VirZOOM

The future of fitness, in partnership with Facebook!

Analytics

Raised to Date: Raised: $369,526

Aggregate Commitments $

Platform

Wefunder

Start Date

09/22/2021

Close Date

01/28/2022

Min. Goal

$100,000

Max. Goal

$4,497,094

Min. Investment

$500

Security Type

Equity - Preferred

Funding Type

RegCF

Series

Series A

Pre-Money Valuation

$30,499,157

Rolling Commitments $

Status

Active

Reporting Date

12/05/2021

Days Remaining

54

% of Min. Goal

370%

% of Max. Goal

8%

Likelihood of Max
unlikely
Avg. Daily Raise

$4,994

Momentum
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Location

Cambridge, Massachusetts

Industry

Fitness & Wellness

Tech Sector

Hardwaretech

Distribution Model

B2C

Margin

High

Capital Intensity

High

Business Type

Growth

VirZOOM, with a valuation of $30.5 million, is raising funds on Wefunder. 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 active members of VirZOOM grew five times, and accounts grew six times after the Oculus Quest store launch in the second quarter of 2021. Eric Janszen and Eric Malafeew founded VirZOOM in 2015. The current crowdfunding campaign has a minimum target of $100,000 and a maximum target of $4,497,094. The campaign proceeds will be used for customer acquisition, hiring new staff, advertising and promotion, and rent and facilities.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$372,537

$202,250

COGS

$102,739

$161,459

Tax

$0

$0

 

 

Net Income

$-1,706,244

$-2,844,277

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$150,122

$49,586

Accounts Receivable

$8,977

$20,574

Total Assets

$211,553

$166,894

Short-Term Debt

$2,458,507

$1,663,095

Long-Term Debt

$1,123,188

$281,745

Total Liabilities

$3,581,695

$1,944,840

Financials as of: 09/22/2021
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
VirZOOM 01/28/2022 Wefunder $30,499,157 $369,526 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 Wefunder 2021
$
Platform: Wefunder
Security Type: Equity - Preferred
Valuation: $30,499,157
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