Sections

Gree VR Fund invests $18.3m into 17 augmented and virtual reality startups

San Francisco-based venture capital fund re-brands to reflect commitment beyond just virtual reality

Gree VR Capital has announced the end of its first funding round in virtual, augmented, and mixed realities after having committed $18.3 million into 17 different startups.

The San Francisco-based venture capital fund has previously invested in startups such as VRChat, Silver.tv, and Littlestar.

In order to reflect the its commitment to more than just VR, the fund has confirmed a name change to GFR Fund ahead of its second round later this year.

Going forward, the fund is actively seeking AR and MR investment opportunities, with a particular focus on AR platforms, AR Cloud, consumer AR applications, and enterprise AR including AR glasses.

"We are committed to providing the expertise and guidance needed to help our portfolio companies interact with other investors, and drive strategic partnerships with U.S. and Asian corporations that can help them grow and succeed," said Teppei Tsutsui, CEO and managing director of Gree VR Capital.

"We believe that the AR market, especially mobile AR, is finally ready for consumers in 2018 with Google's ARCore and Apple's ARKit enabling developers to create killer content.

"In addition to consumer AR, we are also interested in enterprise applications such as AR Cloud, navigation, advertising, social media, and consumer content via smartphones or AR glasses."

More stories

Game streaming start-up Playco lands $100m in Series A funding

Zynga co-founder, ex-DeNA director, Game Closure co-founder and senior producer raise money for browser-based approach

By Brendan Sinclair

Krafton makes Bluehole into an independent subsidiary

Previously, Bluehole had been an internal development studio after 2018 Krafton rebranding

By Rebekah Valentine

Latest comments

Sign in to contribute

Need an account? Register now.