NOLO VR Receives US$10 Million for Mobile VR Interaction Devices

Published by , May 28, 2018 1:26 pm

(Vivian) NOLO VR, a technology company focused on mobile VR interaction, announced recently that they have completed Series A funding of US$10 million. This round of investment was led by Blue Run Venture Capital, followed by Lotus Capital. Previously, NOLO VR had secured Lotus Capital, Galileo Capital’s Pre-A round and Angels round of investment.
Wei Cao, the executive director of Blue Run Venture Capital, said that the mobile VR based on smartphones has a huge global market. In the mobile VR ecosystem, the interactive interface is a key pain point that limits the immersive VR experience for users. The NOLO VR team solved the pain point in mobile VR interaction through original underlying technology and spatial positioning algorithms, and enabled users to use VR devices as easily as Bluetooth earphones.

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