The Venture Reality Fund/VRF

The Venture Reality Fund, established in 2016 and based in Redwood City, California, is a venture capital firm that focuses on early-stage startups in the augmented reality, virtual reality, and mixed reality sectors. The firm aims to drive innovation at the intersection of immersive and intelligent computing, targeting companies in various industries, including consumer products, enterprise solutions, artificial intelligence, and healthcare. The Venture Reality Fund operates globally, making investments primarily in North America, Japan, Europe, and South Korea. Its second fund, launched in 2021, plans to execute at least 35 investments, further solidifying its commitment to advancing technology in both consumer and enterprise markets.

Past deals in Virtual Reality

Nanome

Venture Round in 2024
Nanome Inc. is a software company based in North Hollywood, California, founded in 2015. It specializes in developing a collaborative XR software platform that enhances scientific discovery through the use of virtual reality and blockchain technologies. This platform streamlines computational workflows at the molecular level, enabling a broader range of scientists to utilize advanced molecular computations and artificial intelligence. Nanome primarily collaborates with the biopharma industry but also extends its services to sectors such as food and beverage, material science, and education. The company's open-source platform allows scientists to explore molecular structures effectively, facilitating pattern recognition, molecular visualization, and an efficient drug design and discovery process. Additionally, it helps medicinal chemists and structural biologists understand complex molecular data, collaborate more effectively, and protect their intellectual property through blockchain integration.

Nanome

Venture Round in 2023
Nanome Inc. is a software company based in North Hollywood, California, founded in 2015. It specializes in developing a collaborative XR software platform that enhances scientific discovery through the use of virtual reality and blockchain technologies. This platform streamlines computational workflows at the molecular level, enabling a broader range of scientists to utilize advanced molecular computations and artificial intelligence. Nanome primarily collaborates with the biopharma industry but also extends its services to sectors such as food and beverage, material science, and education. The company's open-source platform allows scientists to explore molecular structures effectively, facilitating pattern recognition, molecular visualization, and an efficient drug design and discovery process. Additionally, it helps medicinal chemists and structural biologists understand complex molecular data, collaborate more effectively, and protect their intellectual property through blockchain integration.

AstroBeam

Seed Round in 2023
AstroBeam is a technology company specializing in virtual reality (VR) platforms. It develops multiplayer VR games, focusing on ease of use and natural interaction between players. The company's key features include hand tracking and voice communication, aiming to provide a comfortable and engaging gaming experience for users to socialize and have fun in a virtual environment.

ShapesXR

Seed Round in 2023
ShapesXR enables users to instantly create fully immersive scenes and populate them with crucial artifacts which were previously impossible for people without the time and resources to develop costly physical environments, mock-ups, or experience laboratories.

Windup Minds

Pre Seed Round in 2023
Windup Minds is a gaming studio specializing in the development of virtual reality (VR) and mixed reality (MR) pet experiences. The company's primary business is to create and market immersive virtual pet games, fostering a deep connection between users and virtual creatures within the comfort of their own homes, using headsets.

Obsess

Non Equity Assistance in 2022
Obsess, Inc., established in 2016 and headquartered in New York, specializes in developing augmented and virtual reality software for innovative shopping experiences. Its platform empowers brands and retailers to create engaging, personalized, and immersive 360 shopping environments across various channels, including in-store, online, and social networks. By integrating AI-powered interactive 3D solutions, Obsess transforms traditional e-commerce interfaces into captivating, custom-built experiences, fostering stronger customer relationships and providing valuable shopping insights. The company has successfully launched over 200 stores for leading brands across retail, beauty, luxury, consumer packaged goods, and media sectors, solidifying its position as the market leader.

Monaverse

Series A in 2022
Mona’s mission is to empower people around the world to create, collect, and share high quality immersive experiences on the blockchain, growing the Open Metaverse. Mona is the medium of the metaverse.

JADU

Series A in 2022
Jadu AR Inc., operating under the name Jadu, is a company based in Los Angeles, California, that specializes in augmented reality technology. Founded in 2019, Jadu has developed a mobile application that enables users to engage with holograms of their favorite musicians and performers, allowing fans to perform alongside these virtual representations. The application is available on the App Store, enhancing the interactive entertainment experience for users by blending real and digital performances.

