Impakt
Early Stage
Virtual Sports: Fitness is fun, social and free with motion control technology
Overview
$67,750 - RegCF
$108,750 - Total
$108,750 - Total
Total Commitments ($USD)
Platform
Wefunder
Start Date
02/01/2023
Close Date
04/30/2023
Min. Goal
$100,000
Max. Goal
$1,235,000
Min. Investment
$250
Security Type
SAFE
Series
Seed
SEC Filing Type
RegCF
/ RegD 506(c)
Valuation Cap
$30,000,000
Discount
0%
Rolling Commitments ($USD)
Status
Active
Reporting Date
03/27/2023
Days Remaining
34
% of Min. Goal
68%
% of Max. Goal
5%
Likelihood of Max
Avg. Daily Raise
$1,255
Momentum
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Year Founded
2020
Industry
Fitness & Wellness
Tech Sector
HealthTech
Distribution Model
B2C
Margin
Medium
Capital Intensity
Low
Impakt, with a valuation of $30 million, is raising funds on Wefunder. The company is building a virtual world of motion-controlled experiences for the fitness world. The application being developed by Impakt, vSports, can be used to make fitness fun, social, and free with motion control technology. It allows members to play games, meet friends, and get fit while earning rewards. Winston Zin founded Impakt in September 2020. The current crowdfunding campaign has a minimum target of $100,000 and a maximum target of $1.24 million. The campaign proceeds will be used for digital services, digital ads, salaries, hiring, and marketing.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-418,436 |
$-56,261 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$38,040 |
$121,776 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$42,975 |
$123,376 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$0 |
$0 |
Financials as of: 02/01/2023
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