Bigscreen Raises $11 million to Expand its Virtual Desktop Platform
Bigscreen Inc. has now raised $14 million in funding.
Bigscreen Inc. launched its virtual reality (VR) virtual desktop platform Bigscreen Beta back in 2016, since then it’s grown adding all sorts of features to watch or play content as well as socialise. Today, the company has announced the closure of a Series A funding round securing the company $11 million USD of investment.
The round was led by True Ventures with participation from Andreessen Horowitz, both of which took part in a funding round earlier in the year which raised $3 million. As part of the round Toni Schneider – partner at True Ventures – will be joining Bigscreen Inc’s board.
Bigscreen will be using the funding to accelerate the development and expansion of its platform even though it didn’t need the cash. In a blog statement, founder and CEO of Bigscreen Darshan Shankar explained: “As a small, fully remote team of developers around the world, we’ve spent very little of our $3 million seed financing. With several years of runway ahead of us, we didn’t need to raise additional funding.
“However, over the past year, Bigscreen has grown significantly to more than a quarter million users. In just the past few months–led by several major product updates – our core metrics grew over 300%. Our power users spend 20–30+ hours using Bigscreen every week, and many users have spent more than 1,000 hours in Bigscreen.”
If you’ve not tried Bigscreen Beta before it’s freely available for HTC Vive and Oculus Rift headsets, and it’ll be a launch title for Windows Mixed Reality devices when they arrive next week.
For the latest Bigscreen Beta updates, keep reading VRFocus.