This month, a total of 14 financings were completed in the VR/AR field at home and abroad, with a total financing amount of about 12.127 billion yuan. Among them, there is 1 domestic transaction with a total financing amount of more than 1 billion yuan, and 13 foreign transactions with a total financing amount of about 11.127 billion yuan.
Financing in key areas
This month, due to Epic Games' large financing, metaverse-related investment accounted for the vast majority, accounting for 89.04%. In other areas, VR financing is still the mainstay.
Financing in subdivisions
It is also affected by the financing of Epic Games, but it can still be seen that the underlying technology is a relatively investment and financing field that has attracted the attention of capital, accounting for 8.25%.
VR (9 strokes in total)
· Moonhub
Financing: $1.4 million
投资机构：Unconventional Ventures领投，Pi Labs和Ada Ventures参投
VR/AR business: training solutions
Company location: London, England
Founded in 2016 by CEO Dami Hastrup with co-founders Vinh Ly and Hannah Sutcliffe, Moonhub hopes to improve learning and development through its CPD-certified immersive VR learning experiences and Spot and Jot technologies.
Moonhub's platform recreates real-world scenarios across multiple domains such as facilities management, safety, and social care, providing a safe, cost-effective, hands-on learning environment and reducing reliance on physical resources.
· StatusPRO
Financing: $20 million Series A
投资机构：Google Ventures领投，Dream Sports、Wise Ventures、DS Sports和Alumni Ventures参投
VR/AR business: games
Company location: Miami, Florida, USA
Founded in 2020 by former rugby players Troy Jones and Andrew "Hawk" Hawkins, StatusPRO initially made VR products for rugby teams, players and coaches for training before expanding into gaming. Its flagship product is the NFL-licensed VR sports simulation game series NFL Pro Era, which was first launched in 2022 and has accumulated more than one million users to date.
· Felix & Paul
Financing: Multi-million dollar strategy
Investors: Export Development Canada (EDC), Business Development Bank of Canada (BDC), SODEC and National Bank of Canada Creative Industries Group
VR/AR业务:影视、娱乐
Company location: Montreal, Canada
Felix & Paul Studios was founded in 2013 by directors Felix Lajeunesse and Paul Raphael, and producer Stéphane Rituit, and is headquartered in Montreal, Canada. The studio started with simple 360-degree videos in 2014 and has since moved on to immersive VR films. Over the past decade, Felix & Paul Studios has not only been acclaimed for its innovative VR titles, such as the Emmy Award-winning Space Explorers series, but has also laid the groundwork for LBVR with Space Explorers: THE INFINITE. Felix & Paul Studios is currently charting a new course for the entertainment and extended reality (XR) industry, with LBVR experiences on new IP expected to be launched in 2025.
· Novobeing
Financing: Strategy
Investment institution: Impact Assets, an impact investment institution
VR/AR business: mental health care
Company location: Boston, Massachusetts, USA
Founded in 2020, Novobeing (formerly known as Rocket VR Health) is a digital health company dedicated to revolutionizing stress management and self-care through VR technology. Novobeing's stress management solutions combine VR technology with scientifically proven methodologies to deliver personalized, immersive experiences that meet individual needs. Its VR platform is designed to increase engagement and efficacy in proven stress reduction and wellness therapies such as meditation, breathing, and cognitive behavioral therapy.
· AutoVRse
Financing: $2 million seed round
Investors: Lumikai led the round with participation from Rajat Monga, co-founder of TensorFlow and Inference.io, Yash Kotak, founder and CEO of Jumper.ai, Deepak Kumar, chief customer officer of Observe.AI, and Viswanathan Krishnamurthy, former CIO/VP of Yahoo and Eaton
VR/AR business: enterprise solutions, games
Company location: Bangalore, India
Founded in 2016, AutoVRse is dedicated to building world-class VR/AR applications. In recent years, the company has been pushing the boundaries of immersive media space and delivering continuous breakthrough deployments in the enterprise VR/AR space. To date, AutoVRse has provided VR solutions to global companies such as Shell, Godrej, Bosch, Tata Motors, Ultratech Cements, Aditya Birla Group, and many more.
In addition, AutoVRse leveraged its in-house gaming lab for R&D to improve its enterprise offerings and developed District M, an innovative social multiplayer VR rhythm game. The demo version of the game was launched on the Quest App Lab two years ago and will soon be available on the Meta Quest Store and Playstation Store.
· Avatar Medical
Financing: €5 million seed round
Investors: Led by GO Capital, with support from Acorn Pacific Ventures and Plug and Play, as well as Rives Croissance and Cenitz, with the participation of 15 surgeons and radiologists
VR/AR business: medical
Company location: Paris, France
Founded in 2020 by a team of French and American entrepreneurs, physicists, engineers and surgeons, Avatar Medical is based in Paris, France, with the aim of enabling shorter, safer and less invasive procedures.
The company provides surgeons with a simple, scalable, real-time solution to engage with patients during patient consultations with stunning 3D and XR renderings. This has revolutionized shared decision-making between patients and surgeons and improved the quality of procedures through digital planning, while providing hospitals with effective solutions to improve patient satisfaction and reduce patient outflow. Not only that, but the Avatar Medical program has changed the way medical students learn anatomy, pathology, and radiology.
