Colopl Launches $50M International Fund Devoted To Digital Actuality

Colopl Launches $50M Global Fund Dedicated To Virtual Reality

There’s no scarcity of concepts and tasks within the digital actuality area. There are tons of studios popping up everywhere in the world to create immersive content material for the platform. With the Oculus, HTC and Sony choices coming subsequent yr, now’s a greater time than any to dabble within the area. If solely there was cash to be raised. Welp, Colopl, an organization deeply rooted in cellular gaming, solved that with a newly launched $50M fund.

Right here’s what the corporate stated in its launch:

After two years of VR analysis and improvement, plus dozens of builders assigned to VR recreation tasks, COLOPL created the Colopl VR Fund to offer help for the business in time for the top-mounted shows to succeed in the worldwide market in 2016. The Colopl VR Fund is open to funding all VR-associated enterprise from hardware to software program, together with video games, video content material, improvement instruments, and distribution platforms.

President and CEO of COLOPL, Inc., Naruatsu Baba thinks that digital actuality might be adopted identical to PCs, the web and smartphones:

With the VR market predicted to succeed in US$30 billion in scale by 2020, VR may be the subsequent most generally-adopted leisure and communication platform, like PCs, the Web, and smartphones turned. COLOPL seeks to invigorate builders already concerned in VR with a greatest-in-its-class business-targeted fund. This manner, we will help VR increase past video video games into different fields, and finally present new experiences in contrast to something human beings have seen earlier than.

Whereas they’re not the primary to launch a fund devoted to VR, Colopl’s fifty million greenback international fund for each hardware and software program makers is definitely one of many largest.

Let the digital video games start.