TheWaveVR Announces $6 Million Series A for Immersive Social VR Music App

Published by , April 23, 2018 2:58 pm

(TechCrunch)  TheWaveVR announced a $6 million Series A round and signed the term sheet with their lead investor inside virtual reality. The round, led by RRE Ventures, brings the startup’s total funding to $10 million. Upfront Ventures, KPCB, GC VR Gaming Tracker Fund and The VR Fund also participated in the raise.
The startup is futuristic music festival that never sleeps inside virtual reality. DJs can craft a set onstage and users can teleport around a giant “outdoor” venue while watching light shows that blow up the sky night-after-night. The Austin-based company had a huge opportunity recently at SXSW, where it hosted one of the largest promo events for Stephen Spielberg’s Ready Player One film, a massive virtual reality concert straight out of the movie.

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