| Sector |
Virtual & Augmented Reality Software
|
|---|---|
| Region |
Liverpool
|
| Stage |
Growth
|
| Fund | Technology Growth EIS |
| Target Raise |
£3m
|
An AI-powered spatial engagement company merging the real, AR and VR worlds with revolutionary social, gaming, and experience platforms to make virtual experiences as powerful as meeting face-to-face.
The Investment Opportunity
vTime is developing pioneering platforms and services that facilitate sociable networking in alternate realities, namely; Virtual Reality (VR), Augmented Reality (AR), or collectively known together as Extended/Cross Reality (XR). The Company has created two core social app products to date and is working with third-parties to produce exclusive user engagement.
The Company is working with businesses across a multitude of sectors, such as entertainment, healthcare, video conferencing, telecoms, hospitality and tourism. Furthermore, the team is collaborating with some of the world’s biggest brands to help them connect and drive engagement with their consumers and fans in new immersive realities.
vTime is working with City Football Group, the world’s largest private owner and football club operator, to develop bespoke sports fan engagement and content. The Company is also engaged with one of the world’s largest drinks manufacturers regarding potential experiential applications in their visitor centres.
Further to the launch of vTag, which provides AR immersion in real destinations, vTime has initiated interesting conversations with a number of tourist destinations and is working with them to enhance visitor experiences.
With its applications available via all dominant VR formats and with work ongoing with some of the world’s largest technology companies, the Company continues to grow commercial
Milestones to Date
| 2017 | vTime XR app made available across all major platforms. |
|---|---|
| 2018 | Series A fundraising round closed for £5.4m. This was led by Deepbridge and MSIF, a Liverpool based institutional loan and equity provider. |
| 2019 | Recruitment drive following the latest funding round and the Company expanded to the North American territory. World’s first Cross-Reality (XR) platform combining Virtual Reality (VR) and Augmented Reality (AR) together. |
| 2020 | vTime launched its second product offering, vTag. |
| 2021 | Voted in Business Cloud’s ‘UK Top 100 MediaTech Innovators’. |
Risks and Important Information
This page is a financial promotion for the purposes of Section 21 of the Financial Services and Markets Act 2000. The content of the page has been approved by Deepbridge Capital LLP. The Company may not gain the commercial traction that is forecast, it could experience development problems and may not be able to achieve its objectives. Please note that these risks are by no means exhaustive and there may be other risks which could have a material adverse impact on the Company’s financial performance. The content should not be construed as financial advice. Any decision to invest should be made only on the basis of the relevant documentation for each investment. Past performance is not necessarily a guide to future performance. The value of an investment may go down as well as up and investors could lose the total value of their investment. Investments in small unquoted companies carry a high- level of risk. These investments are highly illiquid and as such, there may not be a readily available market to sell such an investment. Tax treatment depends on the individual circumstances of each investor and may be subject to change in future. The availability of tax reliefs depends on the Company invested in maintaining its qualifying status. Deepbridge does not provide specific individual advice on the suitability of investments with regard to a potential investor’s individual circumstances, risk tolerance or investment objectives and investors should seek independent financial advice if they are in any doubt whether a product is suitable for them.
Clemens Wangerin (CEO of vTime) joins the Deepbridge Discovery Podcast to discuss what the future looks like for vTime, the development of the next iteration of their product and what the metaverse is and how vTime sits within that world.
About vTime:
Sociable network that takes the humble smartphone and transforms it into a passport to the outer edges by the user simply adding a virtual reality headset.
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