Taylor Freeman (left) and Will Mason of UploadVR
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UploadVR raises $1.25M in funding from China’s Shanda Group

  • Posted byby Dean Takahashi
  • Updated
  • 2 min

A year ago, UploadVR was formed as one of many meetups for developers interested in virtual reality. Today, the company has raised $1.25 million in seed funding from China’s Shanda Group.

That tells you how fast things are moving in the world of VR, which is expected to be a $30 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.