After Receiving $30 Million of Indications Of Interest, Virtuix Moves Forward With Preferred Stock Offering To The General Public Planned For March 23, 2016
AUSTIN (March 10, 2016) – Virtuix, a leader in active virtual reality and the developer of the popular Omni motion platform, today announced that it will move forward with its mini-IPO under the new rules of Regulation A. Using the SeedInvest crowdfunding platform, Virtuix is targeting a $10 million fundraise with a planned launch on Wednesday, March 23, and a maximum round size of $15 million authorized. So far Virtuix received more than $30 million of indications of interest from more than 3,300 potential investors. Institutional investors that have already indicated interest in participating in this round include Scentan Ventures, Western Technology Investment, Tekton Ventures, and Scout Ventures.
Historically, startup investing was limited to accredited investors (only 2% of Americans), but that changed when Title IV of the JOBS Act passed through congress in June 2015. Title IV of the JOBS Act, also known as Regulation A+, allows everyone the opportunity to invest in private tech startups. For the first time in history, the general public has the chance to invest alongside Silicon Valley venture capitalists and institutional investors.
“We receive frequent requests from our customers and supporters to buy shares in Virtuix, but before now we had to turn them away because of regulatory restrictions,” says Jan Goetgeluk, Founder and CEO of Virtuix. “We are thrilled that our community can now participate in our financial future and be part of the next chapter of our story.”
Over the past two years, Virtuix has grown to a team of 31 people and has raised over $9 million in private funding from individuals and institutional investors including Silicon Valley venture capitalists like Western Technology Investment and Tekton Ventures. Virtuix has pre-sold more than 4,000 Omnis to date and started shipping units to customers in December 2015.
“The Virtuix team has brought a great product to market and has delivered on its goals in the last two years,” says Brad Harrison, current investor and Managing Partner of Scout Ventures. “We are proud to be part of this financing round and support Jan and his team as they continue to build the next big entertainment platform and brand.”
Virtuix plans to use the proceeds from its upcoming offering to fund growth and further product development. Ultimately, Virtuix’s vision is to have the Omni be part of every Active VR setup both for home use and for commercial applications that include out-of-home entertainment, training and simulation, and virtual tourism.
Given the high level of interest for the offering, Virtuix will accept reservations from potential investors who indicate interest at www.seedinvest.com/virtuix. Investors who make a reservation will be able to participate in the round’s soft launch targeted to begin on March 21 before the general public receives access two days later.
Founded by CEO Jan Goetgeluk in April 2013 and headquartered in Austin, Texas, Virtuix is the pioneer of the Active VR category and is the developer of the Omni – the first-of-its-kind motion platform that enables walking and running in virtual environments. The Omni is compatible with leading headsets and virtual reality content. It is currently available for pre-order for $699 per unit at www.virtuix.com.
Phoenix, AZ – The most ground breaking non-profit fundraising platform Influence the Cause (www.influencethecause.com) is proud to announce it is teaming up with Talk2legends (www.talk2legends.com) to provide Non-Profit fundraising campaigns a way to promote their cause and create awareness with their team of celebrity and professional athletes.
Talk2legends is a unique app that allows people a chance to video chat one-on-one with celebrity and professional athletes through their video chat platform.
Now, Non-profit Organizations who promote fundraising campaigns on the Influence the Cause site can offer this unique incentive to donors automatically built into their campaigns. With each designated donation a donor will receive a credit towards a one-on-one video chat with a Talk2legends professional athlete of their choice, to talk about anything they want. https://www.youtube.com/watch?v=kJnL-QhZUJs
“We are very excited to be teaming up with Influence the Cause. Our athletes want to help out in any way they can and I do believe this will bring some awareness to some of the campaigns and maybe even these Organizations can pick up an advocate or two. We really saw this as being a win, win situation for everyone here and we are glad to help out, says Ryan Hermansky, CEO of Talk2legends.
Influence the Cause understands the struggles each Organization goes through to create awareness to their cause and whether it is teaming up with athletes, celebrities or Philanthropists to help push an issue and promote a cause they are providing the platform to unite and make the world a better place.
