Intellivision has raised at least $39 million for the Amico

Intellivision has raised at least $39 million for the production, manufacturing, and shipment of its new Amico games console.

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Intellivision has raised at least $43 million for the production of its new Amico console, our findings indicate.

Intellivision has raised at least $39 million for the Amico 77

Yesterday, Intellivision opened a new funding round on Start Engine, an investment startup site. Intellivision is currently selling up to $5 million in SAFEs (simple agreement for future equity) directly to consumers for $0.72 per share with a $500 minimum investment. Investors aren't actually buying a product--they're buying actual stake in the company itself. The company plans to sell 13,888 securities and has raised $30,512 at the time of writing.

The Start Engine campaign's Form C filing also confirms Intellivision's financials. The company currently has $8.52 million in net assets, $7.19 million in long-term debt, $1.5 million in short-term debt, and has reported a loss of $3.2 million.

This is actually the third investment campaign Intellivision has launched.

Others include a campaign on Fig that raised $7.1 million. The Fig page mentions that 13,046 pre-orders have been claimed, but that's only about $3.2 million assuming a $249 USD retail cost. The remaining $3.9 million was equity investments into the Amico itself--Fig offers consumers direct stake purchase opportunities.

Intellivision has also raised $11.5 million from Republic another equity investment site. This campaign was concluded in April 2021 with a $1,000 minimum investment for FGS Amico shares, or preferred shares issued by Fig Publishing.

Here's an excerpt from the SEC filing related to the Fig shares:

  • Fig Gaming Shares - Amico: We are offering a maximum of 13,763 Fig Gaming Shares - Amico ("FGS - Amico") at $1,000 per share. We have already offered shares of FGS - Amico in a separate, completed offering under Regulation D, Rule 506(c), in which we sold 1,237 such shares for $1,000 per share. FGS - Amico are designed to pay dividends based on the economic performance of the Amico Game Console, developed by Intellivision. For more information on FGS - Amico, please read Schedule Amico, as well as the main part of this offering circular.
  • Fig Gaming Shares - Marauder: We are offering a maximum of 1,000 Fig Gaming Shares - Marauder ("FGS - Marauder") at $500 per share. FGS - Marauder are designed to pay dividends based on the economic performance of the Marauder video game, developed by Small Impact Games. For more information on FGS - Marauder, please read Schedule Marauder, as well as the main part of this offering circular.

Intellivision also says it has received over $25 million from pre-order sales. A quick bit of math shows Intellivision has raised roughly $39.7 million in total funding for the Amico's production and shipment.

For reference, that's over 10x the Atari VCS' $3 million Indiegogo campaign.

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Derek joined the TweakTown team in 2015 and has since reviewed and played 1000s of hours of new games. Derek is absorbed with the intersection of technology and gaming, and is always looking forward to new advancements. With over six years in games journalism under his belt, Derek aims to further engage the gaming sector while taking a peek under the tech that powers it. He hopes to one day explore the stars in No Man's Sky with the magic of VR.

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