HTC Vive unveils USD 10 bln VR capital alliance

Thursday 30 June 2016 | 12:46 CET | News
HTC Vive said it has partnered with 28 venture capital firms to create the Virtual Reality Venture Capital Alliance, Recode reported, citing a company statement made during the GSMA Mobile World Congress in Shanghai. The company said member companies have USD 10 billion of investible capital, though did not specify how much would go for VR startups. VC firms taking part in the effort include Sequoia Capital and Matrix partners.

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Categories: Mobile & Wireless
Companies: HTC
Countries: World
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