Remio

Seed Round in 2022
Remio is a developer of a virtual reality platform that facilitates interactive collaboration experiences for teams. The company provides pre-configured VR headsets to each team member, enabling them to participate in engaging team-building activities and casual games. In addition to fostering team connection, Remio's platform includes collaboration tools such as whiteboarding, Jira project planning, and presentation rooms. It automates note-taking and post-meeting follow-ups, capturing data in a searchable format to enhance productivity. By leveraging augmented reality and virtual reality technologies, Remio aims to maintain a strong company culture and promote bonding among remote employees.

RSTLSS

Seed Round in 2022
RSTLSS is a developer of a digital fashion label that allows individuals to freely and fluidly express their identity. The company's platform gives artists, brands, and influencers the freedom and access to create and sell multiverse fashion through an engaging, gamified experience. It also grows crypto-native brands and onboards traditional internet protocols (IPs) into the metaverse via curated non-fungible token (NFT) drops, allowing them to create and monetize wearables and merchandise in the metaverse while maintaining complete control over their visual identities.

JADU

Seed Round in 2021
Jadu AR Inc., operating under the name Jadu, is a company based in Los Angeles, California, that specializes in augmented reality technology. Founded in 2019, Jadu has developed a mobile application that enables users to engage with holograms of their favorite musicians and performers, allowing fans to perform alongside these virtual representations. The application is available on the App Store, enhancing the interactive entertainment experience for users by blending real and digital performances.

Obsess

Series A in 2021
Obsess, Inc., established in 2016 and headquartered in New York, specializes in developing augmented and virtual reality software for innovative shopping experiences. Its platform empowers brands and retailers to create engaging, personalized, and immersive 360 shopping environments across various channels, including in-store, online, and social networks. By integrating AI-powered interactive 3D solutions, Obsess transforms traditional e-commerce interfaces into captivating, custom-built experiences, fostering stronger customer relationships and providing valuable shopping insights. The company has successfully launched over 200 stores for leading brands across retail, beauty, luxury, consumer packaged goods, and media sectors, solidifying its position as the market leader.

Virtualitics

Series B in 2021
Virtualitics Inc. is a data analytics and visualization company based in Pasadena, California, founded in 2015. It specializes in machine learning, artificial intelligence, and 3D visualization, offering the Virtualitics Immersive Platform. This platform allows enterprise customers to analyze data collaboratively in a virtual environment, uncovering actionable insights through advanced visualization techniques. Additionally, Virtualitics provides expert advisory services in machine learning. The company also focuses on defense applications, leveraging its AI capabilities to enhance mission readiness and operational efficiency. By transforming complex data into multi-dimensional graph visualizations, Virtualitics enables organizations to make informed business decisions and predict future outcomes without the need for extensive coding.

Interplay Learning

Series B in 2021
Interplay Learning Inc. is an education technology company based in Austin, Texas, that specializes in online training solutions utilizing 3D simulations and virtual reality. Founded in 2010, the company focuses on enhancing career skills and technical aptitude for students and professionals across various industries. Interplay Learning offers a wide range of training courses, including HVAC, electrical, energy auditing, manufacturing, and construction codes. Its innovative platform combines interactive simulations, instructional videos, and procedural guides to create immersive learning experiences that improve understanding and application of complex concepts. The company serves a diverse clientele, including educational institutions, government agencies, and industry organizations, and also develops tailored training simulations for manufacturers to support their technician training needs globally.

Obsess

Seed Round in 2020
Obsess, Inc., established in 2016 and headquartered in New York, specializes in developing augmented and virtual reality software for innovative shopping experiences. Its platform empowers brands and retailers to create engaging, personalized, and immersive 360 shopping environments across various channels, including in-store, online, and social networks. By integrating AI-powered interactive 3D solutions, Obsess transforms traditional e-commerce interfaces into captivating, custom-built experiences, fostering stronger customer relationships and providing valuable shopping insights. The company has successfully launched over 200 stores for leading brands across retail, beauty, luxury, consumer packaged goods, and media sectors, solidifying its position as the market leader.

