Kinzon Capital, the venture capital fund backed by conglomerate Fosun, has participated in a funding round of undisclosed size for US-based virtual reality technology developer USens, China Money Network reported on Friday.
The round, reportedly sized at tens of millions of dollars, was also backed by private equity and venture capital firm Morningside Ventures and other, unnamed investors.
Founded in 2013, USens has created a headset called Impression Pi that is compatible with third-party virtual reality mobile apps, and which incorporates 3D gesture, position and head tracking technology. The headset can also be used with augmented reality applications.
USens received $5.5m in a September 2015 pre-series A round co-led by IDG Ventures, a VC affiliate of media company International Data Group, Lebox Capital and Maison Capital. The earlier round also featured Stone Capital, Fulcrum Capital, ChuanCheng Fund and Chalor Capital.