HTC leader, VR social company VRChat won 4 million US dollars A round of financing

VR Network was informed that VR social startup VRChat announced a $4 million Series A round of funding led by HTC.

The company was founded in 2014 and was one of the first companies to try VR social networking. Before Oculus had yet to be acquired by Facebook, CEO Graham Gaylor started the project at university, about a month later. Gallo met Jesse Joudrey from EA, a veteran of electronic art who joined VRChat as CTO, and they began to brainstorm for future VR social software. Until March, when they heard Facebook's acquisition of Oculus, the two decided to fully participate in it, turning their interest into entrepreneurship.

VRChat said in an e-mail that "until Facebook bought Oculus, we really knew it was a killer app for VR. One of the biggest assets of VRChat at the time was its community, which is still today. Community driven wants to help establish Virtual world VR enthusiasts, with the establishment of core technologies around Unity, users can easily create avatars, the world, and anything they want.”

In addition, VRChat received a $1.2 million seed round of financing from HTC in 2016. Other investment institutions include Rothenberg Ventures, GREE VR Capital, and Brightstone Venture Capital.

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