VirZOOM

Early Stage

The future of fitness, in partnership with Facebook!

Analytics

Raised to Date: Raised: $548,968

Aggregate Commitments $

Platform

Netcapital

Start Date

03/31/2017

Close Date

05/31/2017

Min. Goal

$499,999

Max. Goal

$999,999

Min. Investment

$99

Security Type

Equity - Common

Funding Type

RegCF

Pre-Money Valuation

$8,000,000

Rolling Commitments $

Status
Funded
Reporting Date

05/31/2017

Days Remaining
Funded
% of Min. Goal

110%

% of Max. Goal

55%

Likelihood of Max
Funded
Avg. Daily Raise

$8,999

Momentum
Funded
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Location

Cambridge, Massachusetts

Industry

Fitness & Wellness

Tech Sector

Hardwaretech

VirZOOM, with a valuation of $8 million, is raising funds on NetCapital. The company has created the next generation of interactive and immersive in-house fitness through virtual reality. The customers get to engage in multiple virtual activities with a lot of fun. The products of VirZOOM include vSports Content and vSports Controller that motivate sedentary people of all ages to exercise. Eric Janszen and Eric Malafeew founded VirZOOM in 2015. The current crowdfunding campaign has a minimum target of $500,000 and a maximum target of $999,999. The campaign proceeds will be used for R&D software, R&D hardware, inventory production, working capital, and vSports operations management.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$323,724

$0

COGS

$288,744

$0

Tax

$0

$0

 

 

Net Income

$-2,965,863

$-1,710,846

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$239,141

$998,088

Accounts Receivable

$33,974

$0

Total Assets

$392,847

$1,054,856

Short-Term Debt

$4,379,000

$2,524,051

Long-Term Debt

$0

$0

Total Liabilities

$4,379,000

$2,524,051

Financials as of: 03/31/2017
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
VirZOOM 04/01/2022 Wefunder $30,499,157 $691,025 Equity - Preferred Active RegCF
VirZOOM 11/22/2020 Wefunder $20,000,000 $454,166 SAFE Funded RegCF
VirZOOM 04/14/2019 Wefunder $8,000,000 $288,525 SAFE Funded RegCF
VirZOOM 05/31/2017 Netcapital $8,000,000 $548,968 Equity - Common Funded RegCF
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VirZOOM on NetCapital 2017
$
Platform: Netcapital
Security Type: Equity - Common
Valuation: $8,000,000
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