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VR Video Co Raises $40m Investment

Date Type Companies involved Size
July 27th, 2017 investment $40m
VR Video Co Raises $40m Investment

VR video creator and distributor, Within, has raised a further $40m in Series B funding led by London-based holding company WPP, and disruptive content media company, Macro Ventures

WPP made the investment as part of its strategy of focusing on three key areas of technology, data and content. Existing investors Andreessen Horowitz, 21st Century Fox and Raine Ventures have reinvested. The Series B funding brings the total raised by the company to $56.6 million.

 

Emotionally Powerful

Within CEO Chris Milk said, “With the new wave of growth surrounding emerging formats like AR, there’s a tremendous amount of momentum in the industry right now. With incredible investment partners, we now have the opportunity to accelerate getting technically complex, but emotionally powerful, immersive experiences to the public at large.”

 

Vice VRSE

The Los Angeles-based VR/AR company was co-founded as VRSE by award-winning filmmaker Chris Milk and technologist Aaron Koblin in 2014 with the goal of exploring and expanding the potential of immersive storytelling. Within now employs more than 35 people and collaborates with partners that include Apple, The New York Times, NBC Universal, 21st Century Fox and Vice.


Editor

Steve has been a games journalist on and off since the first PlayStation made games ‘cool’, but he’s never forgotten the thrill of finding a Space Invaders machine in the wild. Neuromancer is one of his favourite books and The Matrix is one of his favourite movies, so he’s been ready for VR all his life.

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