Gree VR Capital, a San Francisco, CA-based virtual reality/augmented reality/mixed reality investment firm, closed its first fund, at $18.3m.
Gree, Colopl VR Fund, mixi, Inc., Maruhan, Yahoo Japan and Akatsuki are among Limited Partners (LPs) of the fund.
Established in April 2016, the new rebranded GFR Fund is 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.
Led by Teppei Tsutsui, CEO and Managing Director, GREE VR Capital is an affiliate of GREE, Inc., a global leader in mobile gaming industry. To date, the GFR Fund has invested in 17 companies, including VRChat, SPACES, Sliver.tv, Littlstar, Insidemaps, YBVR, Immersv, Experiment 7, TheWaveVR, Sturfee, InsiteVR, Streem, DottyAR, Upload and Torch3D.