Friday, February 9, 2018

Vreal Gets Backing From Two LA Investors, Akatsuki, Upfront

Two, Los Angeles-area venture capital investors--the new Akatsuki Entertainment Fund (AET Fund), and Upfront Ventures, have backed a developer of virtual reality livestreaming and broadcast software. According to Vreal, it raised $11.7M in a funding round which was led by Axioma Ventures, and also included Intel Capital, AET Fund, Upfront Ventures, Vulcan Capital and CRCM Ventures. Upfront was already an investor in the company. Akatsuki launched its $50M entertainment fund in LA in October, specifically for augmented reality (AR) and virtual reality (VR) investments. That fund is one of a growing list of new venture funds which have announced new funds in the last year, as Southern California has seen a boom in venture capital, particularly at the seed and early stages. More information »