Immersed

Immersed

Growth Stage

AR/VR startup to go Public!

AR/VR startup to go Public!

Overview

Raised to Date: Raised: $3,313,387

Total Commitments ($USD)

Platform

Wefunder

Start Date

08/10/2023

Close Date

08/31/2023

Min. Goal
$100,003
Max. Goal
$3,000,000
Min. Investment

$100

Security Type

Equity - Common

Series

Series B

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$5.00

Pre-Money Valuation

$147,000,020

Rolling Commitments ($USD)

Status
Funded
Reporting Date

09/03/2023

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$157,780

# of Investors

1,919

Momentum
Funded
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Year Founded

2017

Industry

Business Services, Software, & Applications

Tech Sector

EnterpriseTech

Distribution Model

B2B/B2C

Margin

High

Capital Intensity

Low

Location

Austin, Texas

Business Type

High Growth

Immersed, with a valuation of $148 million, is raising funds on Wefunder. The company has developed spatial computing software that uses AR/VR to virtualize the workforce. Immersed’s technology allows users to work together, whiteboard, and pair program even while working remotely. The company is building an AI-trained Curator and a work-focused Visor and is soon expected to get listed on The NASDAQ. Renji Bijoy founded Immersed in 2017. The current crowdfunding campaign has a minimum target of $100,003 and a maximum target of $2 million. The campaign proceeds will be used for hiring and operations.

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$323,077

$202,119

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-5,953,404

$-3,945,029

Summary Balance Sheet

FY 2022 FY 2021

Cash

$2,491,953

$6,864,753

Accounts Receivable

$13,569

$461

Total Assets

$3,801,739

$7,009,786

Short-Term Debt

$1,268,592

$113,592

Long-Term Debt

$337,381

$0

Total Liabilities

$1,605,973

$113,592

Financials as of: 08/10/2023
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Immersed 08/31/2023 Wefunder $147,000,020 $3,313,387 Equity - Common Funded RegCF
Immersed 04/04/2021 Wefunder $60,000,000 $6,270,387 Equity - Preferred Funded RegCF / RegD 506(c)
Immersed 08/07/2020 Wefunder $10,000,000 $1,070,000 SAFE Funded RegCF
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Immersed on Wefunder 2023
Platform: Wefunder
Security Type: Equity - Common
Valuation: $147,000,020
Price per Share: $5.00

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