Not only does their landing page and video showcase provide a foundation for a campaign, they work directly with the Non-profit Organization to come up with ideas and create strategies to ensure they are maximizing each campaign as well as having an opportunity to team up with some of the celebrity Cause Advocates to join their efforts and help spread the word.
Influence the Cause is not just about Crowdfunding, they are about helping each Organization create a following and continually reach their fundraising goals.
This post was originally produced for Forbes.
Sports play a special role in world culture–consider the influence of the World Cup and the Olympics. Within that world, the Australian sports clothing company SKINS is playing an outspoken role, advocating for integrity and equality in sports.
SKINS CEO Jaimie Fuller notes, “History is littered with examples where sport has played a major role in shaping values and behaviours, cite eradication of apartheid in south Africa and then bringing the nation together in the rugby world cup in 1995. In the right hands with great vision and leadership, sport can advance social progress like almost no other.”
Fuller has been a vocal critic of FIFA and other international sporting organizations.
He says, “Today sport at the international level is not in the right hands. Immense scandals in soccer (FIFA), athletics (IAAF) inc doping, cycling (UCI and Lance Armstrong affair), tennis (ITF and match fixing) continue to amaze and disappoint. The public (consumer to some) has genuinely lost faith in what it is watching as money becomes bigger and more important.”
“Sports that historically were amateur that have over short periods of time embraced ever increasing dollars at play, have mostly failed to make the transition with the most egregious examples entailing massive corruption. SKINS has been actively championing reform for the last 4 years, driven initially by the Lance Armstrong affair, and has been successful in reform of cycling, doping, IOC, cricket and soccer to one degree or another,” he boasts.
Fuller doesn’t view activism as an incidental part of the business strategy, but as the central tenet of the brand.
“As the sole sportswear brand taking this stance, SKINS is in the very unique situation to grow the brand and continue to advocate sports for all the right reasons,” he continues. “SKINS has a plan to not just sit back and complain about the situation but to fill the leadership void and use sport to advance social progress in several key areas including eradicating LGBT prejudice, addressing issues of racism and indigenous prejudice as well as advocate for gender equality.”
Fuller believes that this approach will not only support business growth but also that it will facilitate its multi-country equity crowdfunding raise in the UK, Europe, Australia and New Zealand.
“Not only will we champion these important issues but we have a plan to directly link the cause marketing to commercial success with the increasing commercial success then driving greater advocacy and success for social progress, hence the crowd funding equity raise initiative,” he concludes.
The crowdfund offering is being conducted by Seedrs with partner Equitise in Australia and New Zealand. Jeff Lynn, CEO & Co-Founder, Seedrs, in a statement, said, “We’re incredibly excited to be working with SKINS. Not only does it have great products, but it has a unique brand purpose that really makes it different. This is a really exciting opportunity for people to invest in a business they believe in and share in its success.”
On Thursday, March 10 at 5:00 Eastern, Fuller will join me for a live discussion about how activism fits into the business strategy, including the equity raise. Tune in here then to watch the interview live. Post questions in the comments below or tweet questions before the interview to @devindthorpe.
More about SKINS:
We design, innovate, manufacture and market high performance sports compression clothing. Our technology uses engineered gradient compression which forces blood faster back up the veins to the heart which in turn forces blood faster through the arteries to deliver blood faster, and more oxygen, to the limbs. This creates a performance improvement for athletes. Understanding that these are truly performance enhancing, we define our brand values around Fueling the true Spirit of Competition which leads us to play a serious role on agitating for good governance in sports administration; something that is sorely lacking in the 21st century at International Sports federation levels.
Jaimie Fuller is an Australian businessman who is Executive Chairman of the international sports compression wear company, SKINS (www.skins.net).
Jaimie is a hugely passionate sports fan whose sporting prowess was (and still is) inversely proportional to his passion. He is committed to the SKINS ethos of ‘Fuelling the True Spirit of Competition’ as a central platform of its brand identity.
In 2012, Jaimie founded the international pressure group, Change Cycling Now (CCN), inspired by the growing international criticism of the Union Cycliste Internationale (UCI) and its handling of cycling’s doping issues including the Lance Armstrong scandal.
