Investment in virtual reality (VR) development is currently a huge global trend that shows no sign of slowing down. Following HTC’s recent commitment to the HTC Vive X Accelerator Program, the company has formed an alliance with many other investment firms offering a total of $10bn USD to VR content creators.
The Virtual Reality Venture Capital Alliance (VRVCA) was formed to aid long-term growth in the VR industry through sharing and investing in both technology and content creators. The VRVCA is formed of 30 VR specialist investors who will meet six times per year in Beijing and San Francisco, however the $10bn USD fund is available to developers anywhere in the world.
The full list of founding members of the VRVCA is as follows:
Blue Run Ventures
Colopl VR Fund
Harvest Tech Investments
Hyperion Media Group
Infinity Venture Partners
Qiming Venture Partners
The VR Fund
“We are not searching for the next technology revolution because it is already here. We are searching for the next entrepreneur to lead it,” reads a declaration on the official VRVCA website.
The VRVCA has not yet announced any investments that have been made, however interested parties are being invited to submit their pitch deck to the alliance via the official website. VRFocus will keep you updated with all the latest details on the VRVCA and future investment opportunities in the VR industry.