The Series A round will bring Vreal’s total funding to US$15 million. The company plans to use the cash to launch its VR broadcast platform targeted at gamers.
Lead investor Axioma Ventures and new investors Intel Capital and Akatsuki Entertainment Technology Fund are participating in Vreal’s funding round, along with existing funding partners Upfront Ventures Vulcan Capital and CRCM Ventures.
Axioma Ventures’ Chet Faliszek and Chris Williams, found and CEO of kids media company pocket.watch, and the former chief audience officer of Maker Studios, the MCN acquired by Disney in 2014, will join the Vreal board.
“VR is an immersive medium, and Vreal is the only way for viewers to step inside someone else’s VR gameplay and enjoy VR content the way it’s meant to be experienced. Immersive virtual worlds are the future of gaming, and we’re building the highway that will take viewers to curated gameplay experiences, all alongside their friends and favourite gaming personalities.” said Todd Hooper, founder and CEO of Vreal.
“Digital content creators are entertainers, and they are hungry for new kinds of unique programming formats to bring to their audiences. Vreal has been delivering exactly that to its first group of creator partners and I’m confident many, many more will find it valuable,” said Williams.
Vreal is focusing on the creation of tools to enable online content creators to record, stream, and share VR experiences with their fans, either via a VR headset or on a 2D screen. The platform is currently in a closed Alpha testing phase.
Starz channels launch on YouTube TV in the US https://t.co/tau2uU4wvz
20 June 2018 @ 16:33:55 UTC
Sony Pictures Television Networks (SPTN) is expanding into OTT in Western Europe https://t.co/1efirQxoZT
20 June 2018 @ 16:32:59 UTC
The UK government has accepted deal terms between 21st Century Fox and Sky https://t.co/jPJ5NRzb2K
20 June 2018 @ 16:32:39 UTC
Viacom secures mobile distribution deal for Paramount+ with Telenor. https://t.co/jiKCXOBSuq
19 June 2018 @ 13:31:53 UTC