Liteboxer
About this raise
Liteboxer, with a valuation of $81.99 million, is raising funds on StartEngine. It is an at-home virtual reality-based workout program that is bringing real fitness to the metaverse. The platform enables users to get interactive and effective one-on-one trainer workouts from their home without the need for additional hardware. Liteboxer has reported over 600,000 downloads since March 2022 and is listed as one of the most popular apps in the Meta Quest store. Jeffrey William Morin and Todd Dagres founded Liteboxer in January 2016. The current crowdfunding campaign has a minimum target of $9,991.12 and a maximum target of $4.9 million. The campaign proceeds will be used to grow the team, bring the business to new virtual platforms, and develop new apps.
Investment Overview
Not Funded: $17,496
Deal Terms
Company & Team
Company
- Year Founded
- 2016
- Industry
- Fitness & Wellness
- Tech Sector
- Distribution Model
- B2C
- Margin
- Low
- Capital Intensity
- Low
Financials
- Revenue +623% YoY
- $3,741,702
- Monthly Burn
- $1,168,281
-
Runway
- 5.7 months
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $26,000,000
- VC Backed?
- Yes
Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
---|---|---|---|---|---|---|
11/16/2022 | StartEngine | $81,992,971 | $17,496 | Equity - Common | Not Funded | RegCF |