In 2013, Jaimie established the anti-doping campaign, #ChooseTheRightTrack. This campaign was delivered in combination with a new SKINS platform, Pure Sport (www.puresport.skins.net) which celebrates and promotes the true values of sport free from corruption and drugs.
In 2014, Jaimie and SKINS set their sights on the practices and leadership of FIFA. Jaimie co-founded the movement and campaign #NewFIFANow to reclaim football by calling out and eradicating the serial allegations of corruption and unacceptable governance practises dogging the sport.
Jaimie is also a regular commentator on integrity in sport and sports governance issues. He has also become a contributor to public forums and amongst others, was a speaker at the Play The Game conference in Denmark in October 2013 and 2015 and at the “I Play Fair” Sports conference hosted by South African Institute for Drug-free Sport in Capetown in November 2013. He blogs regularly at watercooler.skins.net.
New Equity Crowd Funding Rules Enable Fans the First-of-its-kind Opportunity to Invest and Play a Role in the Creation of Movies, TV shows and more.
Silicon Valley, CA – March 9, 2016 – Legion M (www.thelegionm.com), the world’s first fan-owned entertainment company, launches today – offering Fans the first-ever opportunity to invest and have a voice in the creation of new films, TV shows, and other entertainment projects. Using the fundraising super powers recently introduced by the Securities and Exchange Commission (SEC) via the JOBS Act, Legion Moffers a genuine investment opportunity for entertainment fans. The model is simple: With Legion M, FANS own the company, FANS get behind-the-scenes, and when we are successful—FANS share the rewards!
“Legion M is opening the gates to Hollywood and giving Fans the opportunity to play a real role in the creation of new content. We’re building a legion of ONE MILLION fans to empower creators and change the way content is made.” said Paul Scanlan, CEO and co-founder of Legion M. “After all, Fans are the reason that content exists, and for the first time in history, we are inviting Fans into Hollywood’s inner circle.”
Legion M’s slate of projects, which have yet to be announced, will be chosen with the help of an esteemed group of creative allies. The company is actively forming alliances with top Hollywood talents who have helped shape pop culture across multiple different platforms, including TV, comics, film and animation.
At launch, this army of creatives includes Stoopid Buddy Stoodios, the award-winning studio behind “Robot Chicken,” and Sony Crackle’s “SuperMansion”, Gaston Dominguez-Letelier and Meltdown Entertainment (Epicenter of Nerd culture in LA and birthplace of The Nerdist Ind. Studio and Showroom and The Meltdown with Jonah and Kumail), and “alternative reality gaming” company 42 Entertainment, (the minds behind the “Why So Serious”experiential campaign for The Dark Knight and the ground breaking ilovebees.com campaign for Halo).
Stoopid Buddy Stoodios partner Matthew Senreich said, “Connecting with fans who have such a passion for the wide variety content that emanates from Stoopid Buddy Stoodios means everything to us as creators, and Legion M’s new model presents an exciting new way to take fan engagement to the next level.”
Meltdown Founder and CEO Gaston Dominguez added, “How could any creative not want to work with Legion M? Financial flexibility, creative independence plus Fan engagement. It’s a no brainer.”
“Legion M represents a new future for content creators to develop and fund ideas outside of traditional industry models,” offers Animal Repair Shop CEO Susan Bonds. “Legion M offers opportunities to push boundaries further fueled directly by the Fans themselves, and we couldn’t be more excited about this new frontier of engagement.”
“The core of Legion M is the community,” says Jeff Annison, President and co-founder of Legion M. “By offering the public equity in our company and inviting them into the development process, we’re building a legion of fans who are both emotionally and financially invested in our projects’ success. What could be more powerful than 1 million fans working to help make content a hit?”
Fans will be able to invest in Legion M later this summer, but for now they can reserve their spot at www.joinlegionm.com. Fans can also be a part of the official Legion M launch at Silicon Valley Comic-Con (booth # 713), and hear the founders speak on panel.
