MyXR's original offering opened on December 23, 2020 and was completed on March 27, 2021. Except for the Updates section which may contain more recent information, the information on this page was accurate as of March 27, 2021.
MyXR is building an ecosystem of Augmented Reality (AR), Artificial Intelligence (AI), and gamification SaaS solutions to be easily incorporated and adjusted into any vertical and licensed by the Company. We developed MyXR Engage 2.0 for multiple verticals on one infrastructure, and MyXR Experience Platform 3.0 to provide syndicated AR content to partners around the world.
We start with the user before each new product is envisioned. Our technology platforms are then refined by users, fans, students, and customers. MyXR’s goal is to enlighten and elevate users through every interaction. We then make this complex process simple and effective to implement for a range of customer and organizational types:
The company, which first started generating revenue in 2018, is gearing up new 2021 revenues in two main categories: SaaS Subscriptions and Software Licenses.
SaaS Subscriptions include:
We are targeting a portion of multiple global markets. They include:
Combined, these account for an $800B+ market. Since we now serve clients in specific markets that include Sports Marketing, Edtech, Federal Contracts, eHealth, InsureTech, and Entertainment and Media, our market size is much bigger.
KiwiTech: KiwiTech, a growing ecosystem of entrepreneurs, investors, and mentors, helps early and growth-stage startups build viable products, drive traction, raise capital, and scale their businesses. The KiwiTech ecosystem is currently home to 2000+ investors and 300+ portfolio companies across 15+ industries undergoing disruption.
Theia Interactive: Based in Chico California, Theia Interactive is a creative solutions studio with a passion for building beautiful virtual environments for business, and offering tools to empower others to do the same. Theia tells engaging stories through virtualization. Theia has created award-winning projects for companies such as Epic Games, Hewlett Packard, Mohawk Group, NVIDIA, Suffolk Construction and Toll Brothers.
If the offering's maximum amount of $249,999 is raised:
| Use | Value | % of Proceeds |
|---|---|---|
| Compensation for managers | $25,000 | 10.0% |
| Engineering expansion (Engage 2.0x, Experience Platform 3.0, Portal 2.0) | $125,000 | 50.0% |
| Legal / Contracts | $30,000 | 12.0% |
| Conversion of 1099 to W2 for existing staff | $5,000 | 2.0% |
| Additional payroll for new Sales, Analytics, Financial team | $5,000 | 2.0% |
| Partnerships and Marketing | $30,000 | 12.0% |
| Formation of MyXR Foundation | $1,750 | 0.7% |
| Existing Accounts Payable | $15,999 | 6.4% |
| Intermediary fees | $12,250 | 4.9% |
This number includes all funds raised by the Company in this round on Netcapital. This is an offering of Class A Common Stock, under registration exemption 4(a)(6), in MYXR Inc dba MyXR. This offering must reach its target of at least $10,000 by its offering deadline of March 27, 2021 at 12:00am ET. If this offering does not reach its target by the offering deadline, then your money will be refunded.
If the offering is successful at raising the maximum amount, then the company’s implied valuation after the offering (sometimes called its post-money valuation) will be:
MyXR’s official name is MYXR Inc, so that’s the name that appears in the statements below.
The Offering Statement is a formal description of the company and this transaction. It’s filed with the SEC to comply with the requirements of exemption 4(a)(6) of the Securities Act of 1933.
We’re also required to share links to each of the SEC filings related to this offering with investors.
Be sure to understand the risks of this type of investment. No regulatory body (not the SEC, not any state regulator) has passed upon the merits of or given its approval to the securities, the terms of the offering, or the accuracy or completeness of any offering materials or information posted herein. That’s typical for Regulation CF offerings like this one.
Neither Netcapital nor any of its directors, officers, employees, representatives, affiliates, or agents shall have any liability whatsoever arising from any error or incompleteness of fact or opinion in, or lack of care in the preparation or publication of, the materials and communication herein or the terms or valuation of any securities offering.
The information contained herein includes forward-looking statements. These statements relate to future events or to future financial performance, and involve known and unknown risks, uncertainties, and other factors, that may cause actual results to be materially different from any future results, levels of activity, performance, or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties, and other factors, which are, in some cases, beyond the company’s control and which could, and likely will, materially affect actual results, levels of activity, performance, or achievements. Any forward-looking statement reflects the current views with respect to future events and is subject to these and other risks, uncertainties, and assumptions relating to operations, results of operations, growth strategy, and liquidity. No obligation exists to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.
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