Star Wars gets a full VR experience for HTC Vive.
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VR venture capital alliance forms $10 billion investment fund

  • Posted byby Dean Takahashi
  • Updated
  • 1 min

Virtual reality has some real fuel to burn now. A bunch of venture capital firms and VR companies such as HTC have formed the Virtual Reality Venture Capital Alliance with $10 billion in funding to invest in VR and augmented reality projects.

That’s a huge amount of money — more than typically is invested in the entire game industry over a couple of years — to invest in a single sector. But it tells you how bullish the 28 VC firms and VR/AR companies are when it comes to the potential of VR, which is forecast to be a $30 billion market by 2020, according to tech M&A adviser Digi-Capital. This will be a hot topic at our AR/VR day at our GamesBeat 2016 conference on Aug. 1-3.

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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.