VirZOOM
The future of fitness, in partnership with Facebook!
Overview
Raised: $28,723
Rolling Commitments ($USD)
Status
Active
Reporting Date
03/23/2023
Days Remaining
38
% of Min. Goal
287%
% of Max. Goal
3%
Likelihood of Max
Avg. Daily Raise
$4,103
# of Investors
34
Momentum
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Year Founded
2015
Industry
Fitness & Wellness
Tech Sector
Hardwaretech
Distribution Model
B2C
Margin
High
Capital Intensity
High
VirZOOM, with a valuation of $45.76 million, is raising funds on StartEngine. 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 business is currently developing its fourth generation of virtual reality exercise games and has recently launched its testbed app. Eric Janszen and Eric Malafeew founded VirZOOM in 2015. The current crowdfunding campaign has a minimum target of $9,999.92 and a maximum target of $911,955.66. The campaign proceeds will be used for research and development, company employment, working capital, and outsourced resources.
Summary Profit and Loss Statement
Most Recent Year | Prior Year | |
---|---|---|
Revenue |
$496,629 |
$459,757 |
COGS |
$174,269 |
$90,556 |
Tax |
$0 |
$0 |
| ||
| ||
Net Income |
$-1,555,161 |
$-1,706,244 |
Summary Balance Sheet
Most Recent Year | Prior Year | |
---|---|---|
Cash |
$93,243 |
$49,669 |
Accounts Receivable |
$25,075 |
$34,018 |
Total Assets |
$176,926 |
$95,477 |
Short-Term Debt |
$111,578 |
$190,248 |
Long-Term Debt |
$661,258 |
$3,214,781 |
Total Liabilities |
$772,836 |
$3,405,029 |
Financials as of: 03/16/2023
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Raise History
Offering Name | Close Date | Platform | Valuation/Cap | Total Raised | Security Type | Status | Reg Type |
---|---|---|---|---|---|---|---|
VirZOOM | 04/30/2023 | StartEngine | $45,758,966 | $28,723 | Equity - Preferred | Active | RegCF |
VirZOOM | 07/07/2022 | Wefunder | $30,499,157 | $1,476,203 | Equity - Preferred | Funded | 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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