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Gree VR Capital Completes First $18M VR/AR Fund, Changes Name to GFR Fund

GREE VR Capital, the funding agency backing startups reminiscent of VRChat, TheWaveVR, and Littlstar, at present introduced the completion of its first immersive media fund, totaling $18.3 million in allotted funds.​

The fund has invested in 17 early stage companies over the course of its two-year existence, primarily in the North American VR/AR/MR market. According to a press release provided to Road to VR, the fund will be “actively seeking AR and MR startup companies for investment with a particular focus on mobile AR platforms, AR Cloud, consumer AR applications, and enterprise AR, including AR glasses.”

GREE VR says the team is continuing with its focus on helping U.S. startup companies looking to reach out to Japanese investors and market leaders. The name change, the company says, broadens the fund’s scope to more than just VR, putting more emphasis on ‘frontier technology’, a term intended to encompass VR/AR/MR.

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RoadToVR is the source of this content. This information is distributed for informational purposes only. The information does not constitute investment advice or an offer to invest or anything related to this.

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