InstaVR lands a $2 million series ‘A’ investment that is led by The Virtual Reality Fund. InstaVR offers a very simple Virtual Reality app creation by allowing non-developers to easily put together pieces of 360 degree photos and videos for very simple branded experiences and later on publishing it to a broad range of Virtual Reality platforms.
The company’s newly announced $2 million Series ‘A’ funding comes from three major clients which are Smithsonian American Art Museum, AECOM, and transcosmos Inc. Many platforms are very much in the pre-content creation phase and InstaVR is investing on the fastest growing trend of Virtual Reality. The InstaVR is a publishing platform and the Smithsonian now offers the world’s largest collections of art being made in the United States via an immersive 360-degree application experience. It is true that InstaVR provides offers a simple to use yet powerful creation tool. Users can install this free app on iOS and android.
The VR Fund’s investment continues to emphasize their deep interest in the Virtual Reality space. The VR Fund investments in Owlchemy Labs, Spaces, or Visionary VR are well-positioned so as to continue to drive funds for marketplace leaders. With a total investment of $50M in their warchest, they are looking for more investment. We think they want to do something great like $10 Billion Conglomerate which is being led by HTC.