AmazeVR, a West Hollywood-based virtual reality startup that allows users to experience musical artists’ VR concerts, has secured $15 million in new funding.
The funding round was co-led by Partners Investment and Murex Partners and was oversubscribed within three weeks, according to TechCrunch. The deal takes AmazeVR to nearly $31 million in capital raised since its launch in 2015, with the startup now plotting a Series B raise in early 2022 to fuel further growth, it told the publication. Founded by former executives of South Korean messaging app Kakao, the company has more than 40 employees across its offices in West Hollywood and Seoul.
AmazeVR’s platform provides music lovers with a more immersive way to experience concerts from home. Fans can join concerts as avatars, come face-to-face with artists, and hang out with other users, co-CEO Ernest Lee told TechCrunch. AmazeVR is rolling out its first commercial VR concert