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Security Type
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Common Stock
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Categories
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Sports & Fitness
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Min Investment
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$493
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Offering Date
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October 21, 2022
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Expected Close Date
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January 19, 2023
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Target Raise
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$9.99K-$5.00M
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No. Investors
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13
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Security Price
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$17.59
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Valuation
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$81,992,971
- Number of Employees
- 31
- Cash
- $6,637,655
- Revenue
- $3,741,702
- Short Term Debt
- $1,038,773
- Cost of Goods
- $5,409,400
- Long Term Debt
- $5,344,891
- Net Income
- $-14,019,367
Company Description
Liteboxer is an at-home virtual reality workout that is bringing real fitness to the metaverse. We make it possible to get an effective and interactive 1:1 trainer workout from the convenience of your home; beyond the confines of a 2D screen. No additional hardware is required, just a VR headset, and a will to win. We are currently in the market with 600K+ app downloads since March 2022, and we’re listed as one of the most popular apps in the Meta Quest store.
Perks
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$492+ Investment
Owner's Bonus
Earn 10% bonus shares in this investment and all eligible investments for an entire year. If you are not already an Owners bonus holder, you can join now, for $275, billed annually.
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Super Early Bird Bonus
Invest within the first week and receive 10% bonus shares
6
days
14
hours
54
mins
34
secs
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$1,000+ Investment
$1,000+ Invest $1,000 and receive a 50% discount on a one year All-Access Membership
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$5,000+ Investment
$5,000+ Invest $5,000 and receive 5% bonus shares + 50% discount on a one-year All Access Membership + 50% store-wide discount*
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$10,000+ Investment
$10,000+ Invest $10,000 and receive 10% bonus shares + 50% discount on a one-year All Access Membership + 50% store-wide discount*
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$25,000+ Investment
$25,000+ Invest $25,000 and receive 15% bonus shares + 50% discount on a one-year All Access Membership + 50% store-wide discount*
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$50,000+ Investment
$50,000+ Invest $50,000 and receive 20% bonus shares + 50% discount on a one-year All Access Membership + 50% store-wide discount*
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$100,000+ Investment
$100,000+ Invest $100,000 and receive 25% bonus shares + 50% discount on a one-year All Access Membership + 50% store-wide discount*
Key Deal Facts
TRACTION: We have over 600K app downloads, over 1000 available workouts, an exclusive deal with Universal Music Group for the most popular music, and over 660K social followers across IG, TT, and YT. We're in partnership discussions with some of the biggest fitness brands to leverage our technology, and have been featured in publications such as: The Rolling Stone, the Wall Street Journal, the New York Times, Engadget, and Wired.
CATEGORY GROWTH: The interactive-fitness market is expected to grow by $5.44 billion between 2020 and 2024 and the growth rate of the gaming industry is higher than that of all other entertainment industries.* The VR space is seeing billion-dollar investments and new headsets are due to launch soon from Meta, Pico, Playstation, and more. Headset hardware will improve and the market will continue to grow.
PATENTS & IP: We have a robust patent portfolio around our immersive rhythm technology as well as unique patents in the Mixed Reality space. This IP forms a moat around our current and future offerings. Our Mixed Reality patents will allow you to sync surfaces of any 3rd party fitness equipment to your headset to make them usable in the metaverse.
Management Team / Advisory Board Bios
Steven J. Bell
Chief Financial Officer
Steve has led the finance function at many successful high-tech startups over the last 25 years including Vertica Systems, Recorded Future and Sophos Software. He also lead successful exits at Desktop Standard and Kensho Technologies. Steve holds BBA in Accounting from UMass Amherst and a MBA in Finance from Fordham University.
Isaiah Kacyvenski
Board Member
Co-Founder and Managing Partner at Will Ventures.
Kevin Ken Tsujihara
Board Member
Kevin Tsujihara is a seasoned entertainment executive and investor with over 25 years of industry experience.