HOLOFIT by Holodia
Early Stage
VR Fitness App for Oculus/Pico Devices
Overview
Raised: $409,681
Total Commitments ($USD)
Platform
Wefunder
Start Date
08/31/2022
Close Date
04/30/2023
Min. Goal
$50,000
Max. Goal
$500,000
Min. Investment
$100
Security Type
SAFE
Series
Seed
SEC Filing Type
RegCF
Valuation Cap
$15,000,000
Discount
10%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
04/30/2023
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$1,700
# of Investors
344
Momentum
Funded
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Year Founded
2017
Industry
Fitness & Wellness
Tech Sector
HealthTech
Distribution Model
B2C
Margin
Low
Capital Intensity
Low
HOLOFIT by Holodia, with a valuation of $15 million, is raising funds on Wefunder. The company has developed a VR-based fitness app for Oculus and Pico devices. The VR fitness app, HOLOFIT, is multi-device and cross-platform and uses real-time graphics content to enable users to travel through original worlds as they work out. HOLOFIT by Holodia has over 65,000 monthly active users and more than 350,000 downloads. Shahin Lauritzen founded HOLOFIT by Holodia in February 2017. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $500,000. The campaign proceeds will be used for hiring new QA staff, expansion of the Art team, and marketing.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$600,148 |
$236,525 |
|
COGS |
$371,864 |
$121,187 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-458,914 |
$-590,444 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$457,571 |
$76,390 |
|
Accounts Receivable |
$16,029 |
$17,466 |
|
Total Assets |
$952,850 |
$578,709 |
|
Short-Term Debt |
$108,822 |
$30,974 |
|
Long-Term Debt |
$381,465 |
$1,093,774 |
|
Total Liabilities |
$490,287 |
$1,124,748 |
Financials as of: 08/31/2022
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