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Virtuix Raises $2.5 Million in 24 Hours of Mini-IPO Funding

Virtual reality (VR) locomotion company Virtuix is taking an interesting approach to raising funding this year. The company has this week launched a mini-IPO round of funding which gives the general public the ability to invest in it and its omnidirectional motion platform, the Virtuix Omni. In the first 24 hours of the mini-IPO going live, Virtuix has raised some $2.5 million USD.

Virtuix Omni

That amount has been raised with the help of more than 500 private investors and 5 institutional investors. Stock is available to the public for $2.33 per share. With this money, the company plans to expand its team and continue work on its VR motion technologies. The Omni itself is now available to buy and sees users put on a special pair of shoes, strap themselves into a harness, pull on a head-mounted display (HMD) and run around virtual environments as if they were actually there.

“We are thrilled to see the overwhelming response to our stock offering,” says Jan Goetgeluk, Founder and CEO of Virtuix. “We are excited that our community can now participate in our financial future and be part of the next chapter of our story.”

More than 4000 Omni units have been sold so far. Stay tuned to VRFocus for more on the kit.