ALL THE LATEST NEWS ABOUT THE VIRTUAL + AUGMENTED + MIXED REALITY BUSINESS

Deal

SubVRsive Receives $4m Investment

Date Type Companies involved Size
February 7th, 2017 investment $4m
SubVRsive Receives $4m Investment

SubVRsive has received a $4m investment in its Series A investment round. The entire sum has been invested by communications services company, WPP. The Austin, Texas firm says that it intends to use the funding, “To accelerate our growth and continue to build our team with the best talent in the industry.”

In a statement on its website, SubVRsive says, “We are thrilled to now be working with WPP – the world’s largest communications services company – to bring the benefits of VR and AR to their family of agencies and brand clients.”

 

New Exec

The company has also expanded its executive team, appointing Johannes Larcher as CEO. Larcher was most recently part of the executive leadership team that built Hulu, the video on demand service owned by Disney, Fox, NBC, and Time Warner.


Editor

Steve is an award-winning editor and copywriter with 20 years’ experience specialising in consumer technology and video games. He was part of a BAFTA nominated developer studio as project manager for the UK’s first fully interactive digital TV channel. In addition to editing TheVirtualReport.biz, Steve contributes to PocketGamer.biz, PCGamesInsider.biz and BlockchainGamer.biz, as well as creating marketing content for a range of SMEs and agencies.

Comments

No comments
View options
  • Order by latest to oldest
  • Order by oldest to latest
  • Show all replies
Important information

This site uses cookies to store information on your computer. By continuing to use our site, you consent to Steel Media's privacy policy.

Steel Media websites use two types of cookie: (1) those that enable the site to function and perform as required; and (2) analytical cookies which anonymously track visitors only while using the site. If you are not happy with this use of these cookies please review our Privacy Policy to learn how they can be disabled. By disabling cookies some features of the site will not work.