Live streaming VR company NextVR officially announced its Series B round of funding, raising $80 million that should help the Laguna Beach, California-based startup secure the rights to broadcast various live events in VR.
NextVR raised a $30.5 million Series A round in November last year. In July, Chinese investment group CITIC gave NextVR $20 million apparently toward this $80 million Series B round. New investors in the round include CITIC, NetEase, CMC Holdings, SoftBank Corp., VMS Investments Group, Founder H Fund, China Assets (Holdings) Limited, and Spectrum 28. Previous investors also participated in the round, including Formation Group, Time Warner Investments, Comcast Ventures, Stephen Ross’s RSE Ventures and others.
You must be logged in to post a comment.