You are now viewing Wefunder in English. Always view Wefunder in this language

Immersed

invest.immersed.com

https://wefunder.com/immersed

Total raised on Wefunder: 13962617

Total investors: 4699

Quick facts

  • More details at:
  • invest.immersed.com

Team profiles

Featured investor profiles

Immersed

invest.immersed.com

Investment Terms

You will be investing in Immersed through an SPV. This means that when you invest, you will be signing the SPV Subscription Agreement, not the direct investment contract. For more information on SPVs, see here.

Financials

We have financial statements ending December 31, 2025. Our cash in hand is $1,585,488, as of April 2026. Over the three months prior, revenues averaged $27,496/month, cost of goods sold has averaged $7,563/month, and operational expenses have averaged $726,160/month.

At a Glance

Jan 1 – Dec 31, 2025
Revenue icon
$677,250
+2%
Revenue
Net loss icon
-$4,157,021
Net Loss
Short-term debt icon
$10,979,767
+2%
Short-Term Liabilities
Valuation icon
$5,539,827
Raised in 2025
Cash in bank icon
$1,585,488
Cash on Hand
Net Margin:
-614%
Gross Margin:
83%
Return on Assets:
-290%
Earnings per Share:
-$0.01
Revenue per Employee:
$42,328.13
Cash to Assets:
21%
Revenue to Receivables:
23,999%
Debt Ratio:
784%
2025 Financial Statements Unaudited .pdf
Management's Discussion and Analysis of Financial Condition and Results of Operations

You should read the following discussion and analysis of our financial condition and results of operations together with our financial statements and the related notes and other financial information included elsewhere in this offering. Some of the information contained in this discussion and analysis, including information regarding the strategy and plans for our business, includes forward-looking statements that involve risks and uncertainties. You should review the "Risk Factors" section for a discussion of important factors that could cause actual results to differ materially from the results described in or implied by the forward-looking statements contained in the following discussion and analysis.

Overview
invest.immersed.com

Milestones

Immersed Inc. was incorporated in the State of Delaware in January 2017.

Since then, we have:
  • More details at: invest.immersed.com
Historical Results of Operations
  • Revenues & Gross Margin. For the period ended December 31, 2025, the Company had revenues of $677,250 compared to the year ended December 31, 2024, when the Company had revenues of $659,590. Our gross margin was 83.09% in fiscal year 2025, and 76.45% in 2024.
  • Assets. As of December 31, 2025, the Company had total assets of $1,433,016, including $305,301 in cash. As of December 31, 2024, the Company had $910,784 in total assets, including $242,490 in cash.
  • Net Loss. The Company has had net losses of $4,157,021 and net losses of $14,269,329 for the fiscal years ended December 31, 2025 and December 31, 2024, respectively.
  • Liabilities. The Company's liabilities totaled $11,229,767 for the fiscal year ended December 31, 2025 and $14,864,787 for the fiscal year ended December 31, 2024.
Related Party Transaction

Refer to Question 26 of this Form C for disclosure of all related party transactions.

Liquidity & Capital Resources

To-date, the company has been financed through $13.71 million in equity, $13.67 million in convertibles, $1.77 million in safes, and $1.97 million in debt.

The Company is currently raising additional capital through a Regulation A+ from investors, though no future funds are guaranteed. 

Runway & Short/Mid Term Expenses

Immersed Inc. cash in hand is $1,585,488.20, as of April 2026. Over the last three months, revenues have averaged $27,496.84/month, cost of goods sold has averaged $7,563.82/month, and operational expenses have averaged $726,160.02/month, for an average burn rate of $706,227 per month, $488,168.31/month of which was for discretionary marketing spend for our ongoing fundraise and can be increased or decreased at any time based on capital availability and strategic priorities. Subtracting the marketing spend from the overall operation expenses results in an average of $237,991.71/month of required expenses (and thus, about 7 months of runway, assuming there is no active Regulation A+ round). Our intent is to be profitable in 2027.

We qualified to raise $25M via Regulation A+ on January 5, 2026 and are targeting mass production of Visor in summer 2026.

