MicroVision Optical
About this raise
MicroVision Optical, with a valuation cap of $5.5 million, is raising funds on Wefunder. The company makes ultra-premium and affordable eyewear and brings them directly to the customers. The business has multiple patents, decades of technological innovation in reader design, and proven expertise in manufacturing and logistics. David Johnson founded MicroVision Optical in September 2010. The proceeds of the current crowdfunding round, with a minimum goal of $300,000 and a maximum goal of $1,070,000, will be used for social media marketing campaigns, website rework, employee retention, inventory build, and overheads. MicroVision Optical has already sold more than 1 million pairs of readers and sunglasses. The readers have also made it to Oprah Winfrey’s Favorite Things list.
Investment Overview
Not Funded: $0
Deal Terms
Total Commitments
- Platform
- Wefunder
- Start Date
- 08/10/2021
- Close Date
- 11/17/2021
$300,000
$1,070,000
$100
Convertible Note
Early Stage
RegCF
$4,500,000
$5,500,000
10%
Company & Team
Company
- Year Founded
- 2010
- Industry
- Fitness & Wellness
- Tech Sector
- Distribution Model
- B2C
- Margin
- High
- Capital Intensity
- High
Financials
- Revenue -85% YoY
- $211,381
- Monthly Burn
- $14,684
-
Runway
- 4.9 months
- Gross Margin
- 77%
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Company Funding & Growth
Funding history
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 11/17/2021 | Wefunder | $5,500,000 | $0 | Convertible Note | Not Funded | RegCF |