Who said there was no money to be made in VR, again? Venture Beat Reports that Los Angeles based Greycroft Venture Partner Jon Goldman has raised a fund of $15.6 Million in order to continue to invest in the VR/AR/esports. Although Goldman only recently secured this fund, he has already made 20 investments in since early 2016.
“AR, VR, video games and e-sports continue to grow tremendously and spawn entirely new user experiences and industries,” said Goldman. “Through our investments, we can help these startups reach the next stage of market adoption. We are committed to helping new teams, not only through capital, but also with connections and strategic advice.”
“We have been working together for four years and are excited to dive deeper into VR, AR, e- sports and video gaming with an operator like Jon who has lived in the space for years,” said Dana Settle, cofounder and partner of Greycroft. “We have already co-invested with Tracker in a number of companies and believe this sector-specific approach will help us develop expertise and relationships in these quickly emerging ecosystems.”
Gil Baron, cofounder and CEO of Mindshow, a platform that lets anyone create interactive and animated VR said: “Jon understood the vision of our company, supported us enthusiastically and evangelized us to fellow investors to help us to fill our round quickly”.
Goldman’s portfolio includes Mindshow, LiveLike, SliverTV, Littlstar, UploadVR, and FanAI. The fund has committed more than $4 million in investments so far, but Goldman said that he expects he’ll have money to invest through 2019.
For the FULL STORY, and interview with GamesBeat ahead over to Venture Beat HERE.