Do you want to know what’s next for the gaming industry? Join gaming executives to discuss emerging areas of the industry at GamesBeat Summit Next in October. Register today.
AmazeVR has announced that it has raised $17 million in new investments as part of its current fundraising round. This brings the total amount raised in Series B to $32 million.
New strategic investors include CJ ENM and Krafton. Past investors retaking their holdings include Mirae Asset Capital, Mirae Asset Venture Investment, CJ Investment, Smilegate Investment, GS Futures and LG Technology Ventures. The round will remain open until the end of the year.
AmazeVR provides a VR-based concert platform and became especially popular during the pandemic. Earlier this year, it hosted Megan Thee Stallion’s Enter Thee Hottieverse VR concert series. According to AmazeVR, the company plans to expand its relationships with artists and hire more employees (the company currently has 62) in preparation for future releases of VR headsets.
A CJ ENM spokesperson said in a statement: “The VR entertainment industry is growing rapidly and we believe music and gaming are two of the most promising sectors for future development. CJ ENM plans to host concerts and music TV shows to into VR music experiences with AmazeVR’s flagship technology, and convert additional original content such as dramas and movies in the future to maximize their content value and business opportunities.”
The GamesBeat credo when talking about the game industry, is ‘where passion and business meet’. What does this mean? We want to tell you how important news is to you — not just as a decision maker in a game studio, but also as a game fan. Whether you’re reading our articles, listening to our podcasts, or watching our videos, GamesBeat helps you learn and have fun with the industry. Discover our briefings.