Radix Motion

Radix Motion

Early Stage

Using immersive technology to let people connect in 3D even if they are apart

Using immersive technology to let people connect in 3D even if they are apart

Overview

Raised this Round: Raised: $61,046

Total Commitments ($USD)

Platform

Wefunder

Start Date

06/17/2020

Close Date

02/15/2021

Min. Goal
$50,000
Max. Goal
$250,000
Min. Investment

$100

Security Type

SAFE

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$4,000,000

Discount

0%

Year Founded

2018

Industry

Media, Entertainment & Publishing

Tech Sector

MediaTech

Distribution Model

B2C

Margin

High

Capital Intensity

Low

Location

San Francisco, California

Business Type

High Growth

Radix Motion, with a valuation cap of $6 million, is raising crowdfunding on Wefunder. The company is redefining human communication by allowing people to connect in 3D even when they are apart. Meu, the prototype of Radix Motion, is the first social platform based on 3D human movement. During COVID-19, the platform allows users to send 3D messages, hugs, kisses to their friends, even if they don’t have VR. Radix Motion was founded by Sarah Hashkes and Matthew How and has raised over $100,000 since its founding. The proceeds of the current crowdfunding campaign, with a minimum target of $50,000 and a maximum target of $250,000, will be used to finish developing social network features, develop advanced features, and reach out to festivals, conferences, and influencers. The prototype of Radix Motion already has over 1,500 users. The company has experienced a 55% increase in the use of its 3D-enhanced virtual parties during COVID-19.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-80,144

$-80

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$9,859

$0

Accounts Receivable

$0

$0

Total Assets

$9,860

$0

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0

Financials as of: 06/17/2020
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Radix Motion on Wefunder
Platform: Wefunder
Security Type: SAFE
Valuation: $4,000,000

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