AltspaceVR, a Redwood City, CA-based social platform for virtual reality, raised $5.2m in seed funding.
Backers included Dolby Family Ventures, Formation 8, Google Ventures, Lux Capital, Foundation Capital, Rothenberg Ventures, SV Angel, Haystack Fund, Tencent, Raine Ventures, Promus Ventures, Western Technology Investment, etc.
The company intends to use the funds to continue development and build out its team (read here).
Led by Eric Romo, CEO, AltspaceVR is building a social platform for virtual reality that allows users to connect in virtual spaces to create shared experiences around anything on the web.
The AltspaceVR API allows developers to write web code to create new VR experiences and people to watch streaming video, play games, and get work done, together and inside of virtual reality.