Virtuix

An Immersive Virtual-Reality Experience

Company Information

Website:

https://www.virtuix.com/

Sector:

Virtual Reality

Location:

Austin, TX

Moving around virtual worlds by pushing buttons on a controller is unnatural, static, and limiting. To experience true virtual reality, users need to move around virtual worlds as they do in real life — using their own feet.

That’s why Virtuix created the Omni.

Backed by Mark Cuban and a dozen venture capital firms, the Omni is the first motion platform that lets players walk and run in 360 degrees inside virtual reality games.

The Omni was featured in Steven Spielberg’s action movie “Ready Player One,” and is protected by 14 patents, which cover mechanical design, motion tracking, and game integration.

Virtuix has created the Omni Pro, the commercial version of the Omni, as well as the Omni Arena, a multiplayer configuration. The company has already sold more than $10 million worth of products to entertainment venues like Dave & Buster’s, an arcade-themed restaurant.

Most recently, Virtuix has started development on Omni One, a consumer version for use at home.

Team Background

David Allan - President & COO
Jan Goetgeluk - Chief Executive Officer

Co-Investors

2020 Ventures

A privately-held investing company for startups operating in technology, media, and finance.

Black Green Capital

A VC firm focused on investments in the internet services and communications markets.

Mark Cuban

“Shark Tank” investor and Co-Founder of Broadcast.com. Investor in the HourlyNerd, Upstart, SlideShare, Box and The Zebra.

Maveron

Consumer focused venture fund. Investments include eBay, Groupon and Shutterfly.

Scentan Ventures

A venture capital firm focused on startups in the information technology and internet services markets.

Scout Ventures

Early-stage VC. Portfolio includes Circa, BlackBook and InSparq.

Tekton Ventures

A seed-stage investment firm with investments in Chute, Truebil, Wove, and Sidecar Technologies.

Raising
$15 million
Committed
$6.07 million (40%)
Current Valuation
$65 million
Min. Investment
$998
Deal Type
Title III
(For all investors)
Offering Type
Equity
Finance History
  • $3 million
    2014-04-07
    Unknown
    (Pre-Seed)
  • $3 million
    2014-12-04
    Unknown
    (Seed)
  • $879K
    2015-05-06
    Unknown
    (Seed)
  • $7.33 million
    2016-03-22
    Unknown
    (Series A)
  • $3 million
    2018-05-01
    Unknown
    (Bridge)
  • $3 million
    2020-04-16
    Unknown
    (Bridge)
Notable Investors
  • 2020 Ventures
  • Black Green Capital
  • Mark Cuban
  • Maveron
  • Scentan Ventures
  • Scout Ventures
  • Tekton Ventures
Learn more on SeedInvest