Objective Reality
Early Stage
VR arcade of the cloud
Overview
Raised: $167,175
Total Commitments ($USD)
Platform
Wefunder
Start Date
05/10/2022
Close Date
09/09/2022
Min. Goal
$50,000
Max. Goal
$250,000
Min. Investment
$100
Security Type
SAFE
Series
Pre-Seed
SEC Filing Type
RegCF
Valuation Cap
$4,500,000
Discount
10%
Year Founded
2022
Industry
Media, Entertainment & Publishing
Tech Sector
GamingTech
Distribution Model
B2C
Margin
Medium
Capital Intensity
Low
Objective Reality, with a valuation of $4.5 million, is raising funds on Wefunder. The company has developed a solution for VR gaming at home without the need for expensive gaming machines. It is the VR arcade of the cloud and has built-in social spaces for community and social interaction. Objective Reality also has an exclusive currency, EverGrow Coin, that incentivizes users to play more to earn more. Colin Rose founded Objective Reality in January 2022. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $250,000. The campaign proceeds will be used for marketing, conventions, equipment, leasehold improvements, and hiring a campaign manager.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-1,344 |
$0 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$0 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$0 |
$0 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$0 |
$0 |
Financials as of: 05/10/2022
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Raise History
| Offering Name | Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|---|
| Objective Reality | 09/09/2022 | Wefunder | $4,500,000 | $167,175 | SAFE | Funded | RegCF |
No prior online funding rounds.
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