OmniPad

Early Stage

Circular moving-tread omnidirectional treadmills

Overview

Raised to Date: Raised: $16,638

Total Commitments ($USD)

Platform

Netcapital

Start Date

01/09/2023

Close Date

03/31/2023

Min. Goal

$10,000

Max. Goal

$617,500

Min. Investment

$100

Security Type

Equity - Common

Series

Seed

Funding Type

RegCF

Price Per Share

$1.25

Pre-Money Valuation

$9,375,000

Rolling Commitments ($USD)

Status

Active

Reporting Date

02/02/2023

Days Remaining

57

% of Min. Goal

166%

% of Max. Goal

3%

Likelihood of Max
unlikely
Avg. Daily Raise

$693

Momentum
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Location

Tallahassee, Florida

Industry

Fitness & Wellness

Tech Sector

HealthTech

Distribution Model

B2C

Margin

Medium

Capital Intensity

Low

Business Type

Growth

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

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-92,783

$0

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$8,098

$0

Accounts Receivable

$0

$0

Total Assets

$262,242

$0

Short-Term Debt

$70,000

$0

Long-Term Debt

$0

$0

Total Liabilities

$70,000

$0

Financials as of: 01/09/2023
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OmniPad on NetCapital 2023
$
Platform: Netcapital
Security Type: Equity - Common
Valuation: $9,375,000

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