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AEXLAB

Operating

AEXLAB, Inc.

Media & Entertainment · Miami, DE · Founded 2021

A virtual reality technology studio.

Post-money valuation ⓘ
$111.4M
As of Feb 2026 · from Reg CF Offering (2025) · pre-money + amount raised, not a traded price
Total raised
$19,286,489
Crowd $5.6M · Private $13.7M · 7 rounds since 2021
Latest share price
$36.52
Reg CF · Class A Common Stock · Mar 2025 offering price

Financials

FY2018–FY2024 · from SEC filings · hover any figure for its source
$0
2018
$0
2019
$0
2020
$2.3M
−$2.9M
2021
$185K
−$3.3M
2022
$234K
−$3.7M
2023
$2.1M
−$4.2M
2024
RevenueNet income — beside revenue when positive, below the line when a loss
Metric
FY2018 reviewed
FY2019 reviewed
FY2020 reviewed
FY2021 audited
FY2022 audited
FY2023 audited
FY2024 audited
Income statement
Revenue
$0
$0
$0
$2,328,184
$185,017
$234,201
$2,132,102
Cost of goods sold
$0
$0
$0
$0
$0
$4,700,247
$7,560,464
Gross margin
—
—
—
100%
100%
-1907%
-255%
Net income
$0
$0
$0
-$2,917,989
-$3,331,229
-$3,675,269
-$4,244,625
Taxes paid
$0
$0
$0
$0
$0
$0
$0
Balance sheet
Cash
$0
$0
$0
$5,023,859
$3,574,847
$1,708,830
$700,468
Accounts receivable
$0
$0
$0
$0
$42,699
$276,087
$136,651
Total assets
$0
$0
$0
$8,425,727
$10,235,097
$10,539,228
$7,693,814
Short-term debt
$0
$0
$0
$0
$0
$686,778
$788,617
Long-term debt
$0
$0
$0
$0
$4,175,000
$8,061,901
$9,087,682
Total liabilities
$0
$0
$0
$0
$4,175,000
$8,748,679
$9,876,299
Other
Headcount
—
8
8
14
13
10
10

Figures as reported by the issuer in the filing shown on hover. Each year’s pill shows the assurance level of its filed statements — audited, reviewed (CPA review, less than an audit), or unaudited, as the filing’s own report or certification states it. A dashed pill marked * is inferred instead: the SEC minimum for an offering that size, which the issuer may have exceeded. No pill means we couldn’t tell. Headcount is the filing’s point-in-time count, not a year-end average. Manually corrected figures are marked “Corrected”.

Valuation over rounds

Pre-money — the valuation set before each round’s money came in
$12.0M
pre-money
$51.0M
pre-money
$108.2M
pre-money
$108.3M
pre-money
Reg CF · Common · Feb 2021
Reg CF · Common · Jul 2021
Reg CF · Common · Nov 2024
Reg CF · Class A Common · Mar 2025

Blue bars are the pre-money valuation the company stated for a priced round.

Share price over rounds

$36.52$18.26$6.00
Feb 2021Mar 2025
Round offering price or verified disclosed saleDisclosed sale, unverified or year-only

Disclosed sales come from the issuer's own filings (prior-offering lines, audited-statement notes) and are amount ÷ securities sold. A down round is a firm point more than 25 % below the previous firm point of the same share class on a comparable basis; the comparison ignores unverified and year-only lines.

Cap table

Principal holders% as the filing states it, Nov 1, 2024

  • Albert Ovadia614,131 Class B Common Stock24.9%of company
  • Jonathan Ovadia614,130 Class B Common Stock24.9%of company

Sold to the crowd

From the company's SEC filings: share counts per class, each class's voting and conversion terms, and the holders of 20% or more that Form C requires (officers and 10%+ holders on Form 1-A). Filings name only large holders, so most owners — including crowd investors — are not listed, and a holder's percentage may be of its own class rather than of the whole company. Prices and crowd share counts are in today's share terms — adjusted for splits and conversions since they were sold. Hover a figure for its filing.

Fundraising history

Raised $3.2M / $4.9MInvestors 232Post-money $111.4M
Raised $59.7K / $5MInvestors 21Post-money $108.3M
Raised $1.4M / $1.4MInvestors 672Post-money $52.4M
Raised $1M / $1.1MInvestors 1,061Post-money $13.1M

Team

4 people
Albert Ovadia
Co-founder, Director, Board Member and CTO

Albert is at the helm of programming and systems architecture for AEXLAB. An intrepid technologist, member of the Audio Engineering Society, and gamer. He works to challenge the status quo in virtual reality experiences.

Jonathan Ovadia
Co-founder, CEO, Director, Board Member and principal accounting officer

A VR evangelist and seasoned gamer with thousands of hours logged in VR since 2016, Jonathan has built one of the largest VR communities from the ground up. With community support, he's prioritized and delivered quality features unrivaled in the space and equity crowdfunded $2mm from 1,500 users.

Jonothan Ovadia
Chief Executive Officer and Principal Accounting Officer
Jeffrey Scott Ransdell
Director

Jeff is a seasoned financial executive with over 30 years of experience guiding financial advisors and clients through wealth management, asset allocation, and market evolution. As a former Managing Director and Market Executive at Merrill Lynch, he oversaw $130 billion in client assets, a $1.5 billion P&L, and 2,000+ employees across multiple regions. Recognizing the shift of investment opportunities from public to private markets, he founded Fuel Venture Capital in 2017 to provide private clients access to high-growth, disruptive technologies. His investment philosophy—“founder-focused, investor-driven”—is shaped by decades of experience in wealth management and banking. Fuel VC continues his mission of empowering financial advisors and their clients to invest in the next generation of innovation.

Names and titles as disclosed on StartEngine, SEC Form C. Bios and photos come from the platform campaign page and may be out of date.

Reg CF annual-report compliance

Not required3+ reports filed & assets ≤ $10M

Filed 5 of 6 annual reports (FY2020–FY2025)

1,061 investors
holder-count proxy

Reg CF issuers must file a Form C-AR each year until a Rule 202(b) termination trigger is met.

  • Form C-UApr 7, 20260001845509-26-000001
    EDGAR
  • Form C/ASep 24, 20250001845509-25-000004
    EDGAR
  • Form C/AJul 28, 20250001665160-25-001330
    EDGAR
  • Form C/AMay 14, 20250001665160-25-001099
    EDGAR
  • Form C/AApr 23, 20250001665160-25-000750
    EDGAR
  • Form C-ARApr 23, 20250001665160-25-000751
    EDGAR
  • Form CMar 17, 20250001665160-25-000422
    EDGAR
  • Form C-UMar 4, 20250001665160-25-000353
    EDGAR
Source: ManualCIK 0001845509DEShare price $36.52

About this data. Figures are compiled from public sources — SEC EDGAR filings (Form C, C-AR, 1-A, 1-K) and funding-platform pages — and may be delayed, incomplete, or restated by the issuer. Financial statements are as reported by the issuer; each year is labeled with its assurance level (audited / reviewed / unaudited). A valuation cap is the conversion ceiling of a SAFE or convertible note, not an agreed company valuation; post-money figures are computed as pre-money plus amount raised and are not a traded price. Crowdonomics is not a broker-dealer, funding portal, or investment adviser; nothing here is investment advice or an offer to sell securities. Verify all figures against the linked EDGAR filings.