Virtuix

Virtuix, with a valuation of $201.13 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 inside VR games and other virtual worlds. The newest product of Virtuix is Omni One, which the company launched in September 2024 and has 3,000 preorders after shipping hundreds of beta units. Virtuix has hosted over 3 million plays with its database of over 400,000 players and sold products worth more than $18 million. Jan Goetgeluk founded Virtuix in December 2013. The current crowdfunding campaign has a minimum target of $14,996.42 and a maximum target of $617,994.32. The campaign proceeds will be used for inventory, research and development, and general and administrative expenses.

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Investment Overview

Raised this Round: Raised: $602,413

Deal Terms

Total Commitments ($USD)

Platform
StartEngine
Start Date
11/12/2024
Close Date
12/12/2024
Min. Goal
$14,996
Max. Goal
$617,994
Min. Investment

$498

Security Type

Equity - Preferred

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$6.22

Pre-Money Valuation

$201,132,165

Company & Team

Company

Year Founded
2013
Industry
Media, Entertainment & Publishing
Tech Sector
GamingTech
Location
Austin, Texas
Company Website
Visit Website

Team

Employees
54

Financials

as of Fiscal Year 2023
 Revenue
$2,408,920
 Monthly Burn
$675,488
 Runway
0.4 months
Gross Margin
23%

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$2,408,920

$4,219,634

COGS

$1,856,045

$3,194,852

Tax

$62,391

$49,770

 

 

Net Income

$-8,105,856

$-5,482,829

Summary Balance Sheet

FY 2023 FY 2022

Cash

$270,029

$2,269,245

Accounts Receivable

$132,585

$97,847

Total Assets

$4,303,222

$5,365,533

Short-Term Debt

$3,928,998

$3,489,652

Long-Term Debt

$320,941

$645,051

Total Liabilities

$4,249,939

$4,134,703

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
12/12/2024 StartEngine $201,132,165 $602,413 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 2024
Platform: StartEngine
Security Type: Equity - Preferred
Valuation: $201,132,165
Price per Share: $6.22

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Follow Virtuix on StartEngine 2024

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