 2, 2023, to reach its maximum funding goal of $1.23 million, which equates to 392,063 shares. But even reaching that goal doesn’t ensure the long-term stability of Sentinels. In its offering letter<\/a> submitted to the U.S. Securities and Exchange Commission prior to the launch of the campaign, the company said it still needs to rely on additional investment, as well as both growth and consolidation of the esports market.<\/p>
Related: \u2018Esports winter\u2019 strikes again with mass exodus of organizations leaving Game Changers VALORANT<\/em><\/a><\/strong><\/p>
Related: Pro VALORANT<\/em> analysts have already picked out Sentinels\u2019 next offseason pickup<\/a><\/strong><\/p>
