Immersion
About this raise
Immersion is raising funds on MainVest. It is an upcoming wellness center in Fargo, New Dakota that provides holistic wellness through cold water immersion and hot saunas. Immersion aims to use state-of-the-art technology from Plunge that can help with mental clarity, better mood, sleep, recovery, elevated energy, and stress relief. The business will also use products from Hot Springs Sauna to provide detoxification, better skin, and stress reduction. Erik Hill founded Immersion in November 2023. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $75,000. The campaign proceeds will be used for operating capital, equipment, renovations, and furniture.
Investment Overview
Not Funded: $0
Deal Terms
Total Commitments
- Platform
- MainVest
- Start Date
- 02/01/2024
- Close Date
- 03/15/2024
$50,000
$75,000
$100
Revenue Share
Pre-Seed
RegCF
1.40X
9.35%
Company & Team
Company
- Year Founded
- 2023
- Industry
- Fitness & Wellness
- Tech Sector
- Distribution Model
- B2C
- Margin
- Low
- Capital Intensity
- High
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $0
- VC Backed?
- No
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 03/15/2024 | MainVest | - | $0 | Revenue Share | Not Funded | RegCF |