Virtuix
Creator of Omni, an omni-directional treadmill allowing users to walk and run inside popular games and virtual worlds
Overview
Raised: $1,116,207
Rolling Commitments ($USD)
Status
Funded
Reporting Date
03/26/2023
Days Remaining
Funded
% of Min. Goal
11,162%
% of Max. Goal
22%
Likelihood of Max
Funded
Avg. Daily Raise
$38,490
# of Investors
390
Momentum
Funded
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Year Founded
2013
Industry
Media, Entertainment & Publishing
Tech Sector
GamingTech
Distribution Model
B2B/B2C
Margin
Low
Capital Intensity
High
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
Most Recent Year | Prior Year | |
---|---|---|
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
Most Recent Year | Prior Year | |
---|---|---|
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: 02/16/2023
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Raise History
Offering Name | Close Date | Platform | Valuation/Cap | Total Raised | Security Type | Status | Reg Type |
---|---|---|---|---|---|---|---|
Virtuix | 07/29/2023 | Dealmaker Securities | $170,629,157 | $0 | Equity - Preferred | Active | RegCF |
Virtuix | 03/17/2023 | StartEngine | $180,000,000 | $1,116,207 | SAFE | Funded | RegCF |
Virtuix | 04/25/2021 | SeedInvest | $65,000,000 | $13,908,786 | Equity - Preferred | Funded | RegA+ |
Virtuix | 07/31/2016 | SeedInvest | $35,000,000 | $0 | Equity - Preferred | Funded | RegA+ |
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