Overview

Raised to Date: Raised: $2,422,967

Deal Terms

Investment Momentum

Company Profile

Deal Summary

Financials

Funding History

Growth Charts

Total Commitments ($USD)

Platform

Wefunder

Start Date

11/04/2021

Close Date

11/04/2022

Min. Goal

$200,001

Max. Goal

$4,999,999

Min. Investment

$100

Security Type

Equity - Common

Series

Series A

SEC Filing Type

RegCF    

Price Per Share

$2.00

Early Bird Valuation

$44,862,750

Pre-Money Valuation

$51,271,714

Rolling Commitments ($USD)

Status

Funded

Reporting Date

11/29/2022

Days Remaining

Funded

% of Min. Goal

Funded

% of Max. Goal

Funded

Likelihood of Max

Funded

Avg. Daily Raise

$6,657

# of Investors

2,980

Momentum

Funded

Create a free account today to gain access to KingsCrowd analytics.

Logos provided by Clearbit

Tap Systems

Year Founded

2015

Industry

Media, Entertainment & Publishing

Tech Sector

MediaTech

Distribution Model

B2C

Margin

Medium

Capital Intensity

High

Location

Pasadena, California

Business Type

Growth

Company Website

Tap Systems, with a valuation of $51.3 million, is raising funds on Wefunder. The company has developed its patented input solution that works well for augmented and virtual reality systems. The input solution of Tap Systems is easy, fast, accurate, and eyes-free and solves the problems related to the current slow and error-prone input solutions. Tap Systems has tens of thousands of customers and has generated $2 million in sales to date. David Schick and Dr. Sabrina Kemeny founded Tap Systems in February 2015. The current crowdfunding campaign has a minimum target of $200,001 and a maximum target of $4,999,999. The campaign proceeds will be used for research and development, sales and marketing, and general and administrative expenses.

Summary Profit and Loss Statement

	Most Recent Year	Prior Year
Revenue	$885,346	$1,311,181
COGS	$553,845	$698,640
Tax	$0	$0
Net Income	$-1,924,505	$-2,629,615

Summary Balance Sheet

	Most Recent Year	Prior Year
Cash	$282,590	$760,658
Accounts Receivable	$1,238	$2,550
Total Assets	$688,067	$1,227,459
Short-Term Debt	$755,178	$473,512
Long-Term Debt	$5,363,027	$5,411,809
Total Liabilities	$6,118,205	$5,885,321

Financials as of: 11/04/2021

Create a free account today to gain access to KingsCrowd analytics.

Raise History

Offering Name	Close Date	Platform	Valuation/Cap	Total Raised	Security Type	Status	Reg Type
Tap Systems	04/28/2024	Wefunder	$65,243,778	$450,914	Equity - Common	Active	RegCF
Tap Systems	11/03/2022	Wefunder	$51,271,714	$2,422,967	Equity - Common	Funded	RegCF
Tap Systems	11/28/2019	StartEngine	$19,500,000	$1,069,766	Equity - Common	Funded	RegCF

Create a free account today to gain access to KingsCrowd analytics.

• Price per Share
• Valuation
• Revenue
• Employees

Price per Share Valuation Revenue Employees

Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Valuation History

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Employee History

Tap Systems Founder Dovid Schick Is Improving the Metaverse

Augmented reality (AR) and virtual reality (VR) have enjoyed a boost in popularity during the pandemic, finding uses in business, education, and retail in addition to gaming. However, they still have a ways to go in inputting text. Due to the lack of a hard surface and accurate ways to track finger movements, typing can prove tricky and inefficient.

Tap Systems is offering a wearable solution that allows users to type and select accurately in AR and VR. For a smooth experience, users simply need to wear the Tap Strap 2 and tap their fingers against a surface. We reached out to co-founder and CEO Dovid Schick to hear more about the inspiration behind the company and how it’s addressing supply chain problems.

Note: This interview was conducted over phone and email. It has been lightly edited for clarity and length.

Read Founder Interview