Some virtual reality startups are having trouble getting the attention of investors, after the first wave of VR headsets failed to live up to the hype. But TheWaveVR has been able to raise $6 million in venture funding for its social VR platform and community for VR music and visual arts experiences.
TheWaveVR turns concerts into social VR experiences where people can dance with each other in a VR disco. The Austin, Texas-based company recently launched a Ready Player One music VR experience that resembles a scene in Steven Spielberg’s movie. That sort of fantasy enabled TheWaveVR to raise the round led by RRE Ventures. Alice Lloyd George, principal at RRE, is joining TheWaveVR’s board.
GamesBeat