Virtual reality (VR) live streaming start-up NextVR has raised $30.5 million in a second round of funding.
NextVR has been the go-to supplier of VR live streams for a few high-profile events, including a live stream of the Democratic Presidential Debate and a live stream of the opening night of the 2015-16 NBA season, when the defending NBA Champion Golden State Warriors faced the New Orleans Pelicans.
Along with the live game presentation, fans could view the Warriors ring ceremony presentation in virtual reality – with the team receiving their championship rings on the court prior to the game.
The funding round was led by Formation 8, with investors including MSG, Dick Clark Productions, Comcast Ventures, Time Warner Investments and others. The amount shows increasing confidence in the technology: the start-up raised only an initial $5 million just over a year ago.
VR is gaining steam elsewhere too: in September, Disney participated in a $65 million round of funding for Jaunt VR. And in July, AltspaceVR raised $10 million from Comcast Ventures and others.