Virtuix

Virtuix

Growth Stage

Creator of Omni, an omni-directional treadmill allowing users to walk and run inside popular games and virtual worlds

Creator of Omni, an omni-directional treadmill allowing users to walk and run inside popular games and virtual worlds

Overview

Raised this Round: Raised: $1,116,207

Total Commitments ($USD)

Platform

StartEngine

Start Date

02/15/2023

Close Date

03/17/2023

Min. Goal
$10,000
Max. Goal
$5,000,000
Min. Investment

$500

Security Type

SAFE

Series

Series B

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$180,000,000

Discount

20%

Year Founded

2013

Industry

Media, Entertainment & Publishing

Tech Sector

GamingTech

Distribution Model

B2B/B2C

Margin

Low

Capital Intensity

High

Location

Austin, Texas

Business Type

Growth

Virtuix, with a valuation of $180 million, is raising funds on StartEngine. The company is the creator of Omni, an omnidirectional treadmill that allows users to walk and run inside virtual worlds. Omni is a first-of-its-kind motion platform that enables players to walk and run in 360 degrees. The newest product of the company is Omni One, which the company started shipping in January 2023 and has a waitlist of over 35,000 interested customers. Jan Goetgeluk founded Virtuix in December 2013. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $5 million. The campaign proceeds will be used for inventory, research and development, and general and administrative expenses.

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$3,709,966

$2,103,090

COGS

$3,128,272

$1,527,018

Tax

$36,889

$28,333

 

 

Net Income

$-4,703,384

$-3,845,456

Summary Balance Sheet

FY 2022 FY 2021

Cash

$5,809,264

$6,197,295

Accounts Receivable

$98,259

$195,861

Total Assets

$9,083,070

$7,760,032

Short-Term Debt

$36,614

$204,273

Long-Term Debt

$25,000

$24,669

Total Liabilities

$61,614

$228,942

Financials as of: 02/15/2023
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Virtuix 09/05/2023 Dealmaker Securities $170,629,157 $3,871,559 Equity - Preferred Funded RegCF / RegD 506(c)
Virtuix 03/16/2023 StartEngine $180,000,000 $1,116,207 SAFE Funded RegCF
Virtuix 04/24/2021 SeedInvest $65,000,000 $13,908,786 Equity - Preferred Funded RegA+
Virtuix 07/30/2016 SeedInvest $35,000,000 - Equity - Preferred Funded RegA+
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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

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Virtuix on StartEngine 2023
Platform: StartEngine
Security Type: SAFE
Valuation: $180,000,000

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