Virtuix

Virtuix

Growth Stage

Creator of Omni, an omni-directional treadmill allowing users to walk and run inside popular games and virtual worlds

Creator of Omni, an omni-directional treadmill allowing users to walk and run inside popular games and virtual worlds

Overview

Raised to Date: Raised: $3,871,559

Total Commitments ($USD)

Platform

Dealmaker Securities

Start Date

03/20/2023

Close Date

09/06/2023

Min. Goal
$9,996
Max. Goal
$4,100,000
Min. Investment

$100

Security Type

Equity - Preferred

Series

Series B

SEC Filing Type

RegCF / RegD 506(c)    Open SEC Filing

Price Per Share

$6.22

Pre-Money Valuation

$170,629,157

Rolling Commitments ($USD)

Status
Funded
Reporting Date

09/29/2023

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$22,909

# of Investors

2,161

Momentum
Funded
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Year Founded

2013

Industry

Media, Entertainment & Publishing

Tech Sector

GamingTech

Distribution Model

B2B/B2C

Margin

Low

Capital Intensity

High

Location

Austin, Texas

Business Type

Growth

Virtuix, with a valuation of $170.6 million, is raising funds on Dealmaker Securities. The company is the creator of Omni, an omnidirectional treadmill that allows users to walk and run inside virtual worlds. Omni is a first-of-its-kind motion platform that enables players to walk and run in 360 degrees. The newest product of the company is Omni One, which the company started shipping in January 2023 and has a waitlist of over 35,000 interested customers. Virtuix has hosted over 3 million plays with its database of over 300,000 players and sold products worth more than $16 million. Jan Goetgeluk founded Virtuix in December 2013. The current crowdfunding campaign has a minimum target of $9,995.54 and a maximum target of $4.1 million. The campaign proceeds will be used for inventory, research and development, and general and administrative expenses.

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$3,709,966

$2,103,090

COGS

$3,128,272

$1,527,018

Tax

$36,889

$28,333

 

 

Net Income

$-4,703,384

$-3,845,456

Summary Balance Sheet

FY 2022 FY 2021

Cash

$5,809,264

$6,197,295

Accounts Receivable

$98,259

$195,861

Total Assets

$9,083,070

$7,760,032

Short-Term Debt

$2,420,011

$1,741,689

Long-Term Debt

$25,000

$24,669

Total Liabilities

$2,445,011

$1,766,358

Financials as of: 03/20/2023
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Virtuix 09/05/2023 Dealmaker Securities $170,629,157 $3,871,559 Equity - Preferred Funded RegCF / RegD 506(c)
Virtuix 03/16/2023 StartEngine $180,000,000 $1,116,207 SAFE Funded RegCF
Virtuix 04/24/2021 SeedInvest $65,000,000 $13,908,786 Equity - Preferred Funded RegA+
Virtuix 07/30/2016 SeedInvest $35,000,000 - Equity - Preferred Funded RegA+
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Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Valuation History

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Employee History

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Virtuix on Dealmaker Securities 2023
Platform: Dealmaker Securities
Security Type: Equity - Preferred
Valuation: $170,629,157
Price per Share: $6.22

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