About this raise

Immersed, with a valuation of $200 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 programs even while working remotely. The company is building an AI-trained Curator and a work-focused Visor and has been featured in Forbes, Fortune, Yahoo Finance, Bloomberg TV, and The New Yorker. Renji Bijoy founded Immersed in January 2017. The current crowdfunding campaign has a minimum target of $100,000 and a maximum target of $5 million. The campaign proceeds will be used for hiring and operations.

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Investment Overview

Committed this round: $542,150

Deal Terms

Total Commitments ($USD)

Platform
Wefunder
Start Date
01/22/2025
Close Date
04/30/2025
Min. Goal
$100,000
Max Goal
$5,000,000
Min. Investment

$100

Security Type

Convertible Note

Series

Series A

SEC Filing Type

RegCF    Open SEC Filing

Early Bird Val. Cap

$150,000,000

Valuation Cap

$200,000,000

Discount

0%

Company & Team

Company

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
Company Website
Visit Website

Team

Employees
26
Prior Founder Exits?
No
Founder Name
Renji Bijoy
Title
CEO and CTO

Financials

as of January 1, 2025
 Revenue -31.8% YoY
$220,413
 Monthly Burn
$504,497
 Runway
3.2 months
Gross Margin
67%

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$220,413

$323,077

COGS

$72,068

$48,347

Tax

$72,068

$0

 

 

Net Income

$-5,307,684

$-5,953,404

Summary Balance Sheet

FY 2023 FY 2022

Cash

$1,589,997

$2,491,953

Accounts Receivable

$625,463

$13,569

Total Assets

$3,208,152

$3,801,739

Short-Term Debt

$2,678,785

$1,268,593

Long-Term Debt

$450,000

$337,380

Total Liabilities

$3,128,785

$1,605,973

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$19,196,613
VC Backed?
Yes
Close Date Platform Valuation Total Raised Security Type Status Reg Type
04/30/2025 Wefunder $200,000,000 $542,150 Convertible Note Active RegCF
08/31/2023 Wefunder $147,000,020 $3,313,387 Equity - Common Funded RegCF
04/04/2021 Wefunder $60,000,000 $6,270,387 Equity - Preferred Funded RegCF / RegD 506(c)
08/07/2020 Wefunder $10,000,000 $1,070,000 SAFE 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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Immersed on Wefunder 2025
Platform: Wefunder
Security Type: Convertible Note
Valuation: $200,000,000

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