vTime secures £5.4m in Series A funding led by Deepbridge Capital
Deepbridge Capital led the Series A round with participation from MSIF to accelerate product development and international growth.
Liverpool-based creator of a virtual reality sociable network enabling users worldwide to interact in simulated environments across multiple devices.
Virtual reality social network vTime has secured £5.4m in a Series A funding round led by Deepbridge Capital, with participation from MSIF. The capital will be deployed to accelerate global expansion, advance product development, and support research into augmented reality applications.
Founded in Liverpool, the company provides a sociable network compatible with major headsets and mobile platforms, accumulating nearly a million downloads since its launch. The fresh funds will also help scale its development and management workforce across operations in the UK and the United States ahead of new product releases.
From the founder
"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."
Martin Kenwright
CEO at vTime
Investor perspective
"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."
Ian Warwick
Managing Partner, Deepbridge
Use of funds
- 01Expand into international markets
- 02Continue product development
- 03Fund research and development
- 04Grow the team