Freeaim Technologies raises £250k in pre-seed funding led by Nikolaus Oldendorff to launch developer VR shoes.
The pre-seed round was led by Nikolaus Oldendorff to support the launch of the company developer kit and prepare for consumer release.
Freeaim Technologies designs wearable technology for virtual reality, focusing on full-body movement solutions. Its flagship product allows users to walk in any direction within a compact space.
London-based virtual reality start-up Freeaim Technologies has raised £250k in a pre-seed funding round led by Nikolaus Oldendorff. The capital will be deployed to support the immediate launch of the company developer kit and prepare for a full consumer release scheduled for next year.
The firm aims to displace cumbersome and expensive virtual reality treadmills with motorized shoes that build locomotion technology directly into the sole. The new funds will assist with hardware improvements, production scaling, and general preparations as the business targets diverse use cases spanning gaming, training, and remote operations.
From the founder
"We’ve created a more portable, sleeker, and lighter alternative to current walking-related VR tech, and we’ve done it by thinking in the opposite direction. We focused on people’s feet and natural motion as opposed to trying to manufacture a special platform for them to walk on. This funding round is going to accelerate the launch, and with a consumer version set to follow the developer version, it’s going to be an enormous year for Freeaim. This kind of wearable tech is going to start getting a lot more attention."
Ashley Foxcroft
Founder & CEO at Freeaim Technologies
Investor perspective
"In recent years individual pieces of VR hardware have started to look more alike. Freeaim and these VR Shoes are an intelligent antidote to this problem, and that’s why we’re supporting it. The potential that Freeaim has identified and, in some ways, helped create outside of the gaming sphere is enormous. We’re eager to see Freeaim take bigger strides into this new space. An XR or VR experience that includes full mobility, which can also be shipped in relatively tiny packages, has tremendous potential in many industries."
Nikolaus Oldendorff
Lead investor, Nikolaus Oldendorff
Use of funds
- 01Continue product development
- 02Scale operations
Investors
Categories
About the company
Freeaim Technologies
Freeaim Technologies develops wearable virtual reality movement technology.