TheWaveVR has closed a $6 million round for VR content creation.
TheWaveVR has closed a $6 million round for VR content creation.
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TheWaveVR raises $6 million for social VR music and arts platform

  • Posted byby Dean Takahashi
  • Updated
  • 3 min

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.

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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.