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Virtuix

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

Virtuix is accepting investments for an Offering under Regulation D through SI Securities, LLC ("SI Securities"). SI Securities is an affiliate of SeedInvest Technology, LLC, a registered broker-dealer, and member FINRA/SIPC. SI Securities will receive cash compensation equal to 8.50% of the value of the securities sold and equity compensation equal to 0.00% of the number of securities sold. This profile may contain forward-looking statements and information relating to, among other things, the company, its business plan and strategy, and its industry. These statements reflect management’s current views with respect to future events based on information currently available and are subject to risks and uncertainties that could cause the company’s actual results to differ materially. Investors are cautioned not to place undue reliance on these forward-looking statements as they are meant for illustrative purposes and they do not represent guarantees of future results, levels of activity, performance, or achievements, all of which cannot be made. Moreover, no person nor any other person or entity assumes responsibility for the accuracy and completeness of forward-looking statements, and is under no duty to update any such statements to conform them to actual results.


Company Highlights

  • Doubled revenues in FY ’20 ending 3/31/2020 and have shipped over 3,500 commercial Omni systems to 45 countries
  • Raised over $35 million in capital to date from Mark Cuban, 12 venture funds including Maveron and Scout Ventures, and 4 successful SeedInvest rounds
  • Hosted over 1 million plays, with player base growing by over 45% a month on average since March 2019, reaching 60,000 registered players in August 2020
  • Built IP portfolio of 15 issued patents and 5 pending patents that cover mechanical design, motion tracking, and game integration
  • Management team and advisory board bring over 100 years of gaming and hardware industry experience at notable businesses including Activision, Dave & Busters, and Guitar Hero

Fundraise Highlights

  • Total Amount Raised: US $1,214,929
  • Total Round Size: US $2,177,058
  • Raise Description:  Series A-2
  • Minimum Investment:  US $4,997 per investor
  • Security Type:  Preferred Equity
  • Pre-Money valuation :  US $65,000,000

“I believe in the Virtuix team and product. Now is the time to bring the popular Omni gaming experience to the home.” – Mark Cuban, Virtuix investor


Solving the movement problem

Moving around virtual worlds by pushing buttons on a controller feels unnatural, static, and limiting. To experience true virtual reality (“VR”), you need to walk around virtual worlds as you do in real life – using your own feet. That’s why we developed the Omni.

Backed by Mark Cuban and other major investors, the Omni is the first-of-its-kind motion platform that lets players walk and run in 360 degrees inside VR games and other virtual worlds. The Omni’s immersive experience takes VR to the next level. The system was even portrayed in Steven Spielberg’s Ready Player One.

What we’ve achieved so far

Omni Pro, the commercial version of the Omni, and Omni Arena, a multiplayer configuration, have become global entertainment hits. We doubled our revenues last year and have shipped over $10 million worth of product (3,650 systems to 45 countries) to entertainment venues like Dave & Buster’s.

Thanks to the Omni’s popularity at over 500 venues on 5 continents, we’ve built a large and devoted player community (1 million plays... and counting).

Introducing Omni One

Last year, in response to demand from Omni fans, we began developing “Omni One,” a consumer version of the Omni that’s optimized for home use – light, easy to store, and with unmatched freedom of movement (incl. crouching and jumping).

Omni One is a complete entertainment system whose business model includes recurring revenues from monthly subscriptions and game sales. Its online game store sells games developed by Virtuix and top titles licensed from third parties.

Join us

The thrill of walking around inside videogames has blown the minds of players at our commercial venues. We plan to take our success in commercial entertainment and scale it into the home. Join our mission to launch Omni One and bring our popular gaming experience to millions of homes around the world.

Pitch Deck

Media Mentions

The Team

Founders and Officers

Jan Goetgeluk

Chief Executive Officer

Jan built the first Omni prototype while working as an investment banker at J.P. Morgan in Houston and New York. Soon after, he left the finance world to commercialize his invention by founding Virtuix. Jan heads multiple functions at Virtuix, including sales and marketing, product management, finance, and overall business strategy. Under his leadership, Virtuix has become a leading hardware innovator and content-creation studio.

Jan holds Bachelor and Master of Science degrees in Mechanical Engineering from the University of Ghent in Belgium, and an MBA degree from Rice University in Houston.

Jan Goetgeluk

Chief Executive Officer

Jan built the first Omni prototype while working as an investment banker at J.P. Morgan in Houston and New York. Soon after, he left the finance world to commercialize his invention by founding Virtuix. Jan heads multiple functions at Virtuix, including sales and marketing, product management, finance, and overall business strategy. Under his leadership, Virtuix has become a leading hardware innovator and content-creation studio.

