US-based communications platform AltspaceVR secured $10.3m in series A funding yesterday from investors including internet company Tencent and cable and telecommunications service Comcast.
Comcast, which invested through its Comcast Ventures unit, was joined by Raine Ventures, the venture capital division of merchant bank Raine, Maven Ventures, Dolby Family Ventures, Lux Capital, Western Technology Investments (WTI), Promus Ventures, Streamlined Ventures and Rothenberg Ventures.
AltspaceVR has built a virtial reality communications platform that can be used with VR headset Oculus Rift, 3D television sets and desktop computers. The platform was launched in beta in May 2015 and is currently available in 50 countries.
The company raised $5.2m in a September 2014 seed round featuring Google Ventures, the corporate venturing unit of internet company Google, Tencent, Raine, Dolby, Rothenberg, Promus, Lux, WTI, Streamlined, Formation 8, Foundation Capital, SV Angel and Haystack Fund.
Eric Romo, founder and chief executive of AltspaceVR, said: “We are working hard to make AltspaceVR the most natural and fulfilling way to communicate online, and our new capital will help us get there faster.
“We cannot wait to show our community some of the exciting new things we are building.”