vTime, a Liverpool, UK-based virtual reality (VR) sociable network that allows users to meet, chat, broadcast, and share with people around the world, closed a $7.6 million (£5.4m) Series A funding round.
The round was led by Deepbridge Capital, with participation from the Enterprise Investment Scheme, and Liverpool-based institutional loan and equity provider MSIF.
The company intends to use the funds to accelerate global growth and product development, and R&D for the brand’s augmented reality (AR) experience coming later in the year.
Led by founder and CEO Martin Kenwright, vTime is a sociable network that allows anyone, anywhere to socialize with friends in VR. Used in over 190 countries, vTime supports Windows Mixed Reality, Google Daydream, Google Cardboard, Samsung Gear VR, Oculus Rift, and iPhone. Support for HTC Vive, PSVR and more will come soon.
The company has core development and management teams of over 40 people in both its UK Liverpool headquarters and in the USA.