Nexersys

Nexersys

Closed: Dec. 2019

About this raise

Nexersys, the manufacturer of fitness products, is raising crowdfunding on MicroVentures. The company has a valuation cap of $6 million and manufactures interactive products, specially focused on boxing and mixed martial arts. The products of Nexersys combine full-body workout with interactive gaming for overall fitness. Nexersys was founded by Terry Jones, and its assets were purchased by XFit in September 2017. The proceeds of the current crowdfunding round, with a minimum goal of $100,000 and a maximum goal of $1,070,000, will be used for campaign marketing, digital advertising, and content development. Nexersys has already sold over 4,700 machines and over 4,600 cross-body trainers and generated around $750,000 in revenues in 2018.

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Investment Overview

Invested this round: $134,420

Deal Terms

Total Commitments

Platform
Microventures
Start Date
09/12/2019
Close Date
12/09/2019
Min. Goal
$100,000
Max Goal
$1,070,000
Min. Investment

$100

Security Type

Convertible Note

Company Stage

Early Stage

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$6,000,000

Discount

0%

Company & Team

Company

Year Founded
2017
Industry
Fitness & Wellness
Tech Sector
Distribution Model
B2C
Margin
Capital Intensity
Location
Austin, Texas
Company Website
Visit Website

Team

Employees
2

Financials

Financials are not currently available for this company. This may occur if the company is still Testing the Waters, is a Regulation D offering, or if the financials are still under review and being confirmed by our team. For Reg CF and Reg A+ raises, please check back later.

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
12/09/2019 Microventures $6,000,000 $134,420 Convertible Note Funded RegCF
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Nexersys on Microventures
Platform: Microventures
Security Type: Convertible Note
Valuation: $6,000,000

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Warning: according to the close date for this deal, Nexersys may no longer be accepting investments.

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