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Security Type
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Preferred Stock
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Categories
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Other
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Offering Date
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May 21, 2019
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Expected Close Date
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August 19, 2019
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Target Raise
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$200.00K-$1.07M
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Deal Notes
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$0.05 per share
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Valuation
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$14,700,000
Company Description
Bring your Office into Virtual and Augmented Reality
Perks
$1,000+ for Meet in virtual reality (using the vSpatial application) with the full-time co-founders and team members (investor must have required equipment). Enjoy an in-depth tour of the product and a behind-the-scenes look at the development roadmap.
$10,000+ Become a vSpatial user! vSpatial will send you 1 VR headset which is yours to keep and give you free unlimited use of vSpatial for yourself and 3 of your friends or team for one year. Enjoy early access to new features and be a part of providing feedback and guidance on the future of the product.
$25,000+ A trip for 1 to corporate HQ (accommodations and local transportation included; airfare not included) to meet the team plus all of the perks of the previous tiers but with free unlimited use of vSpatial for you and 3 of your friends or team for 5 years!
Key Deal Facts
TRACTION: 30,000 users. 4,000 virtual meetings, 107 countries.
TEAM: Founders are ex-Cisco executives and pioneers in the enterprise collaboration and AR/VR spaces.
VISION: Help humanity work from anywhere.
BENEFITS: Reduces: time spent commuting, cost of office space/equipment, and business travel. Enhances your interactions with work and people.
EXPOSURE: Named by industry analyst Gartner as a vendor for immersive workspaces alongside Facebook, Microsoft, Google, HTC, and Cisco.
Lead Investor: Anonymous invested $400,000 on these terms
Use of Proceeds
Operational and working capital, Expand sales and marketing efforts
Management Team / Advisory Board Bios
John Sallaway - CEO
We should be passionate about our jobs AND our personal lives and they should get the very best from us. We should not have to sacrifice one for the other. vSpatial is the platform that helps us be great at both!
Richard Platt - Founder/President
I've been a co-founder of past successful startups. However, I'm most passionate about vSpatial as well as the principles behind Wefunder -- passionate enough to substantially invest alongside Wefunder investors, and continue my nominal salary.