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VirZOOM

Operating

VirZOOM, Inc.

Media & Entertainment · Cambridge, MA

VR for stationary bikes: the future of fitness

Post-money valuation ⓘ
$46.0M
As of Jul 2023 · from Reg CF Offering (2023) · pre-money + amount raised, not a traded price
Total raised
$9,094,699
Crowd $2.2M · Private $6.9M · 11 rounds since 2015
Latest share price
$0.49
Reg CF · Preferred Stock · Mar 2023 offering price

Financials

FY2014–FY2023 · from SEC filings · hover any figure for its source
$324K
−$3.0M
2016
$438K
−$2.6M
2017
$278K
−$2.3M
2018
$219K
−$2.8M
2019
$373K
−$1.7M
2020
$460K
−$1.6M
2021
$497K
$1.8M
2022
$867K
$1.1M
2023
RevenueNet income — beside revenue when positive, below the line when a loss

Chart shows the most recent 8 fiscal years; 2 earlier years are in the table below.

Metric
FY2014 reviewed*
FY2015 reviewed*
FY2016
FY2017
FY2018
FY2019 audited
FY2020 audited
FY2021 audited
FY2022 audited
FY2023 audited
Income statement
Revenue
$0
$0
$323,724
$438,000
$278,234
$219,279
$372,537
$459,757
$496,629
$867,152
Cost of goods sold
$0
$0
$288,744
$266,000
$179,961
$161,459
$102,739
$114,302
$174,270
$193,480
Gross margin
—
—
11%
39%
35%
26%
72%
75%
65%
78%
Net income
-$1,710,846
-$1,710,846
-$2,965,863
-$2,605,000
-$2,277,396
-$2,827,248
-$1,706,244
-$1,555,161
$1,843,836
$1,097,019
Taxes paid
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Balance sheet
Cash
$998,088
$998,088
$239,141
$284,000
$7,977
$49,586
$150,122
$49,669
$93,243
$42,931
Accounts receivable
$0
$0
$33,974
$3,000
$10,855
$37,602
$8,977
$20,741
$17,975
$12,627
Total assets
$1,054,856
$1,054,856
$392,847
$521,000
$209,577
$183,922
$211,553
$95,447
$143,337
$87,868
Short-term debt
$2,524,051
$2,524,051
$4,379,000
$7,268,000
$305,000
$1,663,095
$2,458,507
$4,670,737
$111,578
$179,120
Long-term debt
$0
$0
$0
$0
$0
$281,745
$1,123,188
$38,400
$620,000
$1,415,000
Total liabilities
$2,524,051
$2,524,051
$4,379,000
$7,268,000
$305,000
$305,000
$3,581,695
$4,709,137
$731,578
$1,594,120
Other
Headcount
—
11
—
14
—
6
6
6
7
7

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
$8.0M
pre-money
$1.6M
est. pre-money
$8.0M
Valuation cap
$20.0M
Valuation cap
$30.5M
pre-money
$45.8M
pre-money
Reg CF · Common · Mar 2017
Private · Series Seed 3 (SS3) Preferred · Mar 2019
Reg CF · SAFE · Sep 2018
Reg CF · SAFE · Sep 2020
Reg CF · Preferred · Sep 2021
Reg CF · Preferred · Mar 2023

Blue bars are the pre-money valuation the company stated for a priced round. Dotted grey bars are our estimate for rounds that didn't state one: the round's share price × the shares outstanding in its filings. Same measure as blue, but rougher. Dashed amber bars are a SAFE or convertible note's valuation cap — the most it converts at, not what the company is worth, so don't compare them with the other bars.

Share price over rounds

$0.49$0.245$0.2224
Mar 2019Mar 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.

