Disclosures

  • SeedInvest’s due diligence process is no guarantee of success or future results. All investors should carefully review each investment opportunity and cancel their subscription within the allotted time-frame if they do not feel comfortable making any specific investment based on their own DD. Learn more about due diligence on the SeedInvest Blog (https://www.seedinvest.com/blog/angel-investing/how-to-assess-an-investment) and our vetting process in our FAQs (https://intercom.help/seedinvest/en/).

  • SeedInvest’s selection criteria does not suggest higher quality investment opportunities nor does it imply that investors will generate positive returns in investment opportunities on SeedInvest. Learn more about due diligence on the SeedInvest Blog (https://www.seedinvest.com/blog/angel-investing/how-to-assess-an-investment) and our vetting process in our FAQs (https://intercom.help/seedinvest/en/).

  • Diversification is only across multiple early-stage investment opportunities within the asset class. There is no guarantee that this program will lead to a well-balanced portfolio of companies across industry types or stages across the asset class. In addition, enrolling in this program will not lead to diversification across your entire investment portfolio. In order to achieve diversification, we do not recommend you allocate more than 10% of your entire investment portfolio to alternative assets.

  • Testimonials may not be representative of the experience of others and are no guarantee of future performance or success. No individuals were compensated in exchange for their testimonials.

Campaign Spotlight: Virtuix

 

Virtuix, a Mark Cuban-backed technology company, is the developer of an omni-directional treadmill allowing users to walk and run inside popular games and virtual worlds. Virtuix is a SeedInvest veteran (this Reg A+ campaign was the company’s fifth successful raise on SeedInvest). The latest campaign, which concluded on April 2nd, was a massive success – the company became the platform’s largest reservation campaign in history with over $9M in reserved shares before the company received SEC qualification. After that, the company went on to oversubscribe its $15M Series A-2 round by $3M. To date, Virtuix has raised over $22M on the SeedInvest platform.

Funds from this past round will be used to bring the Omni One, the company’s at-home omni-directional treadmill, to market. This is especially timely as the COVID-19 pandemic has boosted demand for at-home physical activity. With the Omni One, users will be able to burn calories while playing their favorite games at home.

● Amount Raised on SeedInvest: $15M
● Offering Type: Reg A+
● Round Size: $15M

We asked Virtuix’s CEO Jan Goetguluk about his experience raising on SeedInvest below:

SeedInvest: How did you find out about SeedInvest and what led you to choose this route of fundraising?
Jan Goetguluk: Crowdfunding works well for our product, the Omni, which is visually exciting and appealing to a wide audience. Not only did we raise $15M in investment funds, but we also built a community of early customers and evangelists for Omni One, our upcoming home product.

SeedInvest: What did you most value about fundraising on SeedInvest, and working with our team?
Jan Goetguluk: SeedInvest has a large and high quality pool of investors, and their website, featuring investment opportunities, has impressive foot traffic. A large part of the investment funds in our campaign came from existing SeedInvest investors who learned about our opportunity organically through SeedInvest.

SeedInvest: What was the greatest challenge you faced around fundraising? If you had to do it all over again, what would you approach differently?
Jan Goetguluk: Our SEC qualification took much longer than anticipated and nearly derailed our campaign. This process cannot be taken for granted and needs complete management attention.

SeedInvest: If you could give one piece of advice to an entrepreneur looking to raise on SeedInvest what would it be?
Jan Goetguluk: You have to put in the work. Investment funds never show up magically. A brilliant video is key.

SeedInvest: Now that you’ve had a successful raise, what does the next few months look like for Virtuix?
Jan Goetguluk: We are 100% focused on bringing Omni One to market and making this product insanely great.

This post was written by Alexandra Tynion on April 14, 2021

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