VirZOOM cover feature

VirZOOM

VR for stationary bikes: the future of fitness
$256,122 Raised
Ended April 15th
273 Investors

We're turning stationary bikes into something gym goers actually use. VZfit, our third-gen product, turns any bike into VR fitness fun in 5 minutes. Over the last 3 years, we proved VR-equipped bikes motivate riders to come back to the gym, increasing gym retention rates and profit margins. Now, we're selling our tech directly to gyms through Life Fitness, the world's largest commercial fitness equipment manufacturer, which has resulted in 50 VZfits sold worldwide – all before official launch. 

Why you may want to invest
    1. Commercial agreement with Life Fitness ($1B Sales 2017) to bring VZfit to 20k+ health clubs and commercial fitness centers worldwide.
    1. 2,000+ V1 products sold (4.3 out of 5 stars on Amazon).
  1. VirZOOM riders average 3.25 days a week for 38 minutes, about 3x more than regular stationary bikes.

    1. V2 VZfit launched Aug. 2018. Off to a strong start with installs into fitness centers in the US, Australia, Hong Kong, China, and Turkey.
    1. Team developed popular games Guitar Hero, Rock Band, and Dance Central.

    1. Voted a Top 10 Most Innovative Company by Fast Company in 2018.
    1. $7.8M in funding raised to date.
Learn more about this company

Company Details

Location
Massachusetts, MA
Founded
2015
Employees
8

Key Team Members

Eric Malafeew
Co-founder and CTO
Sunil Tahiliani
Director
Eric Janszen
Co-founder and CEO

Financials

Most recent Fiscal Year

Income Statement

Revenue
37%
$442,981
Cost of Goods Sold
8%
$266,246
Gross Profit
405%
$176,735
Taxes
$0
Net Income
7%
-$3,183,089

Balance Sheet

Total Assets
43%
$563,589
Cash
19%
$283,540
Accounts Receivable
37%
$46,673
Short Term Debt
44%
$7,294,707
Long Term Debt
$0

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