Virtual World Computing (2021)

Virtual World Computing (2021)

About this raise

Virtual World Computing, with a valuation cap of $5.2 million, is raising crowdfunding on Funders USA. The company is helping internet users make money using their online data. Virtual World Computing has developed a new app named Cocoon MDR that assists in the monetization of user data easily and without collecting users’ personally-identifiable information. Jeffrey Bermant founded Virtual World Computing in 2008. The proceeds of the current crowdfunding campaign, with a minimum target of $20,000 and a maximum target of $250,000, will be used to scale and expand the Cocoon MDR program to 160 countries. Virtual World Computing’s Cocoon MDR app is available on Android, Windows, and Mac devices and has over 18,000 signups since August 2020.

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Investment Overview

Not Funded: $0

Deal Terms

Total Commitments

Platform
Funders USA
Start Date
11/05/2020
Close Date
03/03/2021
Min. Goal
$20,000
Max Goal
$250,000
Min. Investment

$100

Security Type

Convertible Note

Company Stage

Early Stage

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$5,200,000

Discount

0%

Company & Team

Company

Year Founded
2018
Industry
Financial & Insurance Products & Services
Tech Sector
Fintech
Distribution Model
B2C
Margin
Medium
Capital Intensity
Low
Location
Santa Barbara, California
Business Type
Growth
Company Website
Visit Website

Team

Employees
1
Founder Name
Jeffrey C Bermant
Title
CEO

Funding data not publicly available

Financials

 Revenue +221% YoY
$21,544
 Monthly Burn
$45,671
 Runway
0.2 months

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$21,544

$6,716

COGS

$24,887

$0

Tax

$800

$800

 

 

Net Income

$-548,050

$-798,688

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$7,989

$27,624

Accounts Receivable

$10,743

$4,463

Total Assets

$347,501

$415,434

Short-Term Debt

$176,605

$175,988

Long-Term Debt

$507,414

$2,608,724

Total Liabilities

$684,019

$2,784,712

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Company Funding & Growth

Funding history

Offering Name Close Date Platform Valuation Total Raised Security Type Status Reg Type
Tusk by VWC (previously Virtual World Computing) 04/29/2024 Wefunder $10,000,000 $137,475 SAFE Funded RegCF
Virtual World Computing 03/03/2021 Funders USA $5,200,000 $0 Convertible Note Not 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

Employee History

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Virtual World Computing on Funders USA
Platform: Funders USA
Security Type: Convertible Note
Valuation: $5,200,000

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