ABOUT LEGION M
Legion M is the world’s first FAN-OWNED entertainment company. FANS own the company, FANS get behind the scenes, and when Legion M is successful—FANS share the rewards! Legion M co-founders Paul Scanlan and Jeff Annison are Emmy winning technologists who also co-founded MobiTV, the pioneer and market leader in over the top and multiscreen platforms.
The M with a bar over it is the Roman numeral for one million. Legion M’s aspiration goal is to build a legion of 1 million fans to change the way content is made. We want to empower creators to push the boundaries, and empower fans to be a part of the content they love. Join us at www.joinlegionm.com.
About Stoopid Buddy Stoodios
Stoopid Buddy Stoodios is an artist-friendly collective that houses some of the finest talent in all of animation. Founded by partners Seth Green, John Harvatine IV, Matthew Senreich and Eric Towner, the company has a knack for creating unique visuals and telling character driven stories with an uncanny sensibility. Stoopid Buddy Stoodios is home to the longest running stop-motion show on television, “Robot Chicken” and Sony Crackle’s “SuperMansion,” as well as Sony Pictures Animation’s hybrid animated features “Superbago” and “Rabbids,” Denny’s “The Grand Slams,” Mattel’s “WWE Slam City,” L/Studio’s “Friendship All-Stars,” MAD’s stop-motion “Spy vs. Spy,” and Netflix’s upcoming “Buddy Thunderstruck” among many others.
The company’s two-building campus and state-of-the-art facility located in Burbank, CA, makes it the largest studio specializing in stop-motion animation in California. The company’s work covers the animation gamut, ranging from charming hand-crafted animation all the way to high-end feature quality animation.
For more information, please visit www.leagueofbuddies.com.
Great news from The National WWII Museum in New Orleans: The “Launch PT-305” Kickstarter campaign was fully funded in just three days! The initial goal of $100,000 was reached early this morning, and momentum is swiftly building toward the $150,000 stretch goal.
Other updates: Well-known actor and veteran activist Gary Sinise personally donated $50,000 to help launch PT-305 after seeing the momentum generated by the campaign. Also this week, The Pritzker Military Museum & Library in association with the Tawani Foundation made a $100,000 commitment to the PT-305 project.
Fundraising campaign to support move to permanent boathouse, testing for civilian rides
NEW ORLEANS (March 8, 2016) – The National WWII Museum today announced plans to return restored patrol-torpedo (PT) boat PT-305 to her home waters of Lake Pontchartrain, where she was originally tested by Higgins Industries more than 70 years ago. The Museum launched the first phase of the plan this morning: a Kickstarter campaign to raise funds necessary to move PT-305 to the water, test her for passenger use and, for the first time, offer civilians the chance to take a ride on a fully restored combat-veteran PT boat – the fastest US naval ship in World War II.
The Kickstarter campaign, which has a crowdfunding goal of $100,000, is part of an overall effort to raise more than $500,000 to return PT-305 to the waterways. After funding is secured, the Museum plans to place PT-305 on a trailer, remove the entire front wall of her current home, the John E. Kushner Restoration Pavilion, and move the boat out to the Race Street Wharf where she will be placed on a barge on the Mississippi River. A tug will then pull the vessel to a facility on the Industrial Canal for sea trials. Following two to three months of testing, plans call for moving PT-305 to a new, permanent home – a custom-built boathouse located at South Shore Harbor near the New Orleans Lakefront Airport.
The transfer of PT-305 to water is the culmination of the Museum’s decade-long effort to restore her, over $3.3 million worth of in-kind and monetary donations, as well as more than 100,000 hours of work from a dedicated corps of over 200 volunteers. There, PT-305 will become a unique Museum experience: placing visitors on the very deck where members of the US Navy stood to attack Axis supply ships and troop transports, speeding over the waves just as PT-305’s crew did in the Mediterranean during the war.
PT boats played an essential and dramatic role in advancing America’s military campaigns in the aftermath of the attack on Pearl Harbor, which was a major blow to the Pacific Fleet. Today, just four combat-veteran PT boats still exist in the United States; of those, only PT-305 is fully restored and operational, complete with original-model engines. An operational PT-305 promises to become one of the Museum’s most exciting artifacts and teaching tools.
