Virtuix is the developer of the Virtuix Omni™, the first ever virtual reality interface for moving freely and naturally in virtual worlds. The Omni is a patent pending omni-directional treadmill that enables the user to walk, run, and jump in 360 degrees in video games.
Moving naturally in virtual reality creates an unprecedented sense of immersion that cannot be experienced sitting down.
Virtuix raised $1.1 million on Kickstarter for the Omni, closed a $3MM seed round in April 2014 with investors including Mark Cuban, Scout Ventures, Maveron, and Tekton Ventures. among others, and has sold close to 4,000 units to date.
Founder and CEO Jan Goetgeluk has a Masters in Mechanical Engineering and an MBA from Rice University in Houston. Jan started developing the Virtuix Omni 2.5 years ago when he was working as an Investment Banker with JP Morgan. He would often come home from work after midnight and work another few hours on the Omni. Finally in February 2013, after two years of researching, experimenting, and prototyping, Jan decided to leave his full-time job and founded Virtuix to bring the Omni to market. Jan launched the Omni Kickstarter campaign in June 2013, raising $1.1 million from 3,249 Kickstarter backers.
Shortly after the successful Kickstarter campaign, Jan was joined by COO and President David Allan, a native Canadian who has lived in China for the last 20 years, working as an executive in the Asian manufacturing industry for companies like Flextronics. David speaks fluent Mandarin and is instrumental in getting the Omni manufactured in China.
The team was also joined by Nestor Hernandez, Director of Software Development, and Tim Steckler, Director of Hardware. Nestor has more than 30 years of software development experience and was previously with Polycom. Tim has more than 15 years of hardware experience and worked previously for AMD.
Together, Jan, David, Nestor, and Tim form the experienced leadership team of Virtuix that will establish Virtuix as the leader in next generation virtual reality hardware and platform software.
Frequently Asked Questions
When you complete your investment on SeedInvest, your money will be transferred to an escrow account where an independent escrow agent will watch over your investment until it is accepted by Virtuix. Once Virtuix accepts your investment, and certain regulatory procedures are completed, your money will be transferred from the escrow account to Virtuix in exchange for your shares. At that point, you will be a proud owner in Virtuix.
Preferred equity is usually issued to outside investors and carries rights and conditions that are different from that of common stock. For example, preferred equity may include rights that prevent or minimize the effects of dilution or grants special privileges in situations when the company is sold.
A convertible note is a unique form of debt that converts into equity, usually in conjunction with a future financing round. The investor effectively loans money to a startup with the expectation that they will receive equity in the company in the future at a discounted price per share when the company raises its next round of financing.
To learn more about startup investment types check out “How to Choose a Startup Investment” in our academy.
To make an investment, you will need the following information readily available:
- Personal information such as your current address and phone number
- Employment and employer information
- Net worth and income information
- Social Security Number or government-issued identification
- ABA bank routing number and checking account number (typically found on a personal check or bank statement)
Because Virtuix is offering its securities under Rule 506(c) of Regulation D, your status as an Accredited Investor will also need to be verified and you will be asked to provide documentation supporting your income, net worth, revenue, or net assets or a letter from a qualified advisor such as a Registered Investment Advisor, Registered Broker Dealer, Lawyer, or CPA.
Until a closing occurs, you may cancel your investment at any time, for any reason. You will receive an email when the closing occurs and your shares have been issued. If you have already funded your investment and your funds are in escrow, your funds will be promptly refunded to you upon cancellation. To cancel your investment, please go to your portfolio page.
Currently there is no market or liquidity for these shares. Right now Virtuix does not plan to list these shares on a national exchange or another secondary market. At some point Virtuix may choose to do so, but until then you should plan to hold your investment for a significant period of time before a “liquidation event” occurs. A “liquidation event” is when Virtuix either lists their shares on an exchange, is acquired, or goes bankrupt.
You can return to SeedInvest at any time to view your portfolio of investments and obtain a summary statement.
This is Virtuix's fundraising profile page, where you can find information that may be helpful for you to make an investment decision in their company. The information on this page includes the company overview, team bios, and the risks and disclosures related to this investment opportunity.
This investment is highly speculative and should not be made by anyone who cannot afford to risk the entire investment amount. In addition to these risks, you should carefully consider the specific information and risks disclosed in Virtuix’s profile.