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Seedcamp joins $2.5m seed investment in TheWaveVR

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We’re excited to announce our investment in TheWaveVR, our second investment in the VR/AR space in recent months. TheWaveVR is the world’s first social VR music platform and will launch to the public later this year. The $2.5m seed round includes investors KPCB Edge, Presence Capital, Rothenberg Ventures, RRE Ventures, The VR Fund, and angels including Mike Fischer (ex-CEO Square Enix North America) and Joe Kraus (of GV, formerly Google Ventures).

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At Seedcamp, we’re always looking for ambitious teams solving valuable problems and addressing customer needs through cutting edge technologies. The VR/AR space is a fast-emerging sector where we see a lot of valuable companies being built, whether that’s for the enterprise, education and health, or for consumers. TheWaveVR is firmly in the latter category, not just simply taking music into the VR medium, but re-imagining how both fans and musicians can experience and perform it.

TheWaveVR creates a VR venue where artists can perform live music by simply importing their tracks, customizing the visuals of the venue, and sharing virtual shows. Fans can attend via most major VR head mounted displays, interact with performers, socialize with friends, dance, paint and more.

“We were blown away the first time we experienced TheWaveVR on an HTC Vive. It’s difficult to describe the possibilities, you just have to try it”, says Dave Haynes from the Seedcamp investment team. “We can’t wait to see what more this talented team can build as TheWaveVR emerges as a leading name in music and VR.”

If you’re a company working on VR, AR or the future of 360° video we’d love to hear from you. Applications for pre-seed will open again soon please subscribe to our newsletter to find out when. For seed investment please get an intro into the Seedcamp Investment team.

 

 

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