Venture Reality Fund's Marco DeMiroz
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Gaming veterans start $50M virtual reality and augmented reality fund

  • Posted byby Dean Takahashi
  • Updated
  • 2 min

Two industry veterans have started a $50 million venture capital fund to invest in early-stage virtual reality, augmented reality, and mixed reality startups.

Marco DeMiroz, former chief executive of PlayFirst, and Tipatat Chennavasin, former head of mobile game maker Big Head Mode, have started the Venture Reality Fund to fund innovative companies across a wide variety of sectors in the emerging VR, AR, and MR landscapes. They’re a part of the growing ecosystem behind AR and VR, which are expected to become a $120 billion market by 2020, according to tech advisor Digi-Capital.

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Written by

Dean Takahashi

Dean Takahashi is editorial director for GamesBeat. He has been a tech journalist since 1988, and he has covered games as a beat since 1996. He was lead writer for GamesBeat at VentureBeat from 2008 to April 2025. Prior to that, he wrote for the San Jose Mercury News, the Red Herring, the Wall Street Journal, the Los Angeles Times, and the Dallas Times-Herald. He is the author of two books, "Opening the Xbox" and "The Xbox 360 Uncloaked." He organizes the annual GamesBeat Next, GamesBeat Summit and GamesBeat Insider Series: Hollywood and Games conferences and is a frequent speaker at gaming and tech events. He lives in the San Francisco Bay Area.