Varjo Raises $40M Series D Funding to Expand Cloud-based XR Platform
Varjo, maker of high-end enterprise XR headsets, this week announced it has raised a $40 million Series D investment to continue building its Varjo Reality Cloud software and deliver a “true-to-life industrial metaverse.” Varjo makes some of the highest-end enterprise XR headsets on the market, along with unique software solutions, claiming recently that one quarter […]

Road to VR & Ben Lang

8. September 2022
‘Zombieland: Headshot Fever’ Studio Raises $7M to Continue Development on XR Games
XR Games, the indie VR studio behind Zombieland: Headshot Fever (2021), announced it’s secured $7 million (£5.9m), something the studio says will used to grow both its team and intellectual property as it continues to develop new XR games. The latest funding round led by existing investors Act Media Ventures, Praetura Ventures and Maven. This puts the […]

Road to VR & Scott Hayden

11. Juli 2022
Amazon, Qualcomm & More Invest $11.2M in TRIPP to Build the “mindful metaverse”
TRIPP, a developer creating VR meditation experiences, announced it’s secured $11.2 million funding round which it says will be used to expand so it can meet growing global demand for mental wellbeing apps accessible through AR, VR and mobile platforms. The Series A was led by BITKRAFT Ventures, with participation from Qualcomm, Amazon Alexa Fund, […]

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Road to VR & Scott Hayden

2. Juni 2022
Lynx Secures $4M in Series A Funding, Aims to Become “European Champion of Mixed Reality”
Lynx, the French XR hardware startup known for crowdfunding the Lynx R-1 mixed reality headset, today announced it’s secured $4 million in its Series A round, led by social VR platform Somnium Space. Alongside Somnium Space, participants in the latest funding round also include what Lynx calls early supporters of the company and “other investors involved […]

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Road to VR & Scott Hayden

25. Mai 2022
Google Acquires MicroLED Startup Raxium to Bolster AR Ambitions
Google is adding to its portfolio of XR microdisplay designs and talent, as the company announced it’s acquired microLED (µLED) designer Raxium. The acquisition was previously reported by The Information in March, however now Google has confirmed in a blog post that it has indeed acquired Raxium, a five-year old startup building microdisplays for use in AR […]

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Road to VR & Scott Hayden

5. Mai 2022
Maker of the Taser Acquires VR Studio to Bolster VR Police Training
Axon, the company best known for its Taser stun guns, has announced the acquisition of VR studio Foundry 45 which it says will bolster its VR training offerings. Founded in 1993, Axon is the company behind the well known Taser stun guns which are employed by police and military forces around the world. In modern […]

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Road to VR & Ben Lang

26. April 2022
Veteran VR Studio of ‘Fracked’ & ‘Phantom: Covert Ops’ Raises $35M to Expand Development & Publishing
nDreams, the veteran VR studio behind titles like Fracked (2021) and Phantom: Covert Ops (2020), today announced a $35 million investment from Aonic Group. nDreams was an early adopter of VR, starting with early VR tech demos in 2014, followed by small titles for headsets like Gear VR by 2015, and a larger title, The Assembly, which launched alongside […]

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Road to VR & Ben Lang

29. März 2022
Surgery Training Platform ‘Osso VR’ Secures $66M Series C Financing
Osso VR, the VR surgical training platform, today announced it’s closed a $66 million Series C financing round, something the company says will be used to broaden its VR surgical offering and hire more expert talent. The Series C round was led by Oak HC/FT, which includes participation from Signalfire, GSR Ventures, Tiger Global Management and […]

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Road to VR & Scott Hayden

24. März 2022
FOV Ventures Raises $18 Million to Fund European Metaverse Startups
FOV Ventures is a newly formed venture capital firm which plans to invest in early-stage metaverse startups. The firm says it has raised an initial $18.1 million as part of its first fund. Founding partners David Haynes and Petri Rajahalme announced this month FOV Ventures, a Finland-based early-stage VC firm through which the duo plans to […]

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Road to VR & Ben Lang

22. März 2022
‘Township Tale’ Studio Raises $12.4 Million to Expand Studio & Development
Australia-based Studio Alta, the developer behind A Township Tale, today announced it has raised a $12.4 million seed investment to expand its studio and accelerate development of the game. Studio Alta had been quietly developing its brilliant co-op focused VR game A Township Tale for years on PC as a small indie team. Though it was loved […]

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Road to VR & Ben Lang

26. Januar 2022