Armaga VR

Armaga VR

Amusement & Theme Park

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Security Type
Revenue Sharing
Categories
Entertainment
Min Investment
$100
Location
North Riverside, IL
Offering Date
May 26, 2021
Expected Close Date
July 30, 2021
Target Raise
$10.00K-$250.00K
Security Price
$1

Company Description

We offer a distinct blend of immersive entertainment for individuals and families at transport hubs, select retail and culturally significant venues.

Key Deal Facts

We maintain a vast library of virtual reality content across a diverse category of experiences.
Guests can expect to experience full-motion simulation, 360-degree roller coaster rides, car racing, feeling of weightlessness, wind and more at our virtual reality studios.
Six-degrees of freedom: Head-tracking technology allows the image in front of you to shift as you look up, down and side to side or angle your head.
Enjoy 180° to 360° degree roller-coaster rides and experience heart-throbbing inversions, venturesome tight turns, and daringly steep slopes.

Use of Proceeds

  • Acquire hardware: $235,000
  • Mainvest Compensation: $15,000

Management Team / Advisory Board Bios

Archie Thompson, Founder
Founder of an emerging virtual reality technology startup with experience from ideation to commercialization. Increased top-line revenue by 135% in 2020; despite headwinds from COVID-19.Negotiated and won contract at Chicago O’Hare Airport to open first in-terminal VR studio at O’Hare Airport (T5) late ‘19.Nominated for 2020 Best Innovative Consumer Experience Concept or Practice by ACI (Airports Council International).Manage a team of 10 direct reports to ensure financial targets are achieved.Education: Studied Business and Marketing in undergrad at St. Mary’s University of Minnesota; Finance at University of Chicago and Dominican University, River Forest, IL. Career: Founder of a recent tech startup and over 17 years of client advisory experience in Commercial Banking, Treasury, Cash Management and Equipment Finance (JP Morgan Chase, Citigroup, GE Capital/Element Corp).Family: My wife and I are raising our wonderful “Afro-Bavarian-Nordic” family in Illinois.Hobby: Few things are better to me than traveling the world and absorbing cultures. I have traveled across four Continents and multiple Countries (e.g., China, Australia, New Zealand, Ghana, Ivory Coast, England).Career Perspective: Firm believer in Requisite Variety; the notion that a healthy amount of diversity in learning and perspective is required to address complex problems as they emerge. My career experience in banking, finance and technology affords me a healthy mix of requisite variety that are easily translatable across various functions/verticals.
Amount Raised : $200
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Security Description

Revenue Sharing is a form of lending that involves sharing revenue from the business with investors as return on their investment. It is often a fixed percentage of revenue and you are paid until you earn a total return on your investment.

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