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.

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Investment Overview

Invested this round: $2,422,967

Deal Terms

Total Commitments ($USD)

Platform
Wefunder
Start Date
11/05/2021
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    Open SEC Filing

Price Per Share

$2.00

Early Bird Valuation

$44,862,750

Pre-Money Valuation

$51,271,714

Company & Team

Company

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
Visit Website

Team

Employees
10
Prior Founder Exits?
Yes
Founder Name
Dovid Schick
Title
CEO
Founder Name
Sabrina Kemeny
Title
President

Financials

 Revenue +32% YoY
$885,346
 Monthly Burn
$160,375
 Runway
1.8 months
Gross Margin
37%

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

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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
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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.

Read Founder Interview

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Tap Systems on Wefunder 2021
Platform: Wefunder
Security Type: Equity - Common
Valuation: $51,271,714
Price per Share: $2.00

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