Virtuix, the creator of the Omni One platform that allows gamers to better interact with virtual worlds, has surpassed $11 million in funding using Reg A+. The securities offering is being hosted on SeedInvest and over 4000 investors have backed the offering which has a pre-money valuation of $65 million and a per-share price for preferred equity of $2.99. The minimum investment is $1,000 and includes a benefit of 20% off if you decide to purchase an Omni One. The offering is scheduled to close on April 2nd.
According to a note from Virtuix, the offering has broken SeedInvest records for the speed of the raise.
Jan Goetgeluk, founder and CEO of Virtuix, said they are thrilled and humbled by the investor backing:
“Given that many of our new investors are also eager customers who plan to buy Omni One for their homes, our success on SeedInvest signals strong market demand for Omni One.”
Goetgeluk told Crowdfund Insider that raising capital on SeedInvest has worked well.
“SeedInvest is the perfect platform for this Omni One campaign. Not only are we raising investor funds, but given that many of the investors are also eager customers, we’re also assembling a community of day-one customers and evangelists of Omni One. That’s highly valuable to us at this stage of our new product.”
The Omni One currently costs $1995 for a complete system. The company says that it comes with its own game store with 30 titles at launch, including games developed by Virtuix alongside games from third parties.
For $995, Virtuix will offer a “dev kit” package that comes without a VR headset.
Since its inception, Virtuix reports having raised over $30 million in funding and has shipped over $10 million worth of commercial Omni systems. Virtuix highlights the fact that Mark Cuban is an early investor.
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