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Venture Capital News: AmazeVR Announces $17M Series B Financing

2022-09-27
LOS ANGELES, CA, VR concert production company AmazeVR has raised $17 million in new investments.
Coming fresh off the success of Megan Thee Stallion's virtual reality (VR) concert tour and joint venture (JV) partnership with K-pop giant SM Entertainment (known as Studio A), industry-leading VR concert production company AmazeVR has raised $17M in new investments, with the continued opportunity for interested investors to join the current round. This ongoing round joins the $15M bridge round that was raised in 2021, and puts AmazeVR's current Series B raise at $32M.

Past AmazeVR investors are re-upping their interests, including Mirae Asset Capital, Mirae Asset Venture Investment, CJ Investment, Smilegate Investment, GS Futures, and LG Technology Ventures. New strategic investors will join, including CJ ENM and Krafton.

AmazeVR is a VR concert platform company that brings fans closer to artists than ever before. AmazeVR creates experiences with renowned, bold artists, featuring crystal clarity and unprecedented proximity through live-action 3D footage combined with environments using a proprietary Unreal Engine-based VFX pipeline. AmazeVR creates VR concerts in fantastical new worlds that are widely accessible to fans, distributing through movie theaters and eventually at-home VR.
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