Tap Systems

Tap Systems

Growth Stage

The next generation of input technology

The next generation of input technology

Overview

Raised to Date: Raised: $417,414

Total Commitments ($USD)

Platform

Wefunder

Start Date

02/25/2024

Close Date

04/28/2024

Min. Goal
$200,003
Max. Goal
$5,000,000
Min. Investment

$300

Security Type

Equity - Common

Series

Series B

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$3.00

Early Bird Valuation

$58,719,400

Pre-Money Valuation

$65,243,778

Rolling Commitments ($USD)

Status

Active

Reporting Date

04/15/2024

Days Remaining

13

% of Min. Goal

209%

% of Max. Goal

8%

Likelihood of Max
unlikely
Avg. Daily Raise

$8,348

# of Investors

361

Momentum
cool.svg
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Year Founded

2015

Industry

Media, Entertainment & Publishing

Tech Sector

MediaTech

Distribution Model

B2C

Margin

Medium

Capital Intensity

High

Location

Pasadena, California

Business Type

Growth

Tap Systems, with a valuation of $65.2 million, is raising funds on Wefunder. The company has developed its patented input solution that works well for augmented and virtual reality systems. Tap Systems’ input solution is easy, fast, accurate, and eyes-free and solves the problems related to the current slow and error-prone input solutions. The platform has over 40,000 customers and has generated $4.5 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 $200,002 and a maximum target of $5 million. The campaign proceeds will be used for research and development, sales and marketing, and general and administrative expenses.

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$356,522

$705,434

COGS

$115,830

$206,796

Tax

$-16,122

$-21,887

 

 

Net Income

$-1,788,861

$-1,644,240

Summary Balance Sheet

FY 2022 FY 2021

Cash

$417,532

$424,689

Accounts Receivable

$0

$0

Total Assets

$740,949

$701,005

Short-Term Debt

$495,052

$662,075

Long-Term Debt

$5,813,385

$6,129,870

Total Liabilities

$6,308,437

$6,791,945

Financials as of: 02/25/2024
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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 $417,414 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
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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

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Tap Systems on Wefunder 2024
Platform: Wefunder
Security Type: Equity - Common
Valuation: $65,243,778
Price per Share: $3.00

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