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Virtual Lab

Virtual Lab

Online platform for simulation of 3D assemblies specific to industrial equipment.

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Deal Type

Convertible Note

Funding Goal

$300,000

Current Reservations

$10,000

Minimum Reservation

$10,000

Deal Stage

Seed

Interest (% per year)

5.00%

Term Length (Months)

18 months

Valuation Cap

$6,000,000

Conversion Discount (%)

20%

Warrant Coverage (%)

N/A

Open Date

10/22/2019

Maximum Reservation

$300,000

Closing Date

12/31/2020

Elevator Pitch

Virtual Lab is an online learning platform where students can practice just like in the real world by simulating 3D assembly of complex components.

KPIs

Cash Flow Positive

Company Overview

Virtual Lab is the first 3D platform where students will learn to develop their engineering skills through assembly.

Integration with virtual reality makes learning more interactive and interesting.

Problem:

The classical laboratories of the faculties in the field might not be equipped with all the tools that a virtual laboratory contains.

Access to the components of a real-life mechanical assembly is actually difficult compared to a virtual laboratory.

The actual time of assembling a real technical system is very high compared to the time required to assemble the same system in a virtual laboratory.

Solution:

Virtual Lab allows simulation of 3D assemblies specific to industrial equipment.

In virtual environment the mechanical components of technical systems / equipment can be analyzed and visualized even if they are part of actual assemblies.


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Market Size:

World University Rankings in 2019 by subject: engineering and technology (General Engineering) conducted on a sample of 776 universities shows that over 20 million students were enrolled in engineering studies.

Business Model:

Considering that 1% of the worldwide enrolled students in the field of Engineering will subscribe to Virtual Lab, the revenue is estimated over $12 M.

Traction

  • 8 virtual labs completed

    March, 2019
  • $54,905 - raised in 2017

    February, 2017

Previous Funding

  • $54,905 Other
  • Raise Source: Other
  • February 2017

Risks & Disclosures

Investment involves risk. As a general rule, you should only investment in business(es) that you are familiar with and understand the risk associated with them. The risk warning described in each investment is not exhaustive, you should carefully consider your investment experience, financial situation, investment objective, risk tolerance level and consult your independent financial adviser as to the suitability of your situation prior making any investment.

Documents

Confidential

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