Impakt
Early Stage
Virtual Sports: Fitness is fun, social and free with motion control technology
Overview
$60,200 - RegCF
$101,200 - Total
$101,200 - Total
Rolling Commitments ($USD)
Status
Not Funded
Reporting Date
04/30/2023
Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise
$684
# of Investors
50
Momentum
Not Funded
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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
FY 2022 | FY 2021 | |
---|---|---|
Revenue |
$0 |
$0 |
COGS |
$0 |
$0 |
Tax |
$0 |
$0 |
| ||
| ||
Net Income |
$-714,035 |
$-419,770 |
Summary Balance Sheet
FY 2022 | FY 2021 | |
---|---|---|
Cash |
$16,614 |
$38,040 |
Accounts Receivable |
$0 |
$0 |
Total Assets |
$30,601 |
$42,975 |
Short-Term Debt |
$0 |
$0 |
Long-Term Debt |
$640,227 |
$0 |
Total Liabilities |
$640,227 |
$0 |
Financials as of: 01/31/2023
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