Wave

Series B in 2020
Wave focuses on interactive virtual experiences with a mission to help artists make money at the intersection of gaming and entertainment. Wave’s technology enables musicians to create lifelike avatars of themselves that can “perform” their music on a virtual stage. Most of these virtual shows take place either on the company’s YouTube channel, but Wave’s apps let users tune in on gaming consoles, phones or even the Oculus Rift VR headset. While watching a Wave, viewers can log in to comment in a chat function and give live feedback to the avatar performers.

Embodied Labs

Seed Round in 2020
Embodied Labs, Inc. is a virtual reality training platform that focuses on enhancing the education and support of family members and caregivers for older adults. Founded in 2016 and based in Los Angeles, California, the company offers an immersive training environment that simulates real-life challenges faced by older adults and their caregivers. This platform aims to foster a transformational cultural change in various sectors, including long-term care, home health, and academic institutions, by encouraging a shift in how caregivers perceive and interact with elderly individuals. Embodied Labs provides a user-friendly curriculum that builds both skills and empathy among healthcare professionals, enabling them to deliver better care. Additionally, the platform includes a robust data analytics component that tracks caregiver training progress, offering valuable feedback for continuous improvement. With locations in California, Illinois, and South Carolina, Embodied Labs has garnered recognition, including the 2018 Bill and Melinda Gates Foundation Global XR in Education Prize Challenge.

Replica Studios

Seed Round in 2019
Replica Studios is a company that specializes in voice imitation software, enabling the creation of expressive voice-overs and performances through advanced artificial intelligence. Founded in 2018 and based in Brisbane, Queensland, the company’s technology captures unique speech patterns, accents, and emotional nuances to produce realistic voice replicas. This innovative platform allows creative professionals and voice actors to scale and license their voices for various applications, including video games, movies, streaming services, and advertising. By leveraging AI, Replica Studios enhances the capabilities of content creators, offering a new dimension to audio production.

YUR

Pre Seed Round in 2019
YUR Inc. is a fitness and health platform that utilizes virtual reality to transform workouts into engaging gaming experiences. Founded in 2019 and based in San Francisco, California, YUR develops software solutions that allow users to track their fitness and health metrics while participating in VR games. The mobile companion application enables calorie tracking, making fitness more enjoyable and accessible for at-home users. By combining gaming with physical activity, YUR aims to create a more immersive and less taxing approach to fitness.

Vantage Point

Seed Round in 2018
Vantage Point develops and provides employee training programs utilizing virtual reality (VR) technology to enhance enterprise training in areas such as diversity, equity, inclusion, and workplace anti-sexual harassment. Founded in 2017 and based in Denver, Colorado, the company aims to transform traditional training methods by creating immersive experiences that foster empathy and personal growth. Vantage Point serves a diverse range of sectors, including technology, consumer goods, consulting, education, and recruiting. The company's innovative platform focuses on developing emotional intelligence and essential soft skills, ultimately helping individuals unlock their potential. Vantage Point is recognized for its commitment to advancing workforce learning and is led by a female and Black founder.

InstaVR

Series B in 2018
InstaVR, established in 2015 and based in San Francisco, specializes in providing software tools for creating and publishing virtual reality (VR) applications. Its flagship product, InstaVR, allows users to import VR content, customize branding, and publish to various VR platforms. The company also develops tailored VR applications for diverse markets, such as real estate, tourism, and education. With over 50,000 businesses worldwide, including US government agencies, using its platform, InstaVR facilitates VR marketing and analysis through its heat-map display feature.

Beat Saber

Seed Round in 2018
Beat Saber is a virtual reality rhythm game where players slash the beats of adrenaline-pumping music as they fly towards them. They support all official songs in the base game and official music packs.

Wave

Series A in 2018
Wave focuses on interactive virtual experiences with a mission to help artists make money at the intersection of gaming and entertainment. Wave’s technology enables musicians to create lifelike avatars of themselves that can “perform” their music on a virtual stage. Most of these virtual shows take place either on the company’s YouTube channel, but Wave’s apps let users tune in on gaming consoles, phones or even the Oculus Rift VR headset. While watching a Wave, viewers can log in to comment in a chat function and give live feedback to the avatar performers.

