Sphere
About this raise
Sphere, with a valuation of $60 million, is raising funds on Republic. The company has developed augmented reality software for collaboration. Sphere offers a multi-model and context-dependent input system to AI and brings about spatial collaboration with humanized interactions. The platform is being used by leading enterprises, like Pfizer, Micron, and Volkswagen, and generated $1.4 million in revenue in 2023. Sven Brunner founded Sphere in February 2022. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1.24 million. The campaign proceeds will be used for operations, product development, R&D, and sales and marketing.
Investment Overview
Invested : $231,865
Deal Terms
Total Commitments
- Platform
- Republic
- Start Date
- 08/06/2024
- Close Date
- 11/16/2024
$50,000
$1,235,000
$250
SAFE
Seed
RegCF
$50,000,000
$60,000,000
0%
Company & Team
Company
- Year Founded
- 2022
- Industry
- Business Services, Software, & Applications
- Tech Sector
- Distribution Model
- B2B
- Margin
- High
- Capital Intensity
- Low
Financials
- Revenue +34% YoY
- $1,306,962
- Monthly Burn
- $234,823
-
Runway
- 4 months
- Gross Margin
- 93%
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $9,257,989
- VC Backed?
- No
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 11/16/2024 | Republic | $60,000,000 | $231,865 | SAFE | Funded | RegCF |