“The restoration of PT-305, like all Museum restoration projects, is aimed at making history accessible to today’s audiences in as detailed and authentic a way possible,” said Museum executive vice president and COO Stephen Watson. “By preserving significant artifacts such as the vessels on which the Greatest Generation served, the Museum is building the framework for tomorrow’s generations to connect with their service and sacrifice. As we embark, for the first time ever, on this kind of crowdfunding effort, we truly need all hands on deck to launch PT-305 and complete this important mission to honor our veterans’ legacies.”
Alongside the fundraising appeal, the Museum is asking for public support to help identify all living PT boat veterans and PT boat squadron support-base veterans. After reaching its Kickstarter goal, the institution plans to invite the veterans to take a celebratory ride on the type of ship they once called home – an opportunity which, given the advancing age of WWII veterans, is available to a diminishing number of WWII veterans. The Museum’s research team is also eager to capture as many PT-boat veteran stories as possible to add to the institution’s oral history collection.
To back this project or send us a PT boat veteran tip, visit pt305.org.
The National WWII Museum tells the story of the American experience in the war that changed the world – why it was fought, how it was won, and what it means today – so that future generations will know the price of freedom, and be inspired by what they learn. Dedicated in 2000 as The National D-Day Museum and now designated by Congress as America’s National WWII Museum, it celebrates the American Spirit, the teamwork, optimism, courage and sacrifice of the men and women who fought on the battlefront and served on the Home Front. For more information, call 877-813-3329 or 504-528-1944 or visit nationalww2museum.org.
New nationwide service area allows consumer lender to partner with national merchants at the point of sale
San Diego, Calif. – February 25, 2016 – Online marketplace lender LoanHero, Inc. today announced it has expanded its lending operations to a nationwide footprint in partnership with First Electronic Bank, Member FDIC. This announcement follows LoanHero’s recent $2.5 million round of seed funding, and will allow LoanHero to partner with nationwide retail establishments seeking to offer a more comprehensive financing option to their consumers at the point of sale.
LoanHero is, most simply, a technology platform that merchants use to offer loans to their customers. Retailers are forced to apply for customer financing through a number of incompatible lender programs when selling their products. As a result, the consumer suffers from multiple declines and the merchant can often lose the sale. “At LoanHero, we’re using technology to redesign the financing ecosystem to better serve consumers and merchants,” said Steve Connolly, LoanHero CEO.
The LoanHero marketplace serves as one platform with one financing application and multiple lenders. As the merchant completes an application, LoanHero will find the best possible financing option for that consumer and offer the merchant an approval in real-time. And where another lender won’t fund the transaction, LoanHero has raised $20 million to offer balance-sheet financing to fill the gap.
“I realized early on how important the LoanHero marketplace is in easing the financing struggle for merchants and consumers,” said Neil Senturia, early stage angel investor in LoanHero. “There are huge inefficiencies in this industry, so it is ripe for disruption, and I’m proud to see LoanHero addressing this gap head on.”
“We’ve begun working with a number of regional and national merchant chains, and we were unable to fully serve them until now,” commented Connolly. “With our new 50-state footprint, we are poised to go national with several of our current partners, and are the best option for merchants seeking to get a ‘yes’ for their customers at the most reasonable cost.”
LoanHero recently announced a partnership with LaserAway, the leader in the aesthetics industry for hair removal, tattoo removal, body contouring & skin rejuvenation. LaserAway has locations across the nation, and LoanHero will now be able to serve all of them.
“We don’t usually lead investments in financial-service companies,” said Stewart Alsop, co-founder of Alsop Louie Partners. “But LoanHero’s stunning growth and innovative platform for instant consumer financing led us to look more closely at this company. We now believe that the company is at the leading edge of the real time revolution.”
In just six months, LoanHero has tripled its staff and made thousands of loans to consumers with hundreds of merchant partner locations, even with a limited footprint of five states. The company now serves consumers nationwide and lends across multiple verticals including furniture, auto repair, home improvement, and alternative-elective health.