· Immertec
Financing: $4 million Series A
Investment institution: A consortium led by investor Hamilton Hunt
VR/AR business: medical training
Company location: Tampa, Florida, USA
Founded in 2017, Immertec is a healthcare training solutions provider focused on harnessing the immersive power of VR to empower the healthcare industry. Its platform features VR and immersive 2D live surgical procedures, on-demand recordings, and data analytics.
· Eggscape Entertainment
Financing: $4.25 million
投资机构：Transcend Fund领投，Venture Reality Fund和战略天使投资人Lautaro Brunatti参投
VR/AR business: MR games
Company location: Santa Monica, Los Angeles County, California, USA
Eggscape Entertainment was founded by the founders of 3DAR, an animation studio based in Buenos Aires, Argentina, and led by co-founders German Heller, Federico Heller, and Jorge Tereso. They are known for their immersive VR experiences, including Gloomy Eyes and Paper Birds.
Currently, Eggscape Entertainment has a team of over 35 developers, artists, and animators in Buenos Aires and Santa Monica whose mission is to usher in a new era of mixed reality gaming. His new title, Eggscape, is an MR multiplayer interactive game designed to provide a fun social experience, inviting players to explore a vibrant, interactive environment that blends seamlessly with the real world.
· AlensiaXR
Financing: $3 million Series A
投资机构：Sopris Capital领投，JumpStart Ventures和University Hospitals Ventures共同管理的医疗保健合作基金以及JobsOhio Growth Capital Fund参投。
VR/AR business: medical education
Company location: Cleveland, Ohio, USA
AlensiaXR (formerly known as Ilumis) is a technology company founded in 2023 by Case Western Reserve University (CWRU) to help it expand its HoloAnatomy learning platform to every anatomy program in the world.
HoloAnatomy has revolutionized anatomy teaching with advanced holographic technology, reducing the need for expensive, resource-intensive cadaveric labs. According to preliminary research, HoloAnatomy enables medical students to learn anatomy twice as fast as dissecting cadavers, and to increase their ability to memorize information in later tests by 44%. Currently, HoloAnatomy software is used by more than 20 organizations around the world.
AR (3 in total)
· KIT-AR
Financing: €3.3 million
投资机构：3XP Global和Blue Crow Capital共同领投，Sintef Venture V、Criteria Venture Tech和Armilar Venture Partners参投
VR/AR business: industrial AR platform
Company location: Lisbon, Portugal
KIT-AR was founded in September 2018 and is headquartered in Lisbon, Portugal, with an office in London, UK. KIT-AR has been focusing on empowering manufacturing workers through AR technology, and is mainly building AR solutions around Microsoft HoloLens. KIT-AR's platform is designed to support industrial workflows by helping to minimize errors and optimize resource utilization through AR technology. The company's patented technology enables manufacturing companies to facilitate human-centric digitalization of the shop floor.
· Brilliant Labs
Financing: Not disclosed
Investor: John Hanke, CEO of Niantic
VR/AR business: AR glasses and AI applications
Company location: Singapore
Founded in 2019 by Bobak Tavangar, Raj Nakarja, and Ben Heald, Brilliant Labs hopes to transform human-computer interaction through AI-embedded AR glasses. The company's flagship product, Monocle, is an open-source wearable AR device designed to help creatives reimagine the future of wearable AI. The device's competitor is Meta's recently released Ray-Ban Meta smart glasses.
In addition, the company launched a rebranded generative AI app, Noa (formerly known as arGPT), while announcing the integration of Stability AI, a visual open-source AI model, into its flagship AR device, Monocle.
· Taqtile
Financing: Not disclosed
投资机构：Scout Ventures
VR/AR business: AR work guidance platform
Company location: Seattle, Washington, USA
Taqtile is an enterprise software provider that leverages AR, cloud computing and LTE/5G networks for knowledge capture and sharing, with a range of tools to improve workflows, train the next generation of hands-on workers, and remove barriers between machine and operator, location and time. By leveraging proven technologies including AR, 3D visualization, and real-time collaborative communications, Taqtile's Manifest platform empowers frontline workers to complete complex tasks more efficiently, completely, and securely than ever before.
Metaverse (1 in total)
· Epic Games
Financing: $1.5 billion
Investment institution: Disney
VR/AR business: games, entertainment, metaverse
Company location: Cary Town, North Carolina, USA
Founded in 1991, Epic Games is one of the most prestigious game production teams, with works such as the Gears of War series, Bulletstorm, Fortnite, and more. In addition, the Unreal Engine developed has been used by countless game production teams.
In the metaverse, Epic Games has partnered with the LEGO Group with a $500 million investment to create a virtual world for children, allowing all children to enjoy this fully immersive and "creative" digital space.
Related Technologies (1 in total)
· Xitai Technology
Financing: Series A
Investment institutions: Wuhu Construction Investment, Sichuan Manufacturing Fund, Ruicheng Fund, Xingzhong Venture Capital, Kunyan Capital, Meishan Tianfu Guidance Fund, etc
VR/R业务:Micro Old
Company location: Wuhu, Anhui Province
Anhui Xitai Intelligent Technology Co., Ltd. was established in June 2016, mainly engaged in the research and development and manufacturing of Micro OLED micro displays, and is committed to providing Micro OLED micro display products and technical support for global users. The silicon-based light-emitting microdisplay chip developed by Xitai Technology is the core component of virtual reality (VR) and augmented reality (AR) devices, and its importance lies in providing a unique human-computer interaction method for computer and sensing technology.