HolodeckVR Raises €3 Million to Scale Its Social VR

Munich-based virtual reality startup HolodeckVR has developed social VR systems. The company uses its own technology, which allows groups of up to 20 people to experience virtual reality through movement. The users can move around in an empty space of 10×20 metres whilst wearing VR goggles.

The company has landed a €3 million investment from German entertainment firm ProSiebenSat.1 in a corporate round.

Immersion in HolodeckVR

HolodeckVR is a spin-off from the Fraunhofer Institute for Integrated Circuits IIS, founded in 2016. They develop VR technologies and use a tracking technology, which enables the users to immerse themselves into a virtual world in an open space with VR goggles.

The corporate funding round is the first capital that HolodeckVR has raised. Leading German entertainment company ProSiebenSat.1 has shown its confidence in the startup with its €3 million investment.

Co-founder and Managing Director Jonathan Nowak Delgado said: “With this investment, we’ll aim to become the VR touchpoint for the next generation by offering exciting new experiences that are simple, social, and fun.” More specifically, the plans for HolodeckVR are to expand its open content platform and extend its network of locations.

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