Intellivision halts StartEngine investment

Originally published on by Brendan Sinclair

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Intellivision’s StartEngine investment campaign has ended two months earlier than planned, and with only a fraction of the $5 million maximum possible investment raised.

The Amico maker launched the campaign on February 7, with an April 30 deadline.

The campaign brought in $58,000 before the plug was pulled, or less than 12% of the possible $5 million maximum for the campaign.

The company’s original SEC filing for the StartEngine campaign estimated that given its current fundraising strategies, the company could last until July 2022 without generating revenue (presumably from launching the Intellivision console). And if it was only able to raise

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