Virtuix secures $2.5 million funding within 24 hours of its mini-IPO

$2.5 million in funding secured within 24 hours, with Virtuix Omni set to step in a new direction.

@anthony256

Published Mar 26, 2016 3:44 AM CDT
Updated Nov 3, 2020 1:00 PM CST

40 seconds read time

Virtuix is going in a different direction in raising funds for 2016, with the VR locomotion company launching its mini-IPO round of funding, allowing the general public to invest in the company and its future. Within the first 24 hours, Virtuix raised an impressive $2.5 million.

Virtuix secures $2.5 million funding within 24 hours of its mini-IPO | TweakTown.com

The $2.5 million raised happened thanks to over 500 private investors, and 5 institutional investors. Virtuix stock is available for $2.33 per share, with the company planning on expanding its team, and continuing to build VR motion technologies. Right now, the Virtuix Omni can be purchased, allowing people to strap on a special pair of shoes, stand on the Omni with the harness attached, and enjoy a huge physical additional to the virtual world.

Virtuix founder and CEO, Jan Goetgeluk talked about the mini-IPO funding round: "We are thrilled to see the overwhelming response to our stock offering. We are excited that our community can now participate in our financial future and be part of the next chapter of our story".

NEWS SOURCE:vrfocus.com

Anthony Garreffa

Anthony joined the TweakTown team in 2010 and has since reviewed 100s of graphics cards. Anthony is a long time PC enthusiast with a passion of hate for games built around consoles. FPS gaming since the pre-Quake days, where you were insulted if you used a mouse to aim, he has been addicted to gaming and hardware ever since. Working in IT retail for 10 years gave him great experience with custom-built PCs. His addiction to GPU tech is unwavering and has recently taken a keen interest in artificial intelligence (AI) hardware.