Virtuix, Creator of Omni Virtual Treadmill, Closes on $3 Million Investment

Virtuix-Omni-Duel-2TLed by Tekton Ventures and Maveron are among the chief investors, Virtuix, the developer of the anticipated Omni virtual reality treadmill, has announced that it has completed a $3 million seed investment round designed to expand production and distribution of the Omni.   The fundraising initiative was listed on equity crowdfunding portal SeedInvest.  Additional investors in the seed round include;  Scentan Ventures, Radical Investments, Scout Ventures, StartCaps Ventures and a group of private investors.

Virtuix’s patent-pending, omni-directional treadmill enables the user to walk, run, and jump within a 360-degree virtual environment, creating an unprecedented sense of immersion and presence within virtual Jan Goetgelukworlds that could span areas such as gaming, fitness, tourism, and social gatherings.

 “Virtual reality technology has finally caught up to the vision consumers have had for decades,” Virtuix CEO Jan Goetgeluk said. “The Omni transforms seated virtual reality into a fully immersive, active experience. These funds ensure that we can deliver a great virtual reality platform to our passionate existing community as well as to new audiences and markets that are emerging every day.”

Tekton Ventures, a seed stage venture fund based in San Francisco, is one of the lead investors in this round. “We believe Virtuix’s virtual reality technology will not only disrupt the immersive gaming landscape but will enable even more useful, personal and entertaining experiences in areas beyond gaming: training and simulation, fitness, medical, military,” said Jai Choi, Founder and Managing Partner of Tekton Ventures. “The Omni is just scratching the surface to the possibilities and we’re honored to be working with Jan and the Virtuix team.”

“When I demoed the Omni at the Game Developers Conference this year, I glimpsed the future of virtual reality,” said David Wu, Partner at Maveron. “The full body experience was so real that when I finished, my heart was pounding, my legs were tired, and I was completely transported into another world. This technology has the ability to deliver immersive experiences to consumers in a way never before possible.”

Virtuix’s latest round comes less than a year after the $1.1 million it raised via Kickstarter to launch the company and development of the Omni. In the spirit of the company’s crowdfunding roots, Virtuix listed its current round on SeedInvest, a leading equity crowdfunding platform that connects accredited investors with rising companies seeking funding.

Virtuix has pre-sold more than 3,000 Omnis to date and will begin delivering units later this summer.



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