About this raise

Tap Systems, with a valuation of $88 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 sold over 50,000 units and has generated $4.5 million in sales to date. Dovid Schick and Dr. Sabrina Kemeny founded Tap Systems in February 2015. The current crowdfunding campaign has a minimum target of $150,000 and a maximum target of $4.4 million. The campaign proceeds will be used for marketing, R&D, and administrative and operational expenses.

Expand

Investment Overview

Committed this round: $121,670

Deal Terms

Total Commitments ($USD)

Platform
Wefunder
Start Date
01/30/2025
Close Date
04/30/2025
Min. Goal
$150,000
Max Goal
$4,390,834
Min. Investment

$360

Security Type

Equity - Common

Series

Series A

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$4.00

Early Bird Valuation

$79,261,492

Pre-Money Valuation

$88,068,324

Company & Team

Company

Year Founded
2015
Industry
Media, Entertainment & Publishing
Tech Sector
MediaTech
Distribution Model
B2C
Margin
Low
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

as of January 1, 2025
 Revenue +50% YoY
$534,204
 Monthly Burn
$175,000
 Runway
0.4 months
Gross Margin
25%

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$534,204

$356,522

COGS

$399,233

$115,830

Tax

$-25,269

$-16,122

 

 

Net Income

$-2,567,649

$-1,788,861

Summary Balance Sheet

FY 2023 FY 2022

Cash

$328,157

$417,532

Accounts Receivable

$0

$0

Total Assets

$1,030,413

$740,949

Short-Term Debt

$631,383

$495,052

Long-Term Debt

$8,578,915

$5,813,385

Total Liabilities

$9,210,298

$6,308,437

Create a free account today to gain access to Kingscrowd analytics and financials.

Upgrade to gain access

Pay Monthly
Annually (2 months free)

Edge

$12.50 /month
billed annually
Free portfolio tracking, data-driven ratings, AI analysis and reports
Plan Includes:
Everything in Free, plus
Company specific Kingscrowd ratings and analyst reports
Deal explorer and side-by-side comparison
Startup exit and failure tracking
Startup market filters and historical industry data
Advanced company search ( with ratings)
Get Edge Annual
Already a member? Log in here.

Company Funding & Growth

Funding history

Total Prior Capital Raised
$5,247,174
VC Backed?
Yes
Close Date Platform Valuation Total Raised Security Type Status Reg Type
04/30/2025 Wefunder $88,068,324 $121,670 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
Create a free account today to gain access to Kingscrowd analytics.

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

Founders: enhance your startup's credibility on Kingscrowd. Create an account to claim this raise page.
Add to portfolio
Tap Systems on Wefunder 2025
Platform: Wefunder
Security Type: Equity - Common
Valuation: $88,068,324
Price per Share: $4.00

Follow company

Follow Tap Systems on Wefunder 2025

Buy Tap Systems's Deal Report

Tap Systems Deal Report

Get Kingscrowd's comprehensive report on Tap Systems including:

  • How our proprietary algorithm rates their current capital raise (1-5 stars)
  • Detailed price, market, team, differentiators, performance, and risk ratings
  • Whether Tap Systems is undervalued or overvalued
  • Scores on the founding team and key personnel's background and expertise

Buy the Tap Systems deal report for only $10!

Email address:
Looking to buy more than one deal report? Get unlimited reports by upgrading to Edge