VirZOOM
The future of fitness, in partnership with Facebook!
Analytics
Raised: $1,340,816
Aggregate Commitments $
Platform
Wefunder
Start Date
09/22/2021
Close Date
04/30/2023
Min. Goal
$100,000
Max. Goal
$4,497,094
Min. Investment
$500
Security Type
Equity - Preferred
Funding Type
RegCF
Series
Series A
Price Per Share
$0.49
Pre-Money Valuation
$30,499,157
Rolling Commitments $
Status
Active
Reporting Date
05/23/2022
Days Remaining
342
% of Min. Goal
1,341%
% of Max. Goal
30%
Likelihood of Max
Avg. Daily Raise
$5,518
Momentum
Log in or create a free account today to gain access to KingsCrowd analytics.
Founder Profile
Location
Cambridge, Massachusetts
Industry
Fitness & Wellness
Tech Sector
Hardwaretech
Distribution Model
B2C
Margin
High
Capital Intensity
High
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
Log in or create a free account today to gain access to KingsCrowd analytics.
Raise History
| Offering Name | Close Date | Platform | Valuation/Cap | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|---|
| VirZOOM | 04/30/2023 | Wefunder | $30,499,157 | $1,340,816 | 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 |
Log in or create a free account today to gain access to KingsCrowd analytics.
Upgrade to gain access
Pay Monthly
Annually (Save 17%)
-
$8.33 /month
billed annually - Free portfolio tracking. Limited reports and filters.
- Plan Includes:
- Everything in Free, plus
- Advanced company search ( limited filters)
- Founder profiles and exclusive webinars
- 2 Analyst Reports per month
- Get Starter Annual
Starter
-
$25 /month
billed annually - Unlimited analyst reports and market analytics.
- Plan Includes:
- Everything in Starter, plus
- Full access to all Analyst Reports
- Filter on Analyst Reports (e.g. Top Deal, Deal to Watch, etc.)
- Market Analytics
- Get Pro Annual
Pro
-
$41.67 /month
billed annually - Full site access including KingsCrowd ratings.
- Plan Includes:
- Everything in Pro, plus
- Search and filter companies by KingsCrowd ratings
- Company specific
KingsCrowd rating and risk assessment
- Get Merlin Annual
Merlin
Already a member? Log in here.
Ratings 
