InfiniteVR
Growth Stage
A platform that connects people with future technologies such as VR, AR, and AI
Overview
Raised: $318,413
Total Commitments ($USD)
Platform
Wefunder
Start Date
07/14/2020
Close Date
09/25/2020
Min. Goal
$50,004
Max. Goal
$499,999
Min. Investment
$250
Security Type
Equity - Preferred
Series
Seed
SEC Filing Type
RegCF
Price Per Share
$4.93
Pre-Money Valuation
$4,500,000
Rolling Commitments ($USD)
Status
Funded
Reporting Date
09/29/2020
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$4,422
# of Investors
72
Momentum
Funded
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Year Founded
2016
Industry
Consumer Products, Goods & Services
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
High
Capital Intensity
Low
InfiniteVR, with a pre-money valuation of $4.93 million, is raising funds on Wefunder. The platform connects people with future technologies, including VR, AR, and AI, and helps bridge the gap between technology companies and consumers. The consumers get to experience the new technology through exciting demonstrations and get to purchase their favorite items on the spot. InfiniteVR was founded by Osman Fatih Aysu and has raised over $280,000 since its founding. The current crowdfunding campaign of the company has a minimum raise of $50,004 and a maximum raise of $499,999. The proceeds will be used for marketing, opening new locations, and hiring digital marketers and business development specialists. InfiniteVR has been profitable since its first year and has generated $4.75 million in lifetime revenue.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$1,078,150 |
$1,981,026 |
|
COGS |
$159,522 |
$398,573 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$58,232 |
$87,010 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$64,205 |
$105,684 |
|
Accounts Receivable |
$39,898 |
$0 |
|
Total Assets |
$208,979 |
$184,176 |
|
Short-Term Debt |
$112,896 |
$62,082 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$112,896 |
$62,082 |
Financials as of: 07/14/2020
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