Oculus Rift secure $16 million in venture capital

Good news for fans of VR.
Text: Bengt Lemne
Published 2013-06-18

Oculus Rift, while successfully kickstarted and universally hailed by gaming media, could certainly do with a cash injections as the VR device is heading to market. The company has secured $16 million "in a Series A funding round co-led by Spark Capital and Matrix Partners, along with Founders Fund and Formation 8".

On the official official Oculus Rift blog:

"As I mentioned before, the funding opens up all sorts of doors for Oculus. It helps us hire the best and brightest minds in VR from around the world. It lets us experiment and prototype with more cutting-edge tech. And it allows us to build a badass, consumer VR gaming platform, the likes of which the world has never seen."

Back