Friday, August 5, 2016

TheWaveVR Raises $2.5M For VR Live Music Platform

Los Angeles- and Austin-based TheWaveVR announced this morning that it has raised $2.5M in a seed funding round, for its efforts to develop a virtual reality experience specifically for experiencing live music. The startup said the funding came from KPCB Edge, Presence Capital, Rothenberg Ventures, RRE Ventures, The VR Fund, Seedcamp, and angels such as Mike Fischer (Square Enix) and Joe Kraus (GV). The startup, led by Adam Arrigo, is developing a VR platform which lets users join an immersive live music environment, interacting with both the musician and other fans in a virtual space. Arrigo says it is initially aiming its service at DJs, letting them mix tunes and modify the virtual environment while fans interact as avatars within the VR environment. The company says it will be holding a "VR RAVE" this week at the VRLA conference. More information »

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