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

Overview

Raised to Date: Raised: $1,116,207

Total Commitments ($USD)

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

Series

Series B

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$180,000,000

Discount

20%

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

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

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

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