Japanese company, COLOPL and its subsidiary, COLOPL NEXT, have announced a new $50 million VR/AR Fund.
According to Upload VR, COLOPL VR Fund 2 is being invested in companies that are developing virtual and augmented reality experiences.
This brings the total of COLOPL funds focused on the sector to $100 million.
The company describes itself as ‘laser-focused’ on virtual reality.
SPACES Inc. is one of the beneficiaries, having acquired $6.5 million towards its VR theme park plans.
Image courtesy COLOPL