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OCTONIC VR

Operating

VR Simulations, Inc.

Sports & Recreation · New York, NY · Founded 2016

Give your treadmill journey a destination

Post-money valuation ⓘ
$19.9M
As of Sep 2023 · from Reg CF Offering (2023) · pre-money + amount raised, not a traded price
Total raised
$796,425
Crowd $100K · Private $696K · 3 rounds since 2023
Latest share price
$2.07
Reg CF · Common Stock · Jun 2023 offering price

Financials

FY2021–FY2022 · from SEC filings · hover any figure for its source
$8K
−$330K
2021
$3K
−$473K
2022
RevenueNet income — beside revenue when positive, below the line when a loss
Metric
FY2021 reviewed
FY2022 reviewed
Income statement
Revenue
$7,522
$2,778
Cost of goods sold
$0
$0
Gross margin
100%
100%
Net income
-$329,503
-$473,009
Taxes paid
$0
$0
Balance sheet
Cash
$385,711
$10,868
Accounts receivable
$0
$0
Total assets
$398,878
$21,556
Short-term debt
$11,121
$138,603
Long-term debt
$592,760
$560,964
Total liabilities
$603,881
$699,567
Other
Headcount
—
4

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
$19.7M
pre-money
Reg CF · Common · Jun 2023

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

Share price over rounds

log scale
$2.07$0.0144$0.0001
May 2023Jun 2023
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, and each class is drawn as its own line.

Fundraising history

Raised $100.2K / $1.2MInvestors 179Post-money $19.9M

Team

13 people
David (Nan) WenFounder
Co-Founder, Chief of Engineering & Head of Software

David has over eight years of experience working on everything from full-stack applications to system-level operations and AI. He has been in VR development with Unity since joining Ilya at Hubneo VR Lab in 2017. Outside of work, David is a competitive strategy game player and Expert+ Beat Saber regular. He graduated NYU with a BA in Computer Science & Game Design and is currently working on a Masters in Artificial Intelligence at Georgia Tech.

Ilya PolokhinFounder
CEO, Co-Founder & Head of Product Development

Ilya founded and ran Hubneo VR Lab, the leading US VR simulation center, in 2017 after having started building VR motion simulators in 2014. This work led to co-founding Octonic with David in 2020. Prior to that, Ilya managed operations and finance in automotive and retail for fifteen years. Intertwined with his day-to-day job are his main hobbies: VR gaming and long-distance running. Ilya graduated from Lomonosov MSU with a BA in Economics and an MA in Finance, and holds an MBA degree from Wharton.

Matt FallFounder
Head of Digital Marketing

Matt started his marketing career as a DC area nightclub promoter in the late 90s. In 2002 he moved to Los Angeles where he worked with some of the world’s biggest brands and artists as both a DJ and marketing manager. In 2012 he moved to NYC to focus solely on marketing where he honed his skill set. He is a Google Certified Partner and has managed over $5 million in advertising budget. His interests are artificial intelligence, automation, dogs, music, spirituality, and XR.

Nahiyan AhmadFounder
Chief Business Officer

Nahiyan was VP of Business Development & Operations at Jump Into The Light, a VR center in Manhattan, where in addition to his business operations duties, he also produced creative content alongside artists like Bill Pullman and Patricia Field. He has more than seven years of experience in the XR space, as well as prior experience in finance, strategy, and consulting. Outside of work, he has written for VR Trend Magazine about industry developments. Nahiyan graduated from Emory with a BA in Economics and holds an MBA degree from Duke.

Nathan ReesFounder
3D Animator & Designer

Nathan has over twelve years in 3D animation and digital design experience. Previously he started Squishy Games where he published his first award-winning retro computer game called Rogue Invader. In addition, he was the Art Director for the inaugural FantasyCon convention held in Salt Lake City. Nathan has a BFA in Animation from Brigham Young University. Nathan works 2.5 hours per week for Octonic.

Will ParkFounder
3D Environment Artist

Will is a game designer specializing in standalone VR-level design. He has a deep understanding of Unity’s various components, tackling all aspects of the engine from full-fledged world-building to coding game systems. Currently a senior majoring in Design and Technology at Parsons School of Design, Will is broadening his horizons in the world of VR. Will works 5 hours per week for Octonic.

David Lin Wen
Chief of Engineering
Ays Sharaev
Funding Advisor, Investor

Ays is a Partner and co-founder of the Luxembourg-based venture capital fund, Waarde Capital. His fund is one of Octonic’s earliest and largest institutional investors. Waarde Capital invests in tech startups across the US, Europe, Israel, Southeast Asia, and Africa. Prior to Waarde, Ays worked in investment banking. Ays received his MBA from Wharton. Ays works 1 hour per week for Octonic.

Greg Vaisberg
Tech Licensing Advisor, Investor

Over his career in tech business Greg has built and led a world-class legal team responsible for privacy and security, as well as supporting product and business development. Greg has a track record of successfully enabling nearly 20B in partnership, licensing and M&A transactions. Greg holds a JD from Santa Clara University and Wharton MBA. Greg works 1 hour per week for Octonic.

Show 4 more people
Konstantin Tsarev
Marketing Advisor, Investor

Konstantin has over a decade of marketing and brand management experience in CPG (FMCG). Over his career he worked as a brand manager at Kimberly-Clark and GSK, and as a Customer Marketing Manager at Godiva. Konstantin holds a BA in Marketing Management from the University of St. Thomas and an MBA from UNC’s Kenan-Flagler. Konstantin works 1 hour per week for Octonic.

Mikhail Zhavoronkov
Business Advisor, Investor

Mikhail is a former Co-Founder of Octonic who now serves as a close advisor. Previously, he Co-Founded Guardhat, having raised 3 rounds of financing from over 25 VC funds, totaling more than $40 million. Earlier in his career, he worked in strategic planning in the steel industry. He holds an MBA from the University of Chicago Booth School of Business. Mikhail works 1 hour per week for Octonic.

Pradeep Fernandes
Board Member, Strategy Advisor & Investor

Pradeep is a seasoned commercial aviation executive, with over 25 years of experience in engineering, product strategy, finance, and leading teams. For over a decade, he has risen in the ranks at The Boeing Company and now serves as the Vice President of Strategy for Boeing Commercial Airplanes Division. He holds degrees from Wharton, MIT, and NYU. Pradeep works 1.5 hours per week for Octonic.

Ricky Huff
Legal Counsel

Ricky, being a partner at Brown Huff and Zohar and having worked with dozens of startups, brings in a rare combination of legal expertise with entrepreneurial approach. The scope of his work includes commercial contracts, shareholder documentation, legal and privacy risks management. Ricky holds a JD from Florida State University College of Law. Ricky works 5 hours per week for Octonic.

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

Delinquent

Filed 0 of 3 annual reports (FY2023–FY2025)

Missing: 2023, 2024, 2025

179 investors
holder-count proxy

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

SEC filings

  • Form C-USep 12, 20230001665160-23-001752
    EDGAR
  • Form CJun 7, 20230001665160-23-001365
    EDGAR
Source: ManualCIK 0001978950DEShare price $2.07

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.