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

Deal

VRChat Gets $4m Investment Led By HTC

Date Type Companies involved Size
September 25th, 2017 investment HTC $4m
VRChat Gets $4m Investment Led By HTC

VRChat has secured $4m Series A funding led by HTC. Other investors include Brightstone VC, GVR Fund and Rothenberg Ventures. The social VR service will benefit from the involvement of HTC Vive as a key investor and strategic partner.

VRChat intends to use the investment to ‘power the future of the metaverse’, both in the consumer and enterprise space.

CEO, Graham Gaylor said, “Our goal is to enable anybody to create their own social VR experiences. Partnering with HTC gets us that much closer to achieving that, and driving social experiences for VR forward”.

The Series A funding round comes almost a year after the company’s initial seed round of $1.2m.


CEO

A footy game fanatic and experienced editor of numerous computing and game titles, lively Chris is up for anything - including running Steel Media! (Madman!)

Comments

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