NextVR Grabs $30.5M

What does NextVR do?

NextVR, is a leader in live action virtual reality broadcast technology. It is a tech company which captures and delivers live and on demand virtual reality experiences. From sporting events to rock concerts to fashion shows and everything in between viewers are transported into a life like experience with true broadcast quality. It is better than being there. The company also allows content to be streamed with pristine quality using current home and mobile internet connections. The company is founded by veterans in stereoscopic imaging technology, award winning filmmaker and software development. The company provides a deeply immersive experience.

How much NextVR was funded?

NextVR raised $30.5M on November 11, 2015 from Dick Clark Productions, RSE Ventures, The Madison Square Garden Company, Formation 8, Peter Guber, Time Warner Investments and Comcast Ventures.

Previous funding

$5M in undisclosed round on September 9, 2014 from Vectr Ventures

What is next for NextVR?

NextVR  raised the latest fund with the participation from the biggest names in entertainments and sports. These strategic investments will help the company introduce a range of live virtual reality programs, including concerts, professional sports, award shoes and other events. Brian Koo, a founding member of Formation 8 will join the company’s board of directors.

More about NextVR

NextVR was founded in 2009 by DJ Roller and David Cole. It has its headquarters in Laguna Beach, CA. The company enables the transmission of live, long form virtual reality content in broadcast quality, leading the way for live and on demand VR for becoming a mainstream experience for events, cinematic productions, concerts and a lot more. The company is at the forefront of transformative technology which is revolutionizing the way live action content in being consumed. The company has over 26 patents granted or pending for capture, transmission, compression and displaying of virtual reality content.