Virtuix
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 $
SeedInvest
10/09/2020
02/28/2021
$1,000,000
$10,000,000
$998
Equity - Preferred
RegA+
$65,000,000
Weekly Commitments $
Active
01/17/2021
40
814%
81%
$81,422
3,355
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 |
Analyst Report
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