VR social network VTime raises $7.6 million round, preps for AR version

VTime, one of the first ever VR social networks, appears to still be going strong; the team behind the app just raised $7.6 million in a Series A round of funding.

The investment was led by Deepbridge Capital and also included U.K.-based loan and equity provider, MSIF. According to a press release, these funds will be used to “accelerate global growth and product development” as well as assist with R&D on a new AR version of the app coming later this year. No details on what to expect from that version just yet, though it’s not hard to imagine the app’s social meetups taking place on a smartphone.