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Min Investment
Offering Date
February 16, 2023
Expected Close Date
August 10, 2023
Target Raise
No. Investors
Security Price
Number of Employees
Short Term Debt
Cost of Goods
Long Term Debt
Net Income

Company Description

Virtuix designed and sells “Omni,” an omni-directional treadmill that lets players walk and run in 360 degrees inside VR games and other virtual worlds. We’ve earned over $16 million in revenue and are currently shipping our newest product, Omni One, for beta testing.

Key Deal Facts

Backed by major investors such as Mark Cuban, Maveron, and Scout Ventures, the Omni helps players experience true virtual reality by enabling 360-degree movement during VR gameplay.

We’ve sold over $16 million worth of products to major companies such as Dave & Buster’s, and we’ve raised over $35 million in previous financing rounds.

Our newest product, Omni One, is our first consumer system for the home. We started shipping beta units in January 2023, and we have a waitlist of over 35,000 interested customers.

Management Team / Advisory Board Bios

Jan GoetgelukChief Executive Officer & Board MemberJan built the first Omni prototype while working as an investment banker at J.P. Morgan in Houston and New York. Soon after, he left the finance world to commercialize his invention by founding Virtuix. Jan heads multiple functions at Virtuix, including sales and marketing, product management, finance, and overall business strategy. Under his leadership, Virtuix has become a leading hardware innovator and content-creation studio.
Jan holds Bachelor and Master of Science degrees in Mechanical Engineering from the University of Ghent in Belgium, and an MBA degree from Rice University in Houston.
David AllanPresident, COO & Board MemberBefore joining Virtuix, David served as vice president of ERP Power, a California hardware startup, where he set up Asian manufacturing operations and helped grow the business to $50 million in sales, 700 employees, and the eventual sale to a private-equity acquirer. Earlier at Flextronics, a Fortune 500 manufacturer, David handled large-scale manufacturing programs serving top-tier customers like Apple and Dell. At Virtuix, David leads the global engineering and operations teams.
David lives in Taiwan and speaks fluent Mandarin. He holds a Bachelor of Applied Science in Systems Design Engineering from the University of Waterloo in Canada., Michael Bradley McGovernBoard MemberBrad McGovern is the Managing Partner of Seitz, DeMarco & McGovern, CEO of ESP Ultrasound, and active investor in several companies. He gained valuable experience in the Investment Management Division of Goldman Sachs and the Assurance Department of Ernst & Young.
He holds a Bachelor of Business Administration in Finance and Accounting from Texas Christian University, a Masters of Accounting from Texas Christian University, and a Masters of Business Administration at Rice University.
Mike GriffithAdvisorMike Griffith is the former CEO and Vice Chairman of Activision, one of the world’s largest videogame publishers. He led Activision during the merger with Vivendi Games and the rise of Activision’s blockbuster “Call of Duty” franchise. Mr. Griffith is currently a Director of Dave & Buster’s.
Kai HuangAdvisorKai Huang was cofounder and CEO of RedOctane, the creators of Guitar Hero, a unique gaming system that became a multi-billion-dollar franchise acquired by Activision. Mr. Huang also co-founded Blue Goji, an interactive fitness company that combines hardware and software to make exercise more entertaining and rewarding.
Jianwei LiAdvisorJianwei Li is a U.S. & China VC specializing in growth strategies for innovative hardware products. He acquired Segway and turned chronic losses into a profitable new line of two-wheeled mobility products. Mr. Li was formerly Vice President of Sequoia Capital China.
Amount Raised : $1,114,137
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