Virtualitics

Series B in 2018
Virtualitics Inc. is a data analytics and visualization company based in Pasadena, California, founded in 2015. It specializes in machine learning, artificial intelligence, and 3D visualization, offering the Virtualitics Immersive Platform. This platform allows enterprise customers to analyze data collaboratively in a virtual environment, uncovering actionable insights through advanced visualization techniques. Additionally, Virtualitics provides expert advisory services in machine learning. The company also focuses on defense applications, leveraging its AI capabilities to enhance mission readiness and operational efficiency. By transforming complex data into multi-dimensional graph visualizations, Virtualitics enables organizations to make informed business decisions and predict future outcomes without the need for extensive coding.

Varjo

Series A in 2017
Varjo Technologies, established in 2016 and based in Helsinki, Finland, specializes in the development of high-fidelity virtual and augmented reality headsets. Its flagship product features a unique bionic display, offering human-eye resolution in the central field of view, surrounded by lower-resolution displays. This design mimics human vision, enhancing immersion and performance in VR and AR experiences. Varjo's customer base includes prominent industry leaders such as Boeing, Lockheed Martin, and Audi, demonstrating the practical applications of its technology in various sectors. The company aims to transform how people work, interact, and play by pioneering metaverse technologies.

Immersv

Series A in 2017
Immersv, Inc. is a company based in Castro Valley, California, that specializes in mobile virtual reality application distribution. Founded in 2015, it has developed a platform that facilitates the discovery and advertising of virtual reality content. The platform merges interactive 360-degree advertising with programmatic real-time bidding, enabling advertisers to effectively serve ads within virtual reality applications, games, and augmented reality content. This approach helps developers enhance both the distribution and monetization of their content while connecting advertisers with consumers through immersive experiences. Immersv aims to drive mass consumer adoption of digital markets in the evolving landscape of virtual and augmented reality.

Torch 3D

Seed Round in 2017
Torch 3D is a developer of an augmented and virtual reality prototyping platform that aims to revolutionize the way applications are built and experienced. The platform enables designers to create and design in 3D for immersive virtual reality environments quickly and efficiently, requiring no prior knowledge of game or software development. This user-friendly approach allows teams to collaborate and iterate on prototypes in real-time, across various platforms and devices. By streamlining the prototyping process, Torch 3D facilitates innovation and enhances the overall design experience in the AR and VR space.

Vivid Vision

Seed Round in 2017
Vivid Vision, Inc. is a company that develops interactive and immersive 3D games aimed at treating vision disorders, particularly amblyopia and strabismus, commonly known as lazy eye and crossed eyes. The company offers a software suite that includes interactive tests for various visual assessments such as eye dominance, suppression, and contrast sensitivity. This suite enables clinicians to monitor and manage patient experiences through a touchscreen interface. By utilizing virtual reality technology, Vivid Vision's system measures eye muscle imbalances and presents tailored images to each eye, facilitating effective treatment and assessment of binocular vision. Founded in 2014 and based in San Francisco, California, Vivid Vision primarily serves eye clinics across North America.

Vizor.io

Seed Round in 2017
Vizor is an online platform that lets its users explore, create, and publish virtual reality on the web.

Virtualitics

Series A in 2017
Virtualitics Inc. is a data analytics and visualization company based in Pasadena, California, founded in 2015. It specializes in machine learning, artificial intelligence, and 3D visualization, offering the Virtualitics Immersive Platform. This platform allows enterprise customers to analyze data collaboratively in a virtual environment, uncovering actionable insights through advanced visualization techniques. Additionally, Virtualitics provides expert advisory services in machine learning. The company also focuses on defense applications, leveraging its AI capabilities to enhance mission readiness and operational efficiency. By transforming complex data into multi-dimensional graph visualizations, Virtualitics enables organizations to make informed business decisions and predict future outcomes without the need for extensive coding.

Rec Room

Seed Round in 2017
Rec Room Inc., founded in 2016 and based in Seattle, Washington, operates an online platform that serves as a virtual social club where users can create and play games with friends. The company focuses on augmented and virtual reality experiences, facilitating social interactions and multiplayer gameplay. Its application allows users to engage in a virtual environment, enabling them to chat, meet, and socialize with others globally. Rec Room aims to build a vibrant community centered around gaming and social engagement.

