About this raise

AEXLAB, with a valuation of $108.29 million, is raising funds on StartEngine. It is a virtual reality company offering gamers an unparalleled technology experience. AEXLAB has developed interactive VR technology for high-quality, immersive, and social gaming experiences. The company has launched its first gaming franchise, VAIL VR, which won the VR Game of the Year Award in 2024 and has generated $5.5 million in revenue. The solutions offered by the company will be used not only in e-sports but also in haptics, firearm simulation, VR human interfaces, and audio spatialization. Jonathan Ovadia and Albert Ovadia founded AEXLAB in January 2021. The current crowdfunding campaign has a minimum target of $9,969.96 and a maximum target of $4.9 million. The campaign proceeds will be used for operations and marketing.

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Investment Overview

Committed this round: $7,068

Deal Terms

Total Commitments

Platform
StartEngine
Start Date
03/18/2025
Close Date
07/28/2025
Min. Goal
$9,970
Max Goal
$4,940,243
Min. Investment

$292

Security Type

Equity - Common

Company Stage

Growth Stage

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$36.52

Pre-Money Valuation

$108,288,483

Company & Team

Company

Year Founded
2021
Industry
Media, Entertainment & Publishing
Tech Sector
GamingTech
Distribution Model
B2B/B2C
Margin
Low
Capital Intensity
Low
Location
Miami, Florida
Business Type
Growth
Company Website
Visit Website

Team

Employees
10
Prior Founder Exits?
No
Founder Name
Jonathan Ovadia
Title
CEO
Founder Name
Albert Ovadia
Title
CTO

Financials

 Revenue +27% YoY
$234,201
as of FY2023
 Monthly Burn
$250,000
as of Jan '25
 Runway
6 months
as of Jan '25

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$234,201

$185,017

COGS

$4,700,247

$4,626,655

Tax

$0

$0

 

 

Net Income

$-3,675,269

$-3,331,229

Summary Balance Sheet

FY 2023 FY 2022

Cash

$1,708,830

$3,574,847

Accounts Receivable

$276,087

$42,699

Total Assets

$3,501,163

$3,962,176

Short-Term Debt

$686,778

$722,129

Long-Term Debt

$8,061,901

$4,250,813

Total Liabilities

$8,748,679

$4,972,942

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$8,734,683
Grants
$400,000
VC Backed?
Yes
Close Date Platform Valuation Total Raised Security Type Status Reg Type
07/28/2025 StartEngine $108,288,483 $7,068 Equity - Common Active RegCF
03/04/2025 DealMaker Securities $108,245,220 $57,665 Equity - Common Funded RegCF
11/30/2021 StartEngine $51,008,980 $1,399,466 Equity - Common Funded RegCF
07/07/2021 StartEngine $12,000,000 $1,069,891 Equity - Common Funded RegCF
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Growth Charts

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Valuation History

Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Employee History

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AEXLAB on StartEngine 2025
Platform: StartEngine
Security Type: Equity - Common
Valuation: $108,288,483
Price per Share: $36.52

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