Immersed
Early Stage
VR Offices (Partnered with Facebook). Work from anywhere with anyone.
Overview
Raised: $1,070,000
Total Commitments ($USD)
Platform
Wefunder
Start Date
07/16/2020
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
Valuation Cap
$10,000,000
Discount
0%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
08/09/2020
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
Create a free account today to gain access to KingsCrowd analytics.
Year Founded
2017
Industry
Business Services, Software, & Applications
Tech Sector
EnterpriseTech
Distribution Model
B2B/B2C
Margin
High
Capital Intensity
Low
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: 07/16/2020
Create a free account today to gain access to KingsCrowd analytics.
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 |
Create a free account today to gain access to KingsCrowd analytics.
Upgrade to gain access
Pay Monthly
Annually (Save 17%)
-
$25 /month
billed annually - Free portfolio tracking, data-driven ratings, AI analysis and reports
- Plan Includes:
- Everything in Free, plus
- Company specific
KingsCrowd ratings and analyst reports
- Deal explorer and side-by-side comparison
- Startup exit and failure tracking
- Startup market filters and historical industry data
- Advanced company search ( with ratings)
- Get Edge Annual
Edge
Already a member? Log in here.
Founders: enhance your startup's credibility on KingsCrowd. Create an account to claim this raise page.