Over the next 6 months, we are targeting approximately $7.1M in revenue across a mix of hardware shipments, software subscriptions, and AI-driven offerings. We also expect to carry roughly $2.4M in deferred revenue and incur about $5.6M in expenses as we scale toward mass production and continue building out our product and go-to-market teams.
We are not currently profitable and will continue raising capital via our $25M Regulation A+ round throughout this period to support growth, accelerate commercialization, and extend our runway as we move toward profitability.

We are not currently profitable, but expect to reach profitability in 2027 after scaling through mass production of Visor.

In addition to raising funds via Regulation CF through Wefunder, we raised funds via Regulation CF through Dealmaker in 2025 and qualified to raise $25M via Regulation A+ in 2026. We have deferred revenue in the form of Visor pre-orders and revenue from our software subscriptions and from contract services performed for some of the tech giants (ie., Dell, Google, Samsung, etc.).

All projections in the above narrative are forward-looking and not guaranteed.

Risks

1
Since we are currently only available on 3rd party headsets, we currently relying on Meta/Apple/Google/HTC/ByteDance/etc for distribution, but we are planning to be on even more devices in the future, and are releasing our own.
2

The long-term success of Immersed will depend on the tech giants continuing to spend billions of dollars into research and development for the next generation of computing devices (VR headsets or AR glasses). We believe it is inevitable, but this is still technically an assumption.

3

Our future success depends on the efforts of a small management team. The loss of services of the members of the management team may have an adverse effect on the company. There can be no assurance that we will be successful in attracting and retaining other personnel we require to successfully grow our business.


Other Disclosures

The Board of Directors

Director Occupation Joined
Renji Bijoy CEO @ Immersed Inc. 2017
Jacob Thomsen Managing Partner, Venture Capital @ Sovereign's Capital 2026

Officers

Officer Title Joined
Renji Bijoy CEO 2017
Ryan Yep Secretary 2026

Voting Power

Holder Securities Held Power
Renji Bijoy 79,412,810 Series B and Series C Common Stock 78.6%

Past Fundraises

Date Security Amount
12/2025 Convertible Note $3,145,393
12/2025 Convertible Note $206,800
6/2025 Convertible Note $250,000
5/2025 Convertible Note $1,754,734
2/2025 Loan $132,900
1/2025 Convertible Note $50,000
11/2024 Convertible Note $1,000,000
10/2024 Loan $88,003
9/2024 Loan $75,000
8/2024 Convertible Note $1,724,300
7/2024 Convertible Note $425,000
7/2024 Loan $420,000
7/2024 Convertible Note $1,000,000
5/2024 Loan $67,600
3/2024 Loan $270,000
9/2023 Priced Round $2,999,667
8/2023 Convertible Note $450,000
4/2021 Priced Round $3,708,749
4/2021 Priced Round $3,775,867
3/2021 SAFE $653,516
8/2020 SAFE $1,070,000
4/2020 Loan $55,356

Convertible Notes Outstanding

Issued Amount Valuation Cap
8/31/23
$450,000
$150,000,000
7/31/24
$425,000
$150,000,000
8/31/24
$1,724,300
$150,000,000
6/27/25
$250,000
$275,000,000

Outstanding Debts

Issued Lender Outstanding
3/31/24 Shopify Capital Inc.
$5,345
9/16/24 Shopify Capital Inc.
$84,750
2/18/25 Stripe Servicing, Inc
$16,928

Related Party Transactions

Use of Funds

$100,000 6.5% towards Wefunder intermediary fee, 93.5% towards hiring and operations

$2,208,800 6.5% towards Wefunder intermediary fee, 93.5% towards hiring and operations (focus on hiring for products that monetize).Raising our maximum target will allow us to hire a larger AI team, create additional accessories for Visor 1, and build out the team for Visor 2.

Capital Structure

Class of Security Securities (or Amount) Authorized Securities (or Amount) Outstanding
Series A Common Stock 42,186,380 0
Series B Common Stock 666,332,441 69,346,610
Series C Common Stock 75,833,333 75,833,333
Series 1 Preferred Stock 166,305,280 166,305,280
Undesignated Common Stock 39,217,608 0
Undesignated Preferred Stock 12,694,720 0

Form C Filing on EDGAR

The Securities and Exchange Commission hosts the official Form C on their EDGAR web site.

Offering Updates

Immersed raised 50% of their target offering amount on Jun 26 2025

Immersed raised 100% of their target offering amount on Jun 26 2025

Details