Wevr, the US-based developer of a network for virtual reality content, has secured $25m in funding from a range of investors, including several corporates, according to a blog post on Saturday.
Samsung Ventures, the corporate venturing unit owned by electronics producer Samsung, Orange Digital Ventures, which invests on behalf of telecommunications network Orange, smartphone maker HTC, recruitment firm Madison Wells and internet company Digital Garage are all part of the investment syndicate.
The corporates were joined by Evolution Media Partners, the private equity firm backed by talent agency CAA, venture capital firms AME Cloud Ventures and Boldstart Ventures, and angel investors Scott McNealy and Ross Levinsohn.
Wevr has built a device-agnostic curated content platform called Transport through which users can post their VR content in a bid to share and promote their work. As people post more content and build followings they may be able to monetise their contributions in future.
HTC provided its share of the latest round in July 2015, paying $10m for a 15% stake. Wevr has now raised approximately $39m in debt and equity since it was founded in 2009, according to press releases and regulatory filings.
The company’s past funding includes a $2.5m series A round closed in 2012 that was led by Spiegel Capital Management and backed by Digital Garage and investment manager Palantir Capital