VirZOOM
The future of fitness, in partnership with Facebook!
Overview
Raised: $1,476,203
Total Commitments ($USD)
Wefunder
09/22/2021
07/07/2022
$500
Equity - Preferred
Series A
RegCF
$0.49
$24,274,839
$30,499,157
Rolling Commitments ($USD)
07/31/2022
$5,126
629
2015
Fitness & Wellness
Hardwaretech
B2C
High
High
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 |
Raise History
| Offering Name | Close Date | Platform | Valuation/Cap | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|---|
| VirZOOM | 07/06/2023 | StartEngine | $45,758,966 | $192,665 | Equity - Preferred | Funded | 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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Founder Profile
VirZOOM Founder Eric Janszen on the Future of Fitness
Regular exercise may be beneficial, but it can also require motivation. Most Americans have just about an hour and a half of free time a day. After a long day at work, the prospect of lifting weights or taking a jog can easily feel like a chore.By combining virtual reality (VR) and miles of Google Street View scenery, VirZOOM makes at-home workouts something to look forward to. Oculus Quest users only need to download the VZfit app and hop onto any stationary cycling machine, and they can speed across the virtual world alone or with friends. We reached out to co-founder and CEO Eric Janszen to hear more about the origins of the company and its goals for the future.
Note: This interview was conducted over phone and email. It has been lightly edited for clarity and length.