LoanHero has developed an innovative loan origination platform that brings marketplace lending to the point of sale. LoanHero provides better financing options for consumers purchasing goods and services, including furniture, home improvement, auto repair, and elective healthcare. Through the integration of strategic lending partners complementing their own balance sheet, LoanHero is able to offer instant decisions and one of the most competitive loan products available for prime to sub-prime consumers, all on one streamlined platform. LoanHero is a participant in the Evo Nexus accelerator, and is located at 4225 Executive Dr, La Jolla, CA 92037. To learn more about LoanHero and stay up to date on future updates, visit www.loanhero.com.
Company also announces highly experienced advisory board
Renovagen, the leading UK startup in commercial-scale portable solar power systems, today launches an equity crowdfunding campaign on Crowdcube, the world’s leading investment crowdfunding site. The company seeks to raise a minimum of £600,000 and up to £1M to fund go-to-market costs for their innovative “Roll-Array” portable solar power solution, which consists of flexible, rollable, transportable solar farm units combining integrated energy storage. The technology enables deployment of large solar power capacity much more quickly than competing methods – 18kW from a small trailer unit within 2 minutes or up to 300kW from a shipping container unit in less than an hour. The “plug-and-play” design makes it easy to use without requiring solar engineers on-site – a key benefit for deploying in the remote locations for which the solution is targeted – such as in disaster relief and humanitarian aid, military and mining industries.
Renovagen also announces the recruitment of an advisory board of veterans from key industry sectors to help support business development strategy:
The company requires the additional funding to deliver on a recent significant order for demonstration systems, to build a business development team, marketing and international channel partners, and to cover additional production setup costs. The company aims to fully roll-out the product during 2016 and to run multiple international demonstration projects in advance of scaling up in 2017 to a projected £10M turnover business.
Video link: https://vimeo.com/157436771
Warrior Cancer Cards is creating the world’s first personalized cancer card subscription to send printed cards to those fighting cancer. They are raising money on kickstarter. Recently I caught up with Bridgette Crull and Nanci Bauer to learn more about the effort; here’s what they told me:
What is the social benefit you hope to achieve with or through your crowdfunding campaign?
The social benefit of our campaign is that it brings continual love and support to individuals battling Cancer because Cancer doesn’t end when treatment does. I remember the times my mother smiled and laughed while she was battling Cancer. They were always when she received a card in the mail from a dear friend or they came to visit with card in hand. My mother kept every one of those cards and sometimes I would walk into her room and she would be asleep with a card lying on her chest. That’s why it’s so important to remember your Warrior through the entire process.
“Remember to still be there a few months after the diagnosis, when it’s not so new anymore. The fanfare will have died down, but your friend will still be struggling and needing logistical and emotional help.” ~ Elana Miller, MD
Warrior Cancer Card Prescription “fills” the need for continuous support for these warriors and is a way to send laughter and encouragement when you can’t find the words to say. We sign(print a message inside), seal, stamp and send all printed cards straight to the recipient each month. The Warrior motto is “Laughter is a medicine with no side effects.”
Here is the link to our project. http://kck.st/1O3jVDy
How much money are you hoping to raise and why? How much have you raised so far?
In addition to fulfilling pledges, money contributed to our campaign will be used to establish our LLC and trademarks, maintain our website, printing and manufacturing, purchase awesome typeface licenses, printers and ink to print your custom messages inside your Warrior Cancer Cards, media efforts, program updates, computer repair, shipping/handling, Kickstarter fees and to secure a location so that our kids can finally eat at the dining room table.
Whom are you trying to help with your project and why?
Mothers, fathers, brothers, sisters, cousins, aunts, uncles and children are all effected by Cancer. Unfortunately, Cancer is all around us. Whether you are near or far, this prescription can fill the need for support when you can’t be there. Every day is a battle for Cancer Warriors and supportive words and humor are what get them through the day.
What rewards, if any, are you offering to your supporters?
Our rewards include custom totes, mugs, temporary tattoos, posters, custom designed cancer cards, small business ad and link, and new collection collaboration.
Check out the campaign: