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The Wave VR Scores 6 Million In Funding

After a successful collaboration with Ready Player One, it would appear that venture capitalists are ready to invest in the VR concert software.

Blake Morse

April 19, 2018 6:00 AM

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It's been a good year for the team over at the Wave VR and it looks like things are only going to get better for them. The company, which specializes in providing a social platform for VR concerts and events, has recently secured another $6 million dollars in series A funding led by RRE Ventures. Investors include some top venture capital firms like Greycroft VR Gaming Tracker Fund, The VR Fund, and Upfront Ventures. Along with all these companies that you've probably never heard of other investors like Andy Ross from OK Go, the co-founder and CEO of Giphy, Alex Chung, and Matt Brimer of General Assembly have also thrown down on the latest round of funding.

This latest influx of cash brings the Wave VR's funding up to $10 million dollars, which the company claims will allow them to expand the app's community tools as well as bring it onto other platforms. Along with expanding development potential, the company has now opened a Los Angeles office to help them collaborate with artists and musicians on high-profile virtual concerts and events for 2018. 

The latest funding round comes hot on the heels of a successful collaboration with Steven Spielberg's Ready Player One film which gave fans the chance to experience a VR dance club from the movie. 

According to Adam Arrigo, TheWaveVR CEO and co-founder "The VR ecosystem is approaching a tipping point with the release of ‘Ready Player One’. With hardware prices coming down, stand-alone headsets like Oculus Go and Vive Focus on the horizon, and developers discovering best use cases, VR is on a sure path to become mainstream. We spent last year nailing down the format for these fully interactive concerts and proved people love our experience; this year we’re focused on how that content gets created and shared.”

VR aficionados who want to check out the Wave VR for themselves can head over to the company's website for more details.  

Blake Morse

Events Coordinator

Blake has been writing and making videos about pop-culture and games for over 10 years now. Although he'd probably prefer you thought of him as a musician and listened to his band, www.cartoonviolencemusic.com. If you see him on the street, buy him a taco or something. Follow him on twitter @ProfRobot