Immersed

Immersed

Early Stage

VR Offices (Partnered with Facebook). Work from anywhere with anyone.

VR Offices (Partnered with Facebook). Work from anywhere with anyone.

Overview

Raised to Date: Raised: $1,070,000

Total Commitments ($USD)

Platform

Wefunder

Start Date

07/15/2020

Close Date

08/07/2020

Min. Goal
$250,000
Max. Goal
$3,930,000
Min. Investment

$100

Security Type

SAFE

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$10,000,000

Discount

0%

Rolling Commitments ($USD)

Status
Funded
Reporting Date

08/08/2020

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

$48,636

# of Investors

1,521

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 $10 million valuation cap, is raising crowdfunding on Wefunder. The technology of Immersed allows users to work together, even while working remotely. It allows users to work together, whiteboard, and pair-program, just like working together in-person. Immersed was founded by Renji Bijoy in 2017 and has raised over $2 million since its founding. The proceeds of the current crowdfunding round, with a minimum target of $250,000 and a maximum target of $1,070,000, will be used for tech infrastructure costs, equipment, hiring, travel and conferences, and legal and operating costs. Immersed has partnered with Facebook to launch to millions of Oculus users in the next few weeks. The technology is highly advanced and allows co-workers to teleport to each other’s virtual offices to collaborate.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$6,015

$0

COGS

$0

$3,378

Tax

$0

$0

 

 

Net Income

$-467,204

$-318,875

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$2,683

$383,072

Accounts Receivable

$66

$305

Total Assets

$15,315

$395,440

Short-Term Debt

$60,982

$11,654

Long-Term Debt

$825,501

$787,751

Total Liabilities

$886,484

$799,405

Financials as of: 07/15/2020
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Immersed 08/30/2023 Wefunder $147,000,020 $3,313,387 Equity - Common Funded RegCF
Immersed 04/03/2021 Wefunder $60,000,000 $6,270,387 Equity - Preferred Funded RegCF / RegD 506(c)
Immersed 08/06/2020 Wefunder $10,000,000 $1,070,000 SAFE Funded RegCF
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Price per Share History

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

Valuation History

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.

Employee History

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Immersed on Wefunder
Platform: Wefunder
Security Type: SAFE
Valuation: $10,000,000

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