Cap table

Share counts as of Dec 31, 2021
Preferred stock · 87.0%Common Stock · 13.0%
ClassOutstandingVotes / shareShare of totalLast price
Preferred stockpreferred49,553,474—87.0%—
Common Stock7,404,009113.0%—
Total56,957,483100%

Shares outstanding over timein today's share terms

57M28M0
Dec 2018Dec 2021
Common StockPreferred stockRound opened

Changes in named holdersshares in today's terms · % of all shares at the time

Principal holders% as the filing states it, Apr 29, 2024

  • Candy & Eric Janszen3,070,200 Common Stock41.0%of company
  • Candy & Eric Janszen2,038,697 Series Seed 2 Preferred Stock28.0%of company
  • Candy & Eric Janszen527,269 Series A-2 Preferred Stock7%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 $0 / $4.7M
Raised $142.6K / $912KInvestors 131Post-money $46M
Raised $1.4M / $4.5MInvestors 621Post-money $32M
Reg CF · SAFE · Sep 2020Closedvia WeFunder
Raised $478.6K / $535KInvestors 466Valuation cap $20M
Reg CF · SAFE · Sep 2018Closedvia WeFunder
Raised $182.6K / $600KInvestors 223Valuation cap $8M
Raised $1MInvestors 79
Raised $928.8KEst. pre-money $1.6M
Raised $147KInvestors 5
Raised — / $1MPost-money $8M
Raised $4.5MInvestors 66

Team

11 people
Eric Janszen
Founder, President & Director

CEO of two VC-backed companies, EIR Trident Capital and Managing Dir Osborn Capital. Osborn achieved 9 liquidity events including two IPOs and acquisitions by Cisco, Nortel, Microsoft, and EMC. Inventor, investor, published author, and Avid cyclist.

Eric Malafeew
Co-Founder & CTO

MIT Master’s Degree and B.S. Virginia Tech. 20+ years in the video games industry. Technical director or lead systems programmer at HMX on Guitar Hero, Rock Band, and Dance Central. Responsible for strategic technology direction, engineering leadership, and IP.

Ben de la Cretaz
Consulting Chief Financial Officer

Partner at TechXCO, consulting to start-up and growth stage ventures. Babson MBA after launching and operating his own business for four years. Responsible for financial planning and execution, compliance, and accounting.

Jason Warburg
Chief Product Officer

20+ years of games industry experience in design, production, QA, build engineering, and technical art on multiple titles including Guitar Hero and Rock Band. Responsible for VirZOOM product design and development.

Robert Collins
Chief Operating Officer

Responsible for brand and product marketing with a focus on maximizing customer acquisition, engagement and retention. Improves brand through recognition, data driven process implementation, and a customer first approach to service, support, and community management.

Christine Barrett
UI/UX Software Engineer

Software developer specializing in UI/UX systems for video games (Guitar Hero, Rock Band) and children's software (Kid Pix). Other work includes game systems, networking and language localizations. BS in Computer Science from Stanford University.

Danielle Quinlan
Consulting Social Media Marketing Coordinator

Consulting Social Media Marketing Coordinator Responsible for managing VirZOOM's social media accounts in order to create brand awareness, engage with the community and maintain the company's public image.

Eyal Zilberman
Customer Experience Manager

Customer service guru with over 20 years experience finding creative solutions for small teams and startups. Focused on ensuring the customer's perspective is always considered and that support is a top down endeavor.

Ike Adams
Consulting Senior Software Engineer

Senior Software Engineer and generalist versed in game development, digital entertainment, UI/UX.

Show 2 more people
Michael W.G. Fix
Director, Investor, Advisor

Michael Fix is a dynamic and people-oriented executive with deep experience in private equity and venture capital transactions, and who understands the challenges of merging existing business practices with new technological advancements. He has held C-level and board positions in public and private companies and was the co-architect of numerous successful financial transactions.

Peter Macdonald
Art Director

Has made video games in the Boston area since 1995. A true visual art generalist, currently responsible for everything visual that VirZOOM produces, from in-game art to the website, packaging design, videos, and corporate ID, including logo design.

Names and titles as disclosed on SEC Form C, StartEngine. 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 10 annual reports (FY2016–FY2025)

621 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 CMay 23, 20240001639511-24-000003
    EDGAR
  • Form C/AMay 23, 20240001639511-24-000005
    EDGAR
  • Form C-ARApr 29, 20240001665160-24-000647
    EDGAR
  • Form C-UJul 10, 20230001665160-23-001491
    EDGAR
  • Form C/AMay 19, 20230001665160-23-001277
    EDGAR
  • Form C-ARMay 1, 20230001665160-23-001097
    EDGAR
  • Form C/AApr 28, 20230001665160-23-000979
    EDGAR
  • Form CMar 16, 20230001665160-23-000417
    EDGAR
Source: ManualCIK 0001639511DEShare price $0.58

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.