Overview

Raised to Date: Raised: $50,733

Deal Terms

Investment Momentum

Company Profile

Deal Summary

Financials

Total Commitments ($USD)

Platform

Netcapital

Start Date

12/22/2020

Close Date

03/26/2021

Min. Goal

$10,000

Max. Goal

$249,999

Min. Investment

$100

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    

Price Per Share

$3.44

Pre-Money Valuation

$14,998,304

Rolling Commitments ($USD)

Status

Funded

Reporting Date

03/30/2021

Days Remaining

Funded

% of Min. Goal

Funded

% of Max. Goal

Funded

Likelihood of Max

Funded

Avg. Daily Raise

$546

Momentum

Funded

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MyXR

Year Founded

2017

Industry

Media, Entertainment & Publishing

Tech Sector

MediaTech

Distribution Model

B2B/B2C

Margin

High

Capital Intensity

Low

Location

San Francisco, California

Business Type

High Growth

Company Website

MyXR, with a post-money valuation of $14.998 million, is raising crowdfunding on NetCapital. The company develops and distributes SaaS software for augmented reality & artificial intelligence engagement. MyXR was founded in 2017. The crowdfunding campaign has a minimum raise of $10,000 and a maximum raise of $249,999. The company is ready to globally introduce its latest platforms, MYXR Engage 2.0x and the MYXR Experience Platform 3.0.

Summary Profit and Loss Statement

	Most Recent Year	Prior Year
Revenue	$25,286	$600,000
COGS	$0	$0
Tax	$0	$0
Net Income	$-330,457	$-312,698

Summary Balance Sheet

	Most Recent Year	Prior Year
Cash	$2,097	$332,540
Accounts Receivable	$75,000	$75,000
Total Assets	$815,932	$1,114,086
Short-Term Debt	$0	$0
Long-Term Debt	$1,120,816	$791,857
Total Liabilities	$1,120,816	$791,857

Financials as of: 12/22/2020

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MyXR CEO Hans Koch on AR and Engagement

Customer engagement is a vital need for thousands of companies. Increasingly, a sleek digital presence is a pre-requisite for fostering that engagement. And as tools like augmented reality and virtual reality become more commonplace, consumers may expect such experiences when they interact with their favorite companies online.

MyXR wants to make it easier for companies to create that digital, AR-enhanced experience. The company has created customizable platforms that businesses can use to drive their customer engagement. We recently sat down with CEO Hans Koch to learn about the decades of development that have gone into MyXR’s products and what potential investors should know about the company.

Note: This interview was conducted over phone and email. It has been lightly edited for clarity and length.

Read Founder Interview