Immersed

Neutral
BETA

VR Offices (Partnered with Facebook). Work from anywhere with anyone.

Analytics

Raised to Date: $1,070,000

Aggregate Commitments $
Platform

Wefunder

Start Date

07/16/2020

Close Date

08/07/2020

Min. Goal

$250,000

Max. Goal

$1,070,000

Min. Investment

$100

Security Type

SAFE

Funding Type

RegCF

Series

Seed

Valuation Cap

$10,000,000

Discount Rate

0%

Weekly Commitments $
Status
Funded
Reporting Date

08/09/2020

Days Remaining
Funded
% of Min. Goal

428%

% of Max. Goal

100%

Likelihood of Max
Funded
Avg. Daily Raise

$48,636

# of Investors

1,521

Momentum
Funded
Location

Austin, TX

Industry

Business Services, Software, & Applications

Tech Sector

EnterpriseTech

Distribution Model

B2B/B2C

Margin

High

Capital Intensity

Low

Business Type

High Growth

Immersed, with a $10 million valuation cap, is raising crowdfunding on Wefunder. The technology of Immersed allows users to work together, even while working remotely. It allows users to work together, whiteboard, and pair-program, just like working together in-person. Immersed was founded by Renji Bijoy in 2017 and has raised over $2 million since its founding. The proceeds of the current crowdfunding round, with a minimum target of $250,000 and a maximum target of $1,070,000, will be used for tech infrastructure costs, equipment, hiring, travel and conferences, and legal and operating costs. Immersed has partnered with Facebook to launch to millions of Oculus users in the next few weeks. The technology is highly advanced and allows co-workers to teleport to each other’s virtual offices to collaborate.

Summary Profit and Loss Statement
Most Recent Year Prior Year

Revenue

$6,015

$0

COGS

$0

$3,378

Tax

$0

$0

 

 

Net Income

$-467,204

$-318,875

Summary Balance Sheet
Most Recent Year Prior Year

Cash

$2,683

$383,072

Accounts Receivable

$66

$305

Total Assets

$15,315

$395,440

Short-Term Debt

$60,982

$11,654

Long-Term Debt

$825,501

$0

Total Liabilities

$886,484

$799,405

Ratings

last updated 08/23/2020

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