Immersed

VR Offices (Partnered with Facebook). $1.2M Raised But You Can Still Invest!

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Form C
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Security Type
Convertible Note
Categories
Technology, Service Businesses, Financial Services, Community & Lifestyle, Other, VC-Backed
Min Investment
$1,000
Location
Austin, TX
Offering Date
July 17, 2020
Expected Close Date
April 30, 2025
Target Raise
$100.00K-$2.21M
No. Investors
592
Security Price
$1
Valuation
$100,000,000
Website
immersedvr.com
Number of Employees
26
Cash
$1,589,997
Revenue
$220,413
Short Term Debt
$2,678,785
Cost of Goods
$72,068
Long Term Debt
$450,000
Net Income
$-5,307,684

Key Deal Facts

$2.1M raised on THIS campaign!
Partnership with Facebook to roll out to millions of Oculus users in the next few weeks.
Went through Techstars Chicago '17 and previously raised almost $2M.
The average Immersed power-user works 35+ hrs each week using Immersed.
CEO was the lead architect @ several Fortune 500 companies. Team from Google, Microsoft, and YC.
Advisors include Daniel Ha, founder of Disqus, & Jake Thomsen, partner at Sovereign's Capital.
Users have 5 virtual screens + a virtual whiteboard in a distraction-free private virtual office.
Co-workers can teleport into each other’s virtual offices to collaborate when needed.
Amount Raised : $2,818,862
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Security Description

A convertible security is a security that can be converted into another security, typically equity in the next round of financing.

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