Drifter Entertainment

Seed Round in 2016
Drifter Entertainment, Inc. is a virtual reality game studio based in Kirkland, Washington, founded in 2016. The company focuses on developing innovative and engaging VR games, drawing on the extensive experience of its team in creating influential games and platforms in the augmented reality (AR) and virtual reality (VR) sectors. Drifter Entertainment is dedicated to leveraging its expertise to produce high-quality VR gaming experiences that resonate with players.

InstaVR

Series A in 2016
InstaVR, established in 2015 and based in San Francisco, specializes in providing software tools for creating and publishing virtual reality (VR) applications. Its flagship product, InstaVR, allows users to import VR content, customize branding, and publish to various VR platforms. The company also develops tailored VR applications for diverse markets, such as real estate, tourism, and education. With over 50,000 businesses worldwide, including US government agencies, using its platform, InstaVR facilitates VR marketing and analysis through its heat-map display feature.

Wave

Seed Round in 2016
Wave focuses on interactive virtual experiences with a mission to help artists make money at the intersection of gaming and entertainment. Wave’s technology enables musicians to create lifelike avatars of themselves that can “perform” their music on a virtual stage. Most of these virtual shows take place either on the company’s YouTube channel, but Wave’s apps let users tune in on gaming consoles, phones or even the Oculus Rift VR headset. While watching a Wave, viewers can log in to comment in a chat function and give live feedback to the avatar performers.

Owlchemy Labs

Series A in 2016
Owlchemy Labs LLC is a game studio based in Austin, Texas, founded in 2010. The company specializes in developing mechanic-driven games and virtual reality experiences, focusing on creating absurd and polished titles. Owlchemy Labs has produced a variety of original games for over 20 platforms, including notable titles such as Job Simulator, which was featured at Sundance, and the Adult Swim published Rick and Morty Simulator: Virtual Rick-ality. Other acclaimed games include Dyscourse, Jack Lumber, Snuggle Truck, and Aaaaaculus!, developed in collaboration with Dejobaan. As a pioneer in the VR space, Owlchemy Labs has contributed to the gaming community by sharing its expertise and knowledge, notably through the VR Austin group, which has grown to over 2,000 members. The company continues to be influential in the development of virtual reality gaming.

Spaces

Seed Round in 2016
Spaces, officially formed in January 2016, says it’s already working on a range of VR and mixed-reality projects with companies including NBCUniversal, Microsoft, Big Blue Bubble and the Hettema Group. Platforms it’s developing for include Oculus Rift, HTC Vive, Microsoft HoloLens, Samsung Gear VR, PlayStation VR and Google Cardboard. “Spaces has a compelling and clear vision to be the catalyst for companies looking to create VR and MxR (mixed reality) experiences,” Comcast Ventures managing director Michael Yang said in a statement. “Spaces is combining remarkable capabilities, tools and creativity to push the boundaries of the VR frontier.”

Mindshow

Series A in 2016
Mindshow operates a virtual production platform that simplifies the animation creation process using real-time technology. Its enterprise software solution allows entertainment brands to produce studio-quality animations more quickly, reducing production time while preserving creative control. The platform incorporates advanced voice technology, virtual studio cameras, motion capture, and asset management tools, making it a valuable resource for major brands like Mattel, ESPN, Netflix, and Pepsi. Mindshow's three-dimensional animation studio enables users to create animated films in virtual reality, allowing for the integration of voice and body movements and the recording of actions from various angles. With a team of over 40 experts in technology, gaming, visual effects, animation, and media, Mindshow is dedicated to empowering entertainment brands to bring stories to life with increased efficiency. Based in Los Angeles, the company focuses on delivering premium animated content that aligns with the creative ambitions of its partners.

The Rogue Initiative

Seed Round in 2016
The Rogue Initiative is a Los Angeles-based virtual reality and digital entertainment studio that specializes in creating cinematic content and immersive experiences for various platforms, including virtual reality, video games, film, and television. The company brings together award-winning professionals from notable entertainment firms such as Amblin Entertainment, Pixar, Dreamworks Animation, Disney, and Activision Entertainment. Through this collaboration, The Rogue Initiative aims to develop new AAA experiences that blend storytelling and innovative technology in the realm of digital media.
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