NextVR Closes $80 Million Series B Round

Published by , August 15, 2016 4:11 am

(TechCrunch)  NextVR has closed an $80 million Series B round of funding. With this latest splash of cash, NextVR is looking to expand beyond US markets and tackle Asian markets where demand for virtual reality content is growing. New Asia-based investors in the Series B round include CITIC Group, NetEase, CMC Holdings, Softbank Corp, VMS Investments Group, Founder H Fund, China Assets (Holdings) Limited and Spectrum 28.
Brad Allen, NextVR Executive Chairman in a release. “Having the support of Asia’s biggest players provides us with significant resources for creating and distributing both local and international content in China, Korea, and Japan.”

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