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LIV raises $8.5m in Series A funding round

Company to use the investment to expand its team, it also plans to release its proprietary VR tech to creators as well

Yesterday virtual reality livestreaming service LIV announced that it has raised $8.5 million in a Series A funding round.

The platform allows users to film their bodies inside a augmented or virtual reality title of their choice to become a detailed in-game avatar.

The investment was led by Bitkraft Ventures while Sony Innovation Fund, Amazon Alexa Fund, Credo Ventures, Samsung Next, and Olive Tree Capital participated.

LIV said that the funding will go towards expansion of its team and investing into a creator and developer fund.

The company also said that this year it intends to release its proprietary technology to creators.

"As former competitive gamers and VR streamers ourselves, we know what we want & need out of the streaming & casting experience, and set out to solve our own problems," said LIV CEO Dr. Doom.

"This raise allows us to bring on board top tier investors and strategic partners that will help us get closer to our goal of LIV existing on every headset and game."

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