Virtuix

Neutral
BETA

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

Analytics

Raised to Date: $8,142,219

Aggregate Commitments $
Platform

SeedInvest

Start Date

10/09/2020

Close Date

02/28/2021

Min. Goal

$1,000,000

Max. Goal

$10,000,000

Min. Investment

$998

Security Type

Equity - Preferred

Funding Type

RegA+

Valuation

$65,000,000

Weekly Commitments $
Status

Active

Reporting Date

01/17/2021

Days Remaining

40

% of Min. Goal

814%

% of Max. Goal

81%

Likelihood of Max
Avg. Daily Raise

$81,422

# of Investors

3,355

Momentum

Virtuix, with a pre-money valuation of $65 million, is raising crowdfunding on SeedInvest through Reg A+ crowdfunding. 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. Virtuix is led by Jan Goetgeluk and David Allan and has raised over $20 million in previous rounds of financing. The proceeds of the current crowdfunding round, with a minimum raise of $1,000,000 and a maximum raise of $10,000,000, will be used for sales and marketing, general and administrative expenses, and research and development. Virtuix doubled its revenues in FY ’20 and has shipped over 3,500 commercial Omni systems to 45 countries.

Balance Sheet

Cash and Cash Equivalents

$152,376

Investment Securities

$0

Total Investments

$0

Accounts and Notes Receivable

$236,741

Loans

$0

Property, Plant and Equipment (PP&E)

$352,944

Property and Equipment

$0

Total Assets

$2,224,715

Accounts Payable & Accrued Liabilities

$1,238,383

Policy Liabilities and Accruals

$0

Deposits

$0

Long Term Debt

$243,213

Total Liabilities

$5,599,103

Total Stockholders' Equity

$-3,374,388

Total Liabilities and Equity

$2,224,715

Statement of Comprehensive Income Information

Total Revenues

$3,855,193

Total Interest Income

$0

Costs & Expenses Applicable to Rev

$2,949,851

Total Interest Expenses

$0

Depreciation and Amortization

$184,510

Net Income

$-3,580,222

Earnings Per Share - Basic

$-1

Earnings Per Share - Diluted

$-1

Auditor: Artesian CPA, LLC

Analyst Report

Neutral
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