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VR Start Up Spaces Raises Further $6.5m Investment

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Spaces VR logo

Spaces, a Virtual Reality (VR) and Mixed Reality (MxR) LA start up, has raised a further $6.5 million investment, led by China’s Songcheng Performance Development Co.. This takes the total seed funding raised to $9.5 million.

Other investors include Comcast Ventures as well as Boost VC, Colopl VR Fund, Gree, Kai Huang, The Venture Reality Fund, Youku Global Media Fund and CRCM VC.

Spaces has links to Songcheng as a joint venture partner in the company’s theme park arm dedicated to creating new VR and MxR attractions.

we’re fundamentally re-imagining the theme park experience

Spaces co-founder and CEO Shiraz Akmal said, “Through our Spaces parks and attractions division, we’re fundamentally re-imagining the theme park experience.  Together with our Songcheng joint venture, this new capital expands our efforts to create entirely new kinds of VR-enabled destinations.”

New appointees to Spaces board of directors are ex DreamWorks Animation CFO Fazal Merchant, Comcast Ventures MD Michael Yang and Songcheng Technology GM Ethan Wang.

http://www.hollywoodreporter.com/behind-screen/virtual-reality-firm-spaces-raises-65m-964279

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Rachel Reed

Rachel Read

Rachel is Finance Director. She has a degree in engineering from Cambridge University and qualified as a Chartered Accountant at Deloittes in London. She worked in finance in industry for twenty years. She oversees our news and also manages our events.

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