Tap Systems
About this raise
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.
Investment Overview
Invested $2,422,967 :
Deal Terms
Total Commitments ($USD)
Company & Team
Company
- Year Founded
- 2015
- Industry
- Media, Entertainment & Publishing
- Tech Sector
- Distribution Model
- B2C
- Margin
- Medium
- Capital Intensity
- High
Financials
- Revenue +32% YoY
- $885,346
- Monthly Burn
- $160,375
-
Runway
- 1.8 months
- Gross Margin
- 37%
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Company Funding & Growth
Funding history
Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
---|---|---|---|---|---|---|
04/30/2025 | Wefunder | $88,068,324 | $0 | Equity - Common | Active | RegCF |
06/30/2024 | Wefunder | $65,243,778 | $612,965 | Equity - Common | Funded | RegCF |
11/04/2022 | Wefunder | $51,271,714 | $2,422,967 | Equity - Common | Funded | RegCF |
11/29/2019 | StartEngine | $19,500,000 | $1,069,766 | Equity - Common | Funded | RegCF |
Growth Charts
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.
Valuation History
Price per Share History
Note: Share prices shown in earlier rounds may not be indicative of any stock splits.
Employee History
Founder Profile
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.