Jan holds Bachelor and Master of Science degrees in Mechanical Engineering from the University of Ghent in Belgium, and an MBA degree from Rice University in Houston.

David Allan

President and COO

Before joining Virtuix, David served as vice president of ERP Power, a California hardware startup, where he set up Asian manufacturing operations and helped grow the business to $50 million in sales, 700 employees, and the eventual sale to a private-equity acquirer. Earlier at Flextronics, a Fortune 500 manufacturer, David handled large-scale manufacturing programs serving top-tier customers like Apple and Dell. At Virtuix, David leads the global engineering and operations teams.

David speaks fluent Mandarin and divides his time between Taiwan and China. He holds a Bachelor of Applied Science in Systems Design Engineering from the University of Waterloo in Canada.

David Allan

President and COO

Before joining Virtuix, David served as vice president of ERP Power, a California hardware startup, where he set up Asian manufacturing operations and helped grow the business to $50 million in sales, 700 employees, and the eventual sale to a private-equity acquirer. Earlier at Flextronics, a Fortune 500 manufacturer, David handled large-scale manufacturing programs serving top-tier customers like Apple and Dell. At Virtuix, David leads the global engineering and operations teams.

David speaks fluent Mandarin and divides his time between Taiwan and China. He holds a Bachelor of Applied Science in Systems Design Engineering from the University of Waterloo in Canada.

Key Team Members

Doug Shuffield

Director of Engineering

Cameron Slayter

Creative Director

Notable Advisors & Investors

Mark Cuban

Investor, Partner

Hero Entertainment

Investor, Strategic

Leyard

Investor, Strategic

Scout Ventures

Investor, VC

2020 Ventures

Investor, VC

Capital Factory

Investor, VC

Maveron

Investor, VC

MSR Capital

Investor, VC

Scentan Ventures

Investor, VC

Tekton Ventures

Investor, VC

Walden Woods Holdings
WTI

Investor, VC

Investor Perks

Invest $5,000 to $9,999

  • 20% discount on either an Omni One system ($400 discount) or dev kit ($200 discount)
  • You can transfer this discount as a gift card to friends or family. Investors who order Omni One will be among the first to receive their systems when available in their country and can participate in our beta program.

Invest $10,000 to $19,999

You will receive the following perks:

  • 20% discount on either an Omni One system ($400 discount) or dev kit ($200 discount)
  • 5 Omni One games of your choice (est. value $200)
  • 1 year of Omni Online, Omni One’s monthly subscription for online gameplay (est. value $180)
  • You can transfer these perks as a gift card to friends or family. Investors who order Omni One will be among the first to receive their systems when available in their country and can participate in our beta program.

Invest $20,000 to $49,999

You will receive the following perks:

  • A free Omni One system ($1,995 value)
  • 5 Omni One games of your choice (est. value $200)
  • 1 year of Omni Online, Omni One’s monthly subscription for online gameplay (est. value $180)
  • You can transfer these perks as a gift card to friends or family. Investors who order Omni One will be among the first to receive their systems when available in their country and can participate in our beta program.

Invest $50,000+

You’ll receive all benefits of the $20,000 tier plus a romantic trip for two to Austin, Texas, that includes the following:

  • Air travel for two people (within continental U.S.)
  • Accommodation in a 5-star hotel for 3 nights (1 room)
  • Massage and spa treatment for two
  • BBQ lunch or dinner with Virtuix’s CEO Jan Goetgeluk
  • Visit to Virtuix’s office to meet the team

It is advised that you consult a tax professional to fully understand any potential tax implications of receiving investor perks before making an investment.

Please note that due to share price calculations, some final investment amounts may be rounded down to the nearest whole share - these will still qualify for the designated perk tier. Additionally, investors must complete the online process and receive an initial email confirmation by the deadline stated above in order to be eligible for perks.

Frequently Asked Questions

Making an Investment in Virtuix
How does investing work?

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 securities. At that point, you will be a proud owner in Virtuix.


What is the difference between preferred equity and a convertible note?

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.


What will I need to complete my investment?

To make an investment, you will need the following information readily available:

  1. Personal information such as your current address and phone number
  2. Employment and employer information
  3. Net worth and income information
  4. Social Security Number or passport
  5. 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.


What if I change my mind about investing?

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 securities 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 by clicking your profile icon in the top right corner.


After My Investment
How can I sell my securities in the future?

Currently there is no market or liquidity for these securities. Right now Virtuix does not plan to list these securities 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 securities on an exchange, is acquired, or goes bankrupt.


How do I keep track of this investment?

You can return to SeedInvest at any time to view your portfolio of investments and obtain a summary statement.


Other General Questions
What is this page about?

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.


What are the risks of this investment?

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.