Virtuix Nears $10 Million in Indicated Investor Interest

Virtuix, creator of the Omni a 360º virtual reality motion platform, launched a Test the Waters (TTW) campaign as a precursor to a Regulation A+ equity crowdfunding offer last week.  In the past 7 days, Virtuix has garnered almost $10 million in investor interest as it nears its maximum target of a $15 million funding round.

 

Virtuix’s mission is to be the leading platform for Active Virtual Reality, which includes any VR application that requires first­-person navigation in­game, such as walking or running. Good examples of Active VR include first­person shooters, first­person adventure or exploration games, and any non­gaming applications that require first­person navigation like omni_product by Virtuixtraining simulations, real estate walk­throughs, or virtual tourism. Virtuix is the first company to bring an active motion product to the market just as the fabled Oculus Rift headset is taking preorders and is scheduled to commence shipping on March 28th. Production of the Omni began in Q4 of 2015. Early investors include several prominent VCs and shark-tank personality Mark Cuban.

Regulation A+ allows anyone to invest in equity crowdfunded offers unlike its brethren Title II of the JOBS Act. The relatively new exemption allows potential issuers the abililty to use TTW to gauge investor interest prior to completing a funding round.  The big question, of course, is how many individuals that indicate interest to invest – stick around to write the check. The offer is posted on SeedInvest where you may review the Preliminary Offering Circular which outlines the details of the potential offer.  

 


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