VirZOOM

VirZOOM

Growth Stage

The future of fitness, in partnership with Facebook!

The future of fitness, in partnership with Facebook!

Overview

Raised this Round: Raised: $38,926

Total Commitments ($USD)

Platform

Dealmaker Securities

Start Date

05/23/2024

Close Date

12/31/2024

Min. Goal
$10,000
Max. Goal
$4,666,670
Min. Investment

$1,001

Security Type

Equity - Preferred

Series

Series A

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$0.58

Pre-Money Valuation

$61,360,000

Year Founded

2015

Industry

Fitness & Wellness

Tech Sector

Hardwaretech

Location

Cambridge, Massachusetts

VirZOOM, with a valuation of $61.36 million, is raising funds on Dealmaker Securities. The company has created the next generation of interactive and immersive in-house fitness through virtual reality. VirZOOM customers get to engage in multiple virtual activities that are a lot of fun. The business has reported 966,586 installs, generated $3 million in sales, received a major development grant from Meta, and partnered with Google. Eric Janszen and Eric Malafeew founded VirZOOM in February 2015. The current crowdfunding campaign has a minimum target of $10,000.48 and a maximum target of $4.67 million. The campaign proceeds will be used for marketing, engineering, and customer success.

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$867,152

$496,629

COGS

$193,480

$174,270

Tax

$0

$0

 

 

Net Income

$-1,097,019

$-1,843,836

Summary Balance Sheet

FY 2023 FY 2022

Cash

$42,931

$93,243

Accounts Receivable

$12,627

$17,975

Total Assets

$87,868

$143,337

Short-Term Debt

$179,120

$111,578

Long-Term Debt

$1,453,400

$658,400

Total Liabilities

$1,632,520

$769,978

Financials as of: 05/23/2024
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
VirZOOM 12/30/2024 Dealmaker Securities $61,360,000 $38,926 Equity - Preferred Active RegCF
VirZOOM 07/05/2023 StartEngine $45,758,966 $192,665 Equity - Preferred Funded RegCF
VirZOOM 07/06/2022 Wefunder $30,499,157 $1,476,203 Equity - Preferred Funded RegCF
VirZOOM 11/21/2020 Wefunder $20,000,000 $454,166 SAFE Funded RegCF
VirZOOM 04/13/2019 Wefunder $8,000,000 $288,525 SAFE Funded RegCF
VirZOOM 05/30/2017 Netcapital $8,000,000 $548,968 Equity - Common Funded RegCF
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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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VirZOOM on Dealmaker Securities 2024
Platform: Dealmaker Securities
Security Type: Equity - Preferred
Valuation: $61,360,000
Price per Share: $0.58

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Follow VirZOOM on Dealmaker Securities 2024

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