OmniPad
Early Stage
Circular moving-tread omnidirectional treadmills
Overview
Raised: $55,940
Total Commitments ($USD)
Platform
Netcapital
Start Date
01/09/2023
Close Date
10/31/2023
Min. Goal
$10,000
Max. Goal
$617,500
Min. Investment
$100
Security Type
Equity - Common
Series
Seed
SEC Filing Type
RegCF
Price Per Share
$1.25
Pre-Money Valuation
$9,375,000
Year Founded
2020
Industry
Fitness & Wellness
Tech Sector
HealthTech
Distribution Model
B2C
Margin
Medium
Capital Intensity
Low
OmniPad, with a valuation of $9.4 million, is raising funds on NetCapital. The company has designed a circular moving-tread omnidirectional treadmill for the virtual environments and the Metaverse. The users can just hop onto the OmniPad and walk or jog in any direction without using any special shoes or harnesses. OmniPad is based on the company’s patented technology used to develop 360-degree locomotion surfaces and related peripheral devices. Neil Epstein founded OmniPad in August 2020. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $617,500. The campaign proceeds will be used for prototype development, intellectual property, and salaries.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-53,759 |
$-92,783 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$5,293 |
$8,098 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$291,176 |
$262,242 |
|
Short-Term Debt |
$70,000 |
$70,000 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$70,000 |
$70,000 |
Financials as of: 01/09/2023
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Raise History
| Offering Name | Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|---|
| OmniPad | 10/31/2023 | Netcapital | $9,375,000 | $55,940 | Equity - Common | Funded | RegCF |
No prior online funding rounds.
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