Virtual stadium developer Virtex closed $3.2M in seed funding
Did you miss a session from GamesBeat Summit 2022? All sessions are available to stream now. Learn more.
Virtex is expanding its team thanks to $3.2 million raised in a round of seed funding. The company is a VR focused virtual stadium developer, with a focus towards esports. Supporters of the funding round include Global Founders Capital, All Iron, Graph Ventures and a number of other angel investors.
The Virtex Stadium is a social virtual reality experience. People can join a lobby and hang around to chat with dozens of others. Or they can head directly into the stadium proper to grab a seat to watch an event. The stadium itself will be able to support hundreds of users at a time.
The close of the funding round coincides with a partnership with Meta and Echo VR. The money and partnership will hopefully work to expand the reach of the platform. The studio also hopes to grow the size of the development team alongside the platform.
“I’ve been a part of the esports industry for the greater part of the last decade, and during this time I’ve worn many hats, from fan, to player, team owner to on-air talent and production,” said Virtex bossTim Mcguinness. “Through my proximity to and passion for the growing industry of over five hundred million fans, I’ve gained a deep understanding of what those passionate about esports are looking for from their community. With this funding and our continued growth, I’m confident that the value of this billion-dollar industry will continue to grow, at all levels of the ecosystem, as fans and players alike will have new platforms to connect and grow upon.”
Virtex looks at the stadium experience as a transformative layer that others will hopefully build upon in the future. It hopes to solve the
Read more on venturebeat.com
