Deepbridge, are delighted to announce we are leading a £5.4 million Series A funding round for vTime - a Liverpool based company, whose VR sociable network allows users to meet, chat, broadcast and share with people all around the world.
The funding was utilised through the Deepbridge Technology Growth Enterprise Investmest Scheme (EIS), including investment from institutional loan and equity provider, MSIF.
Deepbridge Capital Managaging Partner, Ian Warwick, commented:
“vTime perfectly represents the innovative and disruptive technologies that we at Deepbridge provide investment for. We are incredibly pleased to be working in partnership with the vTime management team and are excited by the future opportunities for vTime’s market-leading virtual reality and augmented reality technologies.”
vTime Chief Executive Officer, Martin Kenwright, commented:
“vTime offers users the most immersive and intuitive way to engage with others in VR from wherever they are. The advent of consumer AR at scale is allowing us to use decades of expertise to develop another unique way to connect and engage with friends and family in alternate realities. Crucially, Deepbridge share our vision for the future – both in delivering a matchless social XR experience and our expansive plans to monetise and build upon the vTime framework with future technologies.”