Virtus Tech secures £300k in pre-seed funding from SFC Capital to expand its virtual reality training platform.
SFC Capital led the pre-seed round, which will fund team growth, international expansion, and immersive technology research.
Virtus Tech builds a no code virtual reality platform that enables businesses to create interactive training simulations. The Cardiff based start-up works with clients such as NHS Wales.
Cardiff based virtual reality start-up Virtus Tech has secured £300k in a pre-seed funding round led by SFC Capital. The company was also backed by angel investors including Mark West and Lord Mervyn Davies. The new capital will support international expansion, team growth, and ongoing research and development in immersive technology.
The company has experienced rapid growth over the past year, aided by mentorship from Google for Startups through Tramshed Tech's Startup Academy. Virtus Tech recently launched the Wales Virtual Hospital in partnership with NHS Wales, creating a centralised virtual reality training platform for medical professionals across health boards and universities.
From the founder
"We are extremely excited for what the future holds at Virtus Tech. This investment round has been crucial to our rapid growth in this sector and Virtus Tech as a team cannot wait to continue disrupting the VR market"
George Bellwood
Co-Founder & CEO at Virtus Tech
Investor perspective
"We are delighted to have led Virtus Tech’s latest funding round. With their easy-to-use VR/AR technology, it will bring training to a large number of people and can be carried out anywhere, at any time. With the widening adoption of VR/AR, there has never been a better time to invest in the space and the team behind Virtus Tech have the skills and experience to capitalise on this market."
Edward Stevenson
Investment Executive, SFC Capital
Use of funds
- 01Expand into international markets
- 02Grow the team
- 03Fund research and development
Investors
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About the company
Virtus Tech
Virtus Tech provides a no code platform for creating interactive virtual reality training simulations.