About this raise

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.

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Investment Overview

Invested this round: $1,116,207

Deal Terms

Total Commitments

Platform
StartEngine
Start Date
02/16/2023
Close Date
03/17/2023
Min. Goal
$10,000
Max Goal
$5,000,000
Min. Investment

$500

Security Type

SAFE

Company Stage

Growth Stage

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$180,000,000

Discount

20%

Company & Team

Company

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
Company Website
Visit Website

Team

Employees
46
Prior Founder Exits?
No
Founder Name
Jan Goetgeluk
Title
CEO

Financials

 Revenue +76% YoY
$3,709,966
as of FY2022
 Monthly Burn
$391,949
as of FY2022
 Runway
14.8 months
as of FY2022
 Gross Margin
16%
as of FY2022

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

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$48,100,000
VC Backed?
Yes
Close Date Platform Valuation Total Raised Security Type Status Reg Type
06/20/2025 StartEngine $201,132,165 $2,835,000 Equity - Preferred Active RegCF
09/06/2023 DealMaker Securities $170,629,157 $3,871,559 Equity - Preferred Funded RegCF / RegD 506(c)
03/17/2023 StartEngine $180,000,000 $1,116,207 SAFE Funded RegCF
04/25/2021 SeedInvest $65,000,000 $13,908,786 Equity - Preferred Funded RegA+
07/31/2016 SeedInvest $35,000,000 - Equity - Preferred Funded RegA+
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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

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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Warning: according to the close date for this deal, Virtuix may